76059 Home Values

The negotiation environment in 76059 continued to favor buyers at the closing table this quarter. Based on MLS data for 2026-06 closings in 76059, homes spent roughly two months on the market before closing — a meaningful stretch compared to the 44-day median over the trailing year, a signal that transaction velocity has slowed. Sellers gave back about four cents on the dollar at closing, with roughly eight in ten transactions carrying concessions averaging near $5,800. No completed sale cleared the original list price during the period, and roughly two thirds of buyers settled below asking. Prices edged down slightly year over year, though the directional read from fewer than three dozen closings warrants caution.

The supply side of 76059 shifted perceptibly heading into summer: new listings over the quarter outpaced the prior period by roughly a quarter, pushing active inventory toward 51 homes and lifting months of supply to just over five. Pending contracts held flat at 13, leaving absorption well below what the growing listing count would require to tighten conditions. Johnson County as a whole carries nearly seven months of supply, and while 76059 remains tighter by comparison, the directional data points toward a widening gap between supply arrivals and contract activity heading into Q3.

Price per square foot in 76059 landed near $155 in the most recent quarter, running roughly nine percent below Johnson County's $171 benchmark — a discount that persisted even as the zip's supply dynamic diverged sharply from the broader county. Based on MLS data for 2026-05 closings in 76059, sellers conceded on roughly eight in ten transactions, giving back nearly four cents on the dollar at closing with average concessions approaching $5,800. No closings cleared the list price in the period, and nearly seven in ten buyers settled below asking — a seller-concession pattern that stands in contrast to the zip's comparatively tight inventory position relative to Johnson County.

Where Johnson County carried roughly ten months of supply heading into mid-2026, the 76059 pipeline registered closer to five — a meaningful divergence that has not yet translated into stronger seller pricing power. Active listings held steady at 45 homes while pending contracts numbered just 13, against 21 new listings entering the market over the quarter. The gap between new supply and pending activity suggests absorption in 76059 remains sluggish despite the county-relative tightness, a tension worth watching as the summer listing season develops.