76048 Home Values

Concession activity in 76048 has edged higher over the trailing quarter, with more than a third of closings now including seller concessions averaging roughly $8,600 — up from about $8,000 in the trailing year. Based on MLS data for June 2026 closings in 76048, sellers received close to 96.5 cents on the dollar, a slight improvement over the annual average yet still reflecting meaningful negotiating room for buyers. Half of all transactions closed below list, and homes that did sell took a median 62 days to close. Price per square foot held near $182, a modest uptick from the prior quarter, with median sale prices around $270,000.

Active listings in 76048 remain elevated against the pace of absorption, with supply hovering near eleven months — well above the threshold that typically signals buyer advantage. Pending contracts represent a fraction of active inventory, pointing to a pipeline where new listings continue to outpace demand. New listing volume over the quarter reached nearly 500 homes, sustaining upward pressure on the active count and suggesting near-term conditions will remain favorable to buyers with time and flexibility.

Price per square foot in 76048 settled near $176 in the trailing quarter, roughly 5% below the Hood County median of $186 — a divergence that has persisted even as both markets share similar list-price performance. Based on MLS data for recent closings in 76048, sellers received about 96 cents on the dollar, nearly in line with county norms, though more than a third of transactions included a concession averaging around $8,200. Closed sales took a median 62 days, meaningfully faster than the county's 69-day pace, suggesting that correctly priced homes in 76048 move with relative efficiency despite the price gap.

With inventory in 76048 sitting above twelve months of supply at current absorption rates, the pipeline contains far more active listings than pending contracts — roughly five active for every pending sale. New listings added over the trailing quarter continued entering at a pace well ahead of demand, keeping the active count elevated. Pending activity has moderated compared to longer-term norms, which directionally suggests the near-term sold volume may tighten before it widens.