76118 Home Values
76118 Market Snapshot
| Median Sale Price $340,965 ▼ 0.1% YoY | Price per Sq Ft $195 median $/sqft | Days on Market 37 list to contract | Sale-to-List 98.3% of original asking |
| Active 60 listings | New 21 30 days | Closed 13 30 days | Pending 4 30 days | Supply 4 months | Absorption 58.3% monthly | Over List 4% sold above | Under List 39.7% sold below | Concessions 58.3% % of solds | Avg Concession $7,206 seller paid |
Source: NTREIS MLS • Excludes leases • Apr 2026
76118 Market Trends
Two Neighborhoods, One Tight Seller's Market
76118 splits cleanly into two housing worlds. The northern half is classic Richland Hills -- 1950s ranch homes on oversized lots, many backing to mature canopy, all feeding into Birdville ISD. Head south and east and the landscape shifts to the Lakes of River Trails master-planned community, where late-1990s to mid-2000s two-story brick homes line cul-de-sacs in HEB ISD. New construction from Our Country Homes is still actively building.
Sellers are firmly in the driver's seat. Inventory is tight enough that well-priced homes are drawing multiple offers. The River Trails section commands a premium thanks to HEB ISD zoning and lifestyle amenities. Meanwhile, vintage Richland Hills is attracting renovation buyers who see the gap between purchase price and post-rehab value.
Sellers in River Trails should lean into the community story -- lake access, trails, school ratings. In older Richland Hills, don't over-improve: the buyer pool splits between owner-occupants who want move-in-ready and investors who want margin. Price your updates honestly relative to the new-build competition.
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Market data last updated May 7, 2026, 5:21 AM CDT
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