76048 Home Values

Where Hood County closings carry a median sale price near $321,000, 76048 sits roughly 14 percent lower at about $277,000, yet the gap narrows sharply per square foot, with 76048 near $184 against the county's $189. Based on MLS data for October 2026 closings in 76048, roughly 250 sales over the quarter give these readings solid footing. Homes closed in a median 55 days, about four days quicker than the county, while sellers recovered nearly the same share of list price as county sellers, a little under 96 cents on the dollar. Roughly four in ten deals carried concessions averaging close to $7,000.

Pipeline conditions in 76048 lean heavier than Hood County's. Active listings outnumber pending contracts by more than twenty to one, against a county ratio nearer eighteen to one, and months of supply runs just above ten, versus about nine and a half countywide. New listings arrived at a pace well ahead of contract activity, keeping the supply overhang intact. Time on market has shortened from the year-long norm, a sign of modest velocity, but the thin pending count suggests buyers keep the negotiating advantage in the near term.

For a fourth consecutive month, sellers in 76048 have leaned more often on concessions to close deals, even as the typical giveback keeps shrinking. Based on MLS data for September 2026 closings in 76048, roughly four in ten transactions included a concession this quarter, up from under 38% across the trailing year, while the average concession slipped to around $6,700 from roughly $7,500 annually. Sellers still received a little under 96 cents on the dollar, and just under half of closings settled below list, both essentially unchanged from the annual norm. Homes moved a touch faster too, closing in a median 56 days versus 60 over the past year, with price per square foot holding almost flat near $181.

Months of supply in 76048 eased slightly to just under ten months but still runs well above what's typical of a balanced market, leaving buyers with room to negotiate. The pipeline remains lopsided: active listings outnumber pending contracts by more than twenty to one, a wider gap than Hood County's roughly eighteen-to-one ratio, and new listings kept arriving at a pace far outstripping contract activity. That imbalance suggests near-term leverage stays with buyers even as the broader supply overhang shows early signs of narrowing.

Price per square foot in 76048 held near $185 in the trailing quarter, a steady reading even as the pace of sales activity shifted meaningfully underneath it. Based on MLS data for August 2026 closings in 76048, nearly 275 homes closed over the period — a noticeably busier stretch than 76048 has logged over the past year — and typical time to close ticked down to a median 55 days. Sellers continued to give ground at the table: close to half of transactions closed under list, sellers received a bit under 96 cents on the dollar, and roughly four in ten deals carried a concession, averaging a little over $7,100.

Pending contract activity in 76048 slowed markedly relative to the pace set over the past year, even as new listings kept arriving at a similar clip — a combination that has begun narrowing the gap between the two but from a weaker starting point than the annual trend would suggest. Months of supply eased to just under ten months, down from the year-long average, pointing to a market absorbing inventory a bit more efficiently even as the incoming contract pipeline has yet to confirm that pace will hold.