76111 Home Values

Closed sales in 76111 told a different story than Tarrant County as a whole this quarter. Price per square foot landed near $196, a touch above the county's roughly $186 median, based on MLS data for 2026-07 closings in 76111. The sharper contrast showed up around the negotiating table: just over a third of transactions included seller concessions, well below the county's rate of nearly six in ten, and closed homes moved through escrow in roughly two and a half weeks versus close to a month countywide. Sellers still gave back only about two cents on the dollar, matching the county's pace. With a little over thirty closings in the sample, the pattern reads as directional rather than definitive.

On the pipeline side, 76111 is carrying more supply relative to its sales pace than Tarrant County overall. Months of supply near seven outstrips the county's reading of under five, even though the ratio of pending contracts to active listings — about one in seven — tracks close to the county's own ratio. New listings kept arriving at a brisk pace relative to the zip's smaller active pool, suggesting the elevated months-of-supply figure reflects genuinely slower absorption locally rather than simply a broader countywide trend of oversupply.

Closed transactions in 76111 moved faster this quarter, with the median sale duration dropping to roughly 39 days — a meaningful acceleration from the prior period's pace — based on MLS data for 2026-06 closings in 76111. Roughly half of completed sales included seller concessions this quarter, down from nearly two-thirds recorded over the trailing year, with the average concession holding near $8,200. Sellers gave back about three and a half cents on the dollar at closing, and about four in ten buyers settled below asking. Price per square foot held near $188, essentially flat with last month, though year-over-year values remain roughly 13% below prior-year levels.

The pipeline in 76111 reflects a market where supply substantially outpaces active demand. With 83 active listings against only 25 pending contracts, roughly one in three available homes has a buyer under contract — a ratio that directionally suggests buyer selectivity remains the dominant force. Months of supply near five has eased modestly from recent readings, yet still runs above the Tarrant County average of roughly five months. New listing activity added about 61 homes to the pool during the trailing window, keeping replenishment steady without meaningfully tightening conditions.

Price per square foot in 76111 settled near $187 in recent closings — roughly 3% below the trailing-year baseline — based on MLS closing data for 76111 through May 2026. Close to two-thirds of completed transactions included seller concessions averaging roughly $7,800, a higher share than the 59% recorded over the prior twelve months. Sellers gave back about three and a half cents on the dollar, and roughly four in ten buyers closed below asking. Year-over-year, values have retreated roughly 11%, while the median closed-sale duration stretching toward 50 days directionally suggests the price discovery process has slowed.

With 85 active listings and only 35 pending, the pending-to-active ratio in 76111 directionally suggests demand is absorbing a fraction of available supply. Months of supply near 5.8 mirrors the Tarrant County average closely, though the low pending count relative to active inventory points toward continued buyer selectivity rather than competitive pressure. New listings in the trailing window total near 55, keeping supply replenishment steady without materially tightening conditions.