76123 Home Values

Closed-sale timelines in 76123 tightened sharply this quarter, a median 50 days from list to close, down from nearly 70 days the prior month and back near the trailing-year norm. Price per square foot rose to $159, up from $155 over the trailing year, even as year-over-year values held essentially flat, down roughly one percent. Sellers still gave ground at the table: nearly seven in ten closings carried a concession, averaging a bit over $8,000, while just under half of transactions settled below list and only about one in twelve closed above it. Based on MLS data for July 2026 closings in 76123, the shortened timeline breaks a pattern of lengthening days on market that had persisted since spring.

The forward pipeline in 76123 sent a mixed velocity signal this quarter. Pending contracts fell sharply from the prior month, even as new listings held roughly steady, leaving active inventory essentially unchanged. Months of supply crept up to nearly six, still above the four-month threshold that typically favors buyers and well above Tarrant County's benchmark near five. The pullback in pending activity, set against a compressed closing timeline, suggests the recent acceleration in closed sales has yet to translate into a deeper contract pipeline heading into late summer.

While Tarrant County homes cleared in roughly a month on average, closings in 76123 took more than twice as long — nearly 70 days at the median — a divergence that underscores how differently this zip is trading against its broader market. Price per square foot held at $154, unchanged from the trailing year, while county-wide values ran about $32 per foot higher. Sellers in 76123 gave back roughly two and a half cents on the dollar at closing, with nearly two thirds of transactions carrying a concession averaging close to $8,800. About half of closings settled below list price. Based on MLS data for June 2026 closings in 76123, the list-to-sale gap has widened relative to the county benchmark, signaling that buyers here retain more room at the negotiating table than the broader Tarrant market reflects.

The forward pipeline in 76123 shows limited absorption momentum. Active listings outnumber pending contracts by more than three to one — 267 active against 77 pending — a ratio that contrasts sharply with Tarrant County's more balanced pipeline. New listings continued to enter the market at a pace well above pending activity, with 221 new entries over the trailing quarter. Months of supply held near five and a half, above the county benchmark and well above the four-month threshold that typically signals balanced conditions. The pending count declined from the prior period, suggesting buyer engagement has not yet responded to elevated inventory.

Closed transactions in zip code 76123 show homes trading at roughly $150 per square foot over the recent period, down from $155 on a trailing-year basis — a directional softening consistent with broader price moderation. Sellers received about 97 cents on the dollar, with roughly six in ten transactions carrying a concession averaging near $8,700. Nearly half of closings settled below list price, while just over 5% closed above. At 71 days on market before closing, homes are taking noticeably longer to trade than the trailing-year norm of 50 days. Based on MLS data for May 2026 closings in 76123, year-over-year values have declined roughly 1.4%.

Pipeline conditions in 76123 suggest the softening pace is not yet reversing. With 6.1 months of supply and an active-to-pending ratio of 265 to 94, more homes are sitting than moving at any given moment. New listings continue to outpace pending contracts — 222 new entries against 94 pending — pointing toward an ongoing inventory surplus. The elevated days-on-market trend reinforces this signal, suggesting buyer absorption has not yet caught up with available supply.