76040 Home Values

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.

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.