76071 Home Values

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.

The median days-on-market in 76071 stretched to roughly 56 days in the most recent quarter — more than 60% longer than the trailing annual average of 34 days — a signal that properties are sitting considerably longer before reaching the closing table. Based on MLS data for 2026-06 closings in 76071, just over half of transactions involved seller concessions averaging nearly $11,000, up from the annual norm. The limited sample of roughly two dozen closings this quarter adds uncertainty, but the directional read is consistent: the pace of price settlement has slowed, with buyers in 76071 extracting concessions at a higher rate than the full-year baseline suggests.

The pending count in 76071 fell to just 12 contracts — less than a quarter of the active listings on the market — while new listings continued flowing in at a pace that outstripped absorption. With roughly 8 months of supply and a pending-to-active ratio among the thinnest in the quarter, the pipeline suggests the extended days-on-market pattern in closed sales is likely to persist. Wise County's broader pipeline shows similar softening, which points to a countywide dynamic rather than an isolated 76071 shift.