76071 Home Values

While Wise County closed the latest quarter near $189 per square foot, 76071 landed closer to $162, holding the roughly 14% discount to the county seen in September. Closings here took nearly three months to reach the table, well beyond the county's two-month pace, and more than eight in ten carried a seller concession averaging about $10,000, compared with roughly half across Wise County. Sellers collected about 96 cents on the dollar. With fewer than two dozen closings, the read is directional, but based on MLS data for October closings in 76071, the zip is trading at a steeper discount than its county.

Pending contracts in 76071 edged up to just three against roughly 73 active listings, while 43 new listings arrived over the quarter and lifted inventory from about 64 homes in September. Months of supply stayed above 11, ahead of Wise County's reading near ten, so absorption here continues to trail the broader county. Days on market kept lengthening, extending the slowdown visible in closed sales since early summer. The pipeline points to supply outpacing contracts in 76071 as the market moves toward winter.

For the third consecutive quarter, the time to close has lengthened in 76071: median days on market reached roughly 78 in the trailing quarter, more than double the trailing annual pace of 38 days. Price per square foot slipped to about $169 — below the $178 annual median and running roughly 14% under Wise County's broader benchmark. Sellers collected close to 97 cents on the dollar, and concessions appeared in just over half of the quarter's 17 closings, up from the annual rate, averaging near $10,600. The modest sample keeps the read directional rather than definitive, but based on MLS data for September closings in 76071, pricing is holding near list even as the pace to close slows.

Pending contracts in 76071 fell to just two in the trailing quarter — down sharply from 44 across the trailing year and among the thinnest readings in recent months — even as new listings kept arriving near their typical quarterly pace, holding active inventory flat around 64 homes. Months of supply held above 11, well beyond Wise County's own reading near nine, pointing to absorption slowing more sharply here than across the broader county. The pipeline data lines up with the lengthening days-on-market pattern showing up in closed sales, suggesting the slower pace persists heading into fall.

Nearly six in ten closings in 76071 sold under list this quarter — the highest under-list share the zip has posted in the trailing year — a closed-sale signal that buyers, not sellers, are setting the final number. Price per square foot held near $204, still ahead of the $179 annual average, but sellers gave back roughly three cents on the dollar at closing, and nearly half of transactions carried a concession averaging close to $11,700, up from the $9,800 annual norm. Based on MLS data for July closings in 76071, rising concessions alongside the under-list share point to buyers dictating terms at the table.

Active listings in 76071 held near 63 while pending contracts fell to just five — a pending-to-active ratio among the thinnest of the past year — even as 49 new listings continued reaching the market. Months of supply climbed toward nine, roughly in line with Wise County's broader trailing-quarter pipeline, reinforcing that inventory is building faster than contracts are being written. The pattern points to buyers holding increasing room to negotiate terms as supply outpaces absorption heading into late summer.