76071 Home Values

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.

Price per square foot in 76071 climbed to roughly $199 in the most recent quarter — a meaningful step above the trailing annual average of $179 — while the median sale landed near $424,000, based on MLS data for spring closings in 76071. The limited sample of roughly two dozen transactions this quarter adds uncertainty to that signal, but the directional shift is clear: sellers are achieving slightly better pricing relative to list, with the list-to-sale ratio holding near 98 cents on the dollar. Concession activity was present in more than half of closings, with sellers contributing roughly $11,000 per transaction on average — somewhat more than the annual norm.

The pipeline picture in 76071 tells a more cautious story. Pending contracts dropped to just 12 in the trailing quarter — well below the annual average — even as active inventory held steady near 53 homes and new listing volume remained active. With roughly 8 months of supply and a pending-to-active ratio near one in four, absorption has slowed noticeably. Compared to Wise County's broader pipeline, where pending contracts represent a similar thin fraction of active stock, 76071's contraction appears consistent with countywide softening rather than a localized anomaly.