76116 Home Values

Against Tarrant County, 76116 continues to carry a pricing premium and a firmer negotiating posture. Closed sales landed near $202 per square foot, roughly 10% above the county's $184 benchmark, though that premium has narrowed from the $207 reached last month. Fewer than half of 76116 closings included a concession, compared with nearly six in ten countywide, even as the average concession edged up to about $7,000. Sellers received nearly 98 cents on the dollar, matching the county, while homes took about a month to close, a few days slower than the county pace. Based on MLS data for October 2026 closings in 76116, the 123-closing quarter supports the read, with annual prices roughly flat.

Pending contracts in 76116 edged up to 22 this quarter from 20, a marginal gain against 181 new listings that arrived at roughly eight times that pace. Active inventory climbed to 204 homes from about 186 last month, lifting months of supply to about five, level with Tarrant County and up from roughly 4.8. The county's own pipeline, with about 850 pending contracts against nearly 11,000 active listings, shows a similar gap between supply and absorption. With homes taking about a month to find a buyer, the pipeline points to inventory building into the fall.

A brisk pace of closings — 117 in the latest quarter — kept transactions moving through 76116, with homes reaching contract in a median of 29 days, about two days faster than the trailing annual mark, based on MLS data for September 2026 closings in 76116. Price per square foot held at $207, continuing a stretch of quarters priced above the trailing annual figure of $199, even as the annual read still carries a roughly six percent year-over-year decline. Sellers received close to 98 cents on the dollar this quarter, edging above the annual average, while just over half of closings carried a concession, averaging roughly $6,700 — a bit lighter than the yearly norm.

Pending contracts in 76116 fell sharply this quarter, dropping to just 20 from the roughly 259 logged across the trailing year — the steepest pullback yet in a pattern that has been building since spring. New listings, at 183 for the quarter, continued arriving well ahead of that pace, while active inventory held near 186 homes. Months of supply eased to about 4.8, still above Tarrant County's roughly five-month benchmark, leaving the pipeline slower to convert even as available stock stays steady.

While Tarrant County sellers gave up more ground at the closing table this quarter, 76116 held a firmer line: closed sales priced at $209 per square foot, about 12% above the county's $186 benchmark — extending a premium over the county benchmark first documented in the spring data, based on MLS data for July 2026 closings in 76116. Fewer than half of transactions in 76116 included a concession, well under the county's rate of nearly six in ten. Sellers still received close to 97 cents on the dollar across 127 closings, even as the annual figure continues to run roughly five percent below year-ago levels.

76116's months-of-supply reading converged with Tarrant County's pace this quarter — about five months on both sides — closing a gap that had run roughly half a month wide as recently as June. The convergence came alongside a sharp pullback in pending contracts, down from 67 to 38 over the past month, even as new listings held steady near 196. Active inventory stayed flat at 210 homes, suggesting the tighter local supply picture reflects slower contract activity rather than a shift in listing volume.