76071 Home Values

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.

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.