76040 Home Values

While Tarrant County's broader market settled near $186 per square foot in the latest quarter, 76040 ran roughly six percent above that benchmark — a divergence that, based on MLS data for 2026-06 closings in 76040, has held across both the trailing quarter and the full year. Median sale values landed around $385,000, about ten percent above the county median. Sellers gave back less than two cents on the dollar at closing — outperforming the county average — and homes reached contract roughly five days faster than the Tarrant-wide pace. The limited sample of around three dozen closings warrants measured interpretation, but the directional data points toward a zip tracking above its county context.

The supply-demand balance in 76040 mirrors Tarrant County at a surface level — both sit near five months of supply heading into July. But the zip's pipeline is more compressed: roughly 60 active listings against only about 19 pending contracts, a ratio tighter than the county's absorption picture. New listing activity added around 66 homes to the market over the quarter, outpacing pending volume by more than three-to-one — a pattern suggesting supply is replenishing faster than demand is absorbing it.

Price per square foot in 76040 settled near $194 over the latest quarter, modestly below the trailing-year average of $197, based on MLS data for 2026-05 closings in 76040. Sellers gave back roughly one-and-a-half cents on the dollar at closing — a list-to-sale ratio that nonetheless ran slightly ahead of the twelve-month norm. Nearly half of all closed transactions included seller concessions, with the average giveBack approaching $7,700, a figure that reflects meaningful negotiating pressure even in a market where no homes sold above list price. The directional data suggests a cautious seller class that is adjusting expectations, though the limited sample of roughly 29 closings this quarter warrants measured interpretation.

Supply conditions in 76040 lean toward buyers heading into mid-2026. With active listings holding around 55 homes and only 17 contracts currently pending, the absorption rate implies a slower-moving pipeline than the prior twelve months suggested. Months of supply in the zip has widened to nearly six — above the county-wide reading of five — signaling that sellers face a more competitive field than the annual average implies. New listing activity outpaced pending contracts by a wide margin in the latest period, a pattern that, if sustained, would continue to widen available choice for prospective buyers in this Tarrant County submarket.