76117 Home Values

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.

Price per square foot in 76117 tracked at roughly $176 for recent closings — about five percent below the Tarrant County median, directionally suggesting buyers here find relative value within the metro. Based on MLS data for May 2026 closings in 76117, the typical home reached contract in under four weeks, noticeably faster than the county pace. Sellers gave back roughly three cents on the dollar at closing, and just over six in ten transactions included a seller concession averaging nearly $7,700. Year-over-year, the zip has absorbed roughly a six-percent price decline, a pattern that recent per-square-foot readings directionally suggest may be stabilizing.

Pipeline conditions in 76117 show roughly 120 active listings against 54 pending contracts, a ratio that directionally suggests absorption remains measured rather than stressed. At five months of supply, the zip sits just below the broader Tarrant County pace, which may signal a modest tightening in recent months. New listing volume added roughly 112 homes over the trailing quarter, maintaining supply without meaningfully expanding it. Pending contracts running at less than half of new listings directionally points toward a market that is digesting current inventory at a steady but unhurried pace.