76040 Home Values

Price per square foot in 76040 eased to near $192 in the latest quarter, a few dollars under the year-long norm near $197, based on MLS data for 2026-09 closings in 76040. The median sale price slid roughly six percent from last month's reading just under $400,000, unwinding August's mix-driven lift and pointing to values settling back toward the annual figure rather than a fresh drop. Sellers still collected close to ninety-eight cents on the list dollar, yet concessions touched about six in ten sales, ahead of the trailing year. With roughly four dozen closings, the read remains directional.

Pending contracts in 76040 number only about seven against roughly seventy active listings, a ratio not far from Tarrant County's own thin conversion of supply into deals. Months of supply edged up to a little over four and a half, just under the county's five and still above the four-month line that separates buyer and seller markets. New listings ran slightly ahead of the trailing-year pace, so the pool of homes has not shrunk. Days on market ran about five days quicker than the annual pattern, though the sparse pending count tempers that speed signal.

Fewer than four in ten closings in 76040 sold below list price this quarter, down from nearly forty-five percent over the trailing year, based on MLS data for 2026-08 closings in 76040. Sellers collected close to full asking price at the table, up from about ninety-seven cents on the list dollar a year ago, even as price per square foot held essentially flat near $197. The median sale price, just under $400,000, ran roughly six percent above the trailing twelve-month figure — more a mix shift than a jump in per-square-foot values. Concessions still touched roughly six in ten sales, a nuance tempering the firmer picture, though with only about four dozen closings this quarter the read stays directional.

Months of supply in 76040 tightened to a little over four, down from roughly five across the trailing year, moving closer to the threshold that typically favors sellers. Active inventory held steady near five dozen homes even as pending contracts thinned noticeably, a combination that leaves buyers with less room to maneuver than earlier in the year. New listings kept arriving at a similar clip to the trailing-year pace, a flow that has so far kept the available pool from tightening further despite the pullback in contracts working their way toward closing.

Closing times in 76040 compressed notably this quarter, with contracts moving roughly ten days faster than the trailing twelve-month average — a nearly one-third reduction, based on MLS data for 2026-07 closings in 76040. Price per square foot held essentially flat near $197, matching the year-long norm, even as the median sale price edged about five percent above the annual figure, into the high $380,000s. Sellers continued receiving close to full asking price, though concessions grew more common, appearing in nearly six in ten sales versus roughly half over the trailing year. With around four dozen closings this quarter, the sample remains modest, but the faster pace to contract stands out against a steady price backdrop.

Pipeline signals in 76040 point to a market absorbing new supply unevenly this quarter. New listing activity ran well ahead of pending contract volume, a gap wider than the trailing-year pace, even as active inventory held steady near five dozen homes. Months of supply eased slightly to just under five, tracking close to Tarrant County's broader reading. With pending contracts still a small fraction of active listings, the faster pace homes are moving to contract this quarter has yet to translate into a meaningfully tighter pipeline — a pattern the county-level data suggests is not confined to this zip alone.