76117 Home Values

Closed-sale velocity in 76117 hit its quickest mark in more than a year this quarter, with homes reaching contract in an average of 27 days, down from 32 over the trailing twelve months, based on MLS data for August 2026 closings in 76117. Price per square foot extended its climb to $185, a fourth straight monthly gain and above the $180 trailing-year mark. Sellers gave back roughly two and a half cents on the dollar at closing, with nearly two in three transactions still carrying a concession, modestly more often than the trailing-year rate, though the average giveaway narrowed to just under $6,800. Roughly one in three sales closed under list, well below the trailing year's nearly half.

Pipeline signals in 76117 point to intensifying absorption this quarter. Pending contracts fell to just 10, a fraction of the roughly 160 that typified the trailing twelve months, even as active listings held essentially flat near 110 homes and new listings added roughly 90 to available stock. Months of supply eased to just under four and a half, still looser than a year ago but tighter than the five-month pace across Tarrant County, suggesting the recent run of faster closings has more room to continue before supply catches up.

Price per square foot in 76117 rose for a third straight month to $183, based on MLS data for July 2026 closings in 76117, still trailing the $186 median across Tarrant County. Sellers kept giveaways to a minimum, retaining close to 98 cents of every dollar asked, with roughly one in twenty-five sales closing above list — yet the share selling under list narrowed to about three in ten, down from nearly half over the trailing year, a sign the modest discounts buyers found a year ago have grown harder to come by. Concessions still touched nearly six in ten closings, averaging just over $7,500, keeping sellers from claiming full pricing power despite the firmer numbers at the table.

Pipeline signals in 76117 point toward loosening conditions for buyers after last month's tightening. Months of supply ticked back above the four-month mark that separates buyer- and seller-favored territory, reversing the contraction reported a month earlier. Pending contracts fell sharply, dropping to roughly half of last month's count, even as active listings held steady near 110 homes. New listings also slowed, adding roughly ninety homes to the quarter versus more than a hundred previously — supply isn't rebuilding so much as demand is pulling back, which is what's nudging the supply math toward buyers' favor.

Homes in 76117 are reaching contract in roughly three weeks — a pace nearly a third faster than the trailing twelve-month average for the zip, based on MLS data for June 2026 closings in 76117. That acceleration coincides with price per square foot holding at $181, unchanged from the annual baseline, while the median sale price settled near $247,000. Sellers still gave back roughly two and a half cents on the dollar at closing, and close to six in ten transactions carried a concession averaging just over $7,300. With year-over-year pricing down roughly six percent, the faster velocity suggests demand has caught up to the repriced level.

Pipeline conditions in 76117 have tightened noticeably: months of supply has contracted to four months, down from more than five over the trailing year, touching the threshold that historically separates buyer-favored from seller-favored conditions. Active listings hold near 114 homes while 46 contracts are pending — a pending-to-active ratio that, combined with the accelerating DOM trend, points toward continued absorption pressure heading into summer. New listings added roughly 113 homes last quarter, keeping supply from rebuilding meaningfully as pending activity absorbs available stock.