76107 Home Values

For the third straight month, homes in 76107 have closed in roughly three weeks, a pace that has now leveled off after tumbling from about five weeks over the trailing year. Based on MLS data for August closings in 76107, price per square foot held near $289, up from a $277 trailing-year average, while year-over-year values jumped to nearly 11 percent — a sharp acceleration from the low-single-digit gain reported last month. Sellers gave back roughly three cents on the dollar at closing, with concessions appearing in just under four in ten transactions and averaging around $7,100, little changed from recent months.

On the pipeline side, pending contracts in 76107 total just 25 against 261 active listings — a modestly higher pending-to-active ratio than Tarrant County's own reading, pointing to firmer relative absorption despite light overall contract volume. Months of supply eased to about six, down slightly from nearly seven a year ago, though still above the county's five-month benchmark. New listings arrived at a pace of roughly 180 for the quarter, essentially matching the trailing-year rate rather than adding to the overhang — a sign the brisk turnaround at closing hasn't yet pulled fresh supply into the market.

While Tarrant County homes closed at a median of roughly $186 per square foot this quarter, 76107 changed hands near $279 — a premium of about 50 percent. Based on MLS data for July closings in 76107, homes sold in about three weeks, down from roughly five weeks over the trailing year, while the county's own median held closer to twenty-six days. Sellers here also gave up less ground than their county counterparts: roughly two in five transactions carried concessions, compared with more than half countywide, and list-to-sale ratios held near 98 cents on the dollar. Year-over-year values in 76107 ticked up nearly 3 percent, reversing the modest retreat noted last month.

The pipeline in 76107 carries more cushion than the county as a whole: months of supply sit near six and a half, well above Tarrant County's reading of just under five. Pending contracts remain thin relative to active listings — roughly one contract pending for every seven homes on the market, a slightly slower absorption pace than the county's near one-in-six ratio. New listings arrived at a steady clip of roughly 220 over the quarter, keeping the supply gap from narrowing further.

Homes in 76107 are moving off the market faster than the trailing-year pace — median days to close fell to roughly 28 in the most recent quarter, compared with 36 across the full trailing year, a meaningful velocity shift. That acceleration coincides with a concession uptick: nearly four in ten recent closings included seller concessions, up from about one in three over the full year, with amounts averaging close to $6,600. Based on MLS data for recent closings in 76107, list-to-sale ratios remained firm at about 97.5 cents on the dollar — sellers are giving some ground on concessions while holding price. Year-over-year values reflect a modest retreat of under two percent.

The supply picture in 76107 shows some tightening relative to recent history. Months of supply has pulled back to roughly 5.8, down from the trailing-year reading near 6.9, a directional shift toward more balanced conditions — though still above the Tarrant County benchmark of about 4.9 months. Pending contracts stand at roughly 73 against 268 active listings, a pending-to-active ratio that points to measured rather than urgent demand. New listing volume of roughly 231 over the trailing quarter has held pace with absorption rather than adding to the overhang, suggesting the inventory ceiling may be stabilizing.