76048 Home Values

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.

While Hood County's median sale price held near $325,000 over the trailing quarter, 76048 continued to sell meaningfully below that mark, with price per square foot near $183 — about five percent under the county's benchmark. Based on MLS data for July 2026 closings in 76048, sellers received close to 96 cents on the dollar, essentially matching the county's list-to-sale ratio, while more than a third of transactions still carried a concession, averaging a little over $7,400 — a lighter give-back than the roughly $8,600 average in June. Homes sold in a median 57 days, a faster pace than the county's 59-day median, even as the price gap between 76048 and its neighbors persisted.

Hood County's broader pipeline shows roughly ten active listings for every pending contract; in 76048, that ratio runs slightly wider, near twelve to one, consistent with the zip code's higher months-of-supply reading against the county benchmark. New listings continued to enter 76048's market at a pace exceeding pending activity, mirroring the county-wide trend but reinforcing that the near-term supply overhang here is running a touch heavier than what's showing up across Hood County as a whole.

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.