76078 Home Values

While Wise County sellers conceded in roughly half of all transactions this quarter, 76078 sellers gave ground in nearly two-thirds of closings — a notable divergence that persists even as the zip's list-to-sale ratio held a shade above the county benchmark. Based on MLS data for 2026-06 closings in 76078, average concessions ran close to $12,000 per transaction, well above the county's reported level, yet homes here still closed at a slight premium on a per-square-foot basis: roughly $198 versus Wise County's $194. The gap points to a split market — buyers are extracting table money, but sellers in 76078 are holding their valuation floor more firmly than the county-wide trend would suggest.

The supply picture in 76078 diverges sharply from Wise County's broader market: with roughly six months of supply, the zip sits well below the county's nearly ten-month figure, a gap that has persisted into June. New listings accelerated — about 125 homes came to market over the latest quarter, up meaningfully from the prior period — yet pending contracts held near 40, leaving active inventory unchanged. If new listing momentum continues to outpace contract activity, the supply cushion that has kept 76078 tighter than its county peers could erode heading into the second half.

Price per square foot in 76078 reached roughly $198 in the latest trailing quarter, above the zip's own $188 annual average — a directional signal that recent closings are landing at the higher end of the range, though the limited sample of about 70 transactions warrants caution. Based on MLS data for 2026-05 closings in 76078, homes spent a median of 65 days on market before closing, well above the annual pace, and sellers gave back roughly three and a half cents on the dollar at close. Nearly two-thirds of transactions included seller concessions averaging around $11,500, suggesting buyers in 76078 have extracted meaningful accommodation from sellers at the table.

The pipeline in 76078 points toward continued softness heading into summer. Active listings and new supply — roughly 103 homes listed over the latest quarter — held steady relative to the 38 pending contracts currently under contract, a ratio that leans decisively toward buyers. At just under six months of supply, 76078 sits well below Wise County's broader 10-month supply figure, suggesting somewhat tighter conditions within the zip than the county average implies, though pending volume remains thin enough that any uptick in new listings could widen the imbalance further.