76044 Home Values

The negotiation gap between list and sale prices in 76044 widened further in the latest quarter, with price per square foot slipping to roughly $173 — down about $10 from the trailing annual average — while the median closed around $415K. Based on MLS data for 2026-06 closings in 76044, nearly seven in ten transactions settled below the original asking price, and sellers absorbed close to seven cents on the dollar at closing. About six in ten deals included seller concessions averaging roughly $11,300. Year-over-year valuation has been essentially flat, confirming that the price softening in recent quarters has eroded the gains 76044 briefly held.

Supply conditions in 76044 continue to favor buyers heading into the second half of the year. At roughly seven months of supply, the market sits well above the threshold where seller leverage typically consolidates, and new listings added during the quarter outpaced pending contracts by nearly three to one. Active inventory has held steady at around 280 homes, while the pending count remains thin relative to that stock — a combination that suggests absorption will remain slow and the buyer advantage is unlikely to compress quickly.

Price per square foot in 76044 sits near parity with the Johnson County median in the latest quarter, yet the gap between where sellers list and where deals actually close tells a starkly different story. Based on MLS data for 2026-05 closings in 76044, homes here traded at roughly $172 per square foot — matching the county benchmark — but sellers absorbed nearly six cents on the dollar in concessions, with about seven in ten transactions closing below list price. Days on market ran nearly 70% longer than the county average, signaling that 76044's higher price tier — roughly $426K median versus $322K countywide — creates a thinner, slower-moving buyer pool even as closed volume remained robust.

The pipeline picture in 76044 diverges sharply from Johnson County's broader tempo. With 51 pending contracts against 134 new listings added in the quarter, the absorption rate leaves a growing supply backlog relative to demand. Active inventory has held steady while new listing flow outpaces contract activity, suggesting the supply gap will persist into the coming months. County-wide, pending volume runs proportionally higher against new supply, indicating that 76044's longer-duration, higher-dollar homes are sitting in queue longer than the county norm heading into summer.