76119 Home Values

Homes in 76119 closed in roughly three weeks this quarter, barely half the 41-day median logged over the trailing year, based on MLS data for September 2026 closings in the zip code. That quicker pace didn't come from deeper discounting: price per square foot held essentially flat near $163, still trading below the Tarrant County benchmark, while sellers gave back just over two cents on the dollar at closing, an improvement from the roughly three cents ceded over the past year. Concession activity eased too, appearing in about five in nine sales versus close to two-thirds across the trailing year, on 72 closings, a moderate sample for the zip.

The forward pipeline tells a more cautious story than the closing pace suggests. Pending contracts covered barely one in twenty of the 149 active listings in 76119 at quarter's end, a thinner conversion rate than Tarrant County's roughly one-in-thirteen pace, hinting that the burst of fast closings drew down an existing backlog rather than signaling sustained acceleration. Months of supply eased to just over six, down from the mid-sevens seen across the trailing year, even as new listings kept arriving at a steady clip and held the zip's inventory cushion largely intact.

While Tarrant County's price per square foot climbed toward $186 this quarter, 76119 kept trading almost a tenth below it at roughly $169, based on MLS data for July 2026 closings in the zip code. The zip's median sale price of about $231,000 runs nearly a third under the county's roughly $355,000 median. Sellers gave back a little over three cents on the dollar at closing, a slight improvement from the prior two months, and the concession share eased to about seven in ten after climbing for two consecutive months. With 63 closings this quarter, a moderate sample, local sellers appear to be negotiating from well behind the county's overall footing, with price down roughly 6 percent year over year.

The pipeline in 76119 echoes the county divergence showing up in closed prices. Months of supply sit near 7.3, roughly half again above Tarrant County's overall reading of about 4.9, pointing to a slower-moving local market than the broader county pipeline. Pending contracts cover only about one in nine active listings in the zip, well under the county's roughly one-in-six conversion pace, suggesting local buyers are working through inventory more slowly than the Tarrant market as a whole. Absent a pickup in contract activity, the supply overhang here looks likely to persist.

For the second straight month, concession activity in 76119 climbed rather than eased, based on MLS data for June 2026 closings in the zip code. More than three in four sales now include a seller concession, edging up from last month's already elevated share, even as the average concession amount slipped to roughly $8,000. Price per square foot held near $166, little changed on the quarter but still running about a tenth below the Tarrant County benchmark. Sellers continued to give back roughly three cents on the dollar at closing, and half of transactions settled below list — together pointing to sellers still ceding ground at the table rather than regaining it.

Active listings in 76119 held near 150 through the quarter while pending contracts covered only a fraction of that total, a gap consistent with the elevated months-of-supply reading carried over from last quarter. New listings kept arriving faster than buyers could absorb them, leaving the supply overhang largely intact relative to Tarrant County's comparatively tighter pipeline. Without pending activity closing that distance, the near-term setup still favors buyers over sellers heading into the second half of summer.