76120 Home Values

The negotiation gap in 76120 widened sharply at the closing table this quarter. Average seller concessions climbed to roughly $10,400 — up from about $7,900 over the trailing year, a jump of more than thirty percent — while nearly six in ten closings included a seller concession. Based on MLS data for 2026-06 closings in 76120, price per square foot settled near $174, modestly below the annual average, and median sale near $307,000. No transactions closed above asking. With the broader annual record showing a thirteen-percent year-over-year price decline, the limited sample of roughly 43 quarterly closings directionally suggests sellers are absorbing meaningful cost to move product in a market where buyer resistance remains entrenched.

Active inventory in 76120 held at roughly 87 homes while new listings for the quarter outpaced pending contracts by more than three to one — about 66 new listings against just 21 pending agreements. That absorption gap signals the supply overhang noted in prior months has not meaningfully closed. With months of supply near six, the pipeline points toward conditions that continue to constrain seller leverage heading into summer, and the sluggish pending count suggests concession pressure seen in closed transactions is unlikely to ease in the near term.

Price per square foot in 76120 held at roughly $178 in the most recent quarter — about four percent below the Tarrant County benchmark — while the broader annual trend points to a meaningful reset in where buyers and sellers are actually striking deals. Based on MLS data for 2026-05 closings in 76120, the trailing twelve-month record shows prices have compressed by roughly thirteen percent year-over-year. Sellers received back just under ninety-eight cents on the dollar at closing, and with no transactions closing above asking in the latest period, the directional data suggests the market is still working through price discovery from an earlier peak.

With roughly six months of supply on hand and new listings running well ahead of pending contracts — about 55 new listings against only 21 pending — the pipeline in 76120 points toward continued downward pressure on pricing as the market absorbs available supply. Active inventory has stabilized at around 75 homes, but the limited absorption pace suggests the gap between seller expectations and buyer offers may take additional months to close. Directionally, the supply overhang complicates any near-term price recovery.