76116 Home Values

The negotiation gap in 76116 narrowed but remained firmly in buyers' favor through the most recent quarter, with nearly four in ten closings landing below asking — based on MLS data for June 2026 closings in 76116. Sellers conceded on roughly $7,000 at the table on average, down slightly from the prior twelve months but still representing a meaningful offset to transaction costs. Homes that sold moved in about 26 days, a week faster than the annual pace, suggesting priced-to-market listings are clearing efficiently. Price per square foot reached $210, up from the trailing annual figure of $200, even as the annual rate continues to reflect a year-over-year price decline of roughly four percent.

With roughly 190 new listings entering the market over the quarter and only 67 contracts moving to pending, 76116's pipeline continues to accumulate supply faster than it absorbs it. Active inventory held at about 210 homes, sustaining roughly five and a half months of supply — above the county's pace of about five months. The gap between listing activity and pending volume confirms that buyers in 76116 retain room to be selective, and the supply cushion shows little sign of tightening heading into mid-summer.

Price per square foot in 76116 reached $206 in the most recent quarter, running about 11% above the Tarrant County median — a notable premium that emerged even as the trailing annual rate sat closer to $199, based on MLS data for May 2026 closings in 76116. The divergence reflects a market recovering from a year in which sale prices finished roughly five percent below prior-year levels. With more than 100 closings in the quarter, the signal carries weight: sellers received close to 97 cents on the dollar, and the share of transactions with concessions edged down to about 45%, with the average concession shrinking by roughly a thousand dollars from the annual baseline.

Active inventory in 76116 held at 183 homes while new listings — roughly 167 over the quarter — outpaced the 63 pending contracts, widening the supply gap as of late spring. Months of supply at about five and a half sits above the Tarrant County pace of five, a spread that preserves buyer negotiating room heading into summer. The imbalance between new listing activity and pending volume suggests absorption has not yet caught up with supply, complicating the upward price trajectory visible in closed-sale data.