76116 Home Values

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.

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.