76131 Home Values

Closing timelines in 76131 compressed markedly this quarter: homes that sold spent roughly four weeks on the market, about two weeks faster than the trailing year's median, based on MLS data for 2026-07 closings in 76131. Price per square foot held essentially steady near $177, alongside a median sale price close to $350,000, continuing a stretch of flat pricing that has now run several months. Concessions remained common, appearing in better than seven of every ten sales and averaging roughly $7,800, while sellers collected roughly 98 cents on the dollar at closing, edging up from the prior period. Fewer than one in twenty-five sales closed above list.

Even as closing speeds picked up, the broader pipeline in 76131 tells a more mixed story: pending contracts continue to trail new listings by a wide margin this quarter, meaning the standing inventory has more room to grow before it works through the system. Months of supply held close to 5.5, essentially matching the trailing-year pace rather than tightening further. Active inventory stayed flat near 380 listings, suggesting the faster turnaround among recent closings reflects well-priced homes moving quickly rather than a broad-based acceleration across the standing supply.

Price per square foot in 76131 held essentially flat at $175 this quarter, a third straight month in the narrow $174-to-$175 band, based on MLS data for 2026-06 closings in 76131. Roughly 210 homes closed at a median near $347,000, a modest uptick from the prior month. Sellers kept ceding ground at the table: nearly seven in ten transactions included concessions, averaging roughly $8,100 back to buyers. Sellers received just over 97 cents on the dollar at closing, and under one in twenty-five sales closed above list, while close to half landed under asking. Days on market crept up to about a month, a few days longer than last month's pace — price stability suggests a floor, not a rebound.

Months of supply in 76131 eased to about five, down from nearly six a month earlier, yet that still sits above Tarrant County's roughly five-month benchmark — a gap that keeps leverage tilted toward buyers locally even as conditions tighten. Active inventory held flat near 350 listings while new listings and pending contracts both picked up pace this quarter, suggesting more of the standing supply is finally converting into contracts rather than accumulating. Still, with new listings continuing to outpace pending activity, buyers in 76131 retain more room to negotiate terms than the county's tighter pipeline currently affords sellers elsewhere.

The most notable closed-sale signal in 76131 this quarter is velocity: homes that closed in the trailing three months spent about 30 days on market — roughly a week faster than the full-year median of six weeks. Based on MLS data for 2026-05 closings in 76131, roughly 181 transactions cleared at a median near $348,000, with price per square foot settling around $174. Sellers received back just under 98 cents on the dollar at closing, a narrow concession gap. Yet seven in ten sellers gave some ground on terms, averaging roughly $8,200 back to buyers — signaling that while prices held, negotiation remained active.

The supply picture in 76131 tilts modestly toward buyers heading into summer. With roughly five months of supply and active listings matching the recent pace of new additions, the pipeline shows no sign of tightening. Pending contracts — about 112 — are running at less than two-fifths the new listing rate, which means more inventory is entering the market than is being absorbed. If that gap persists, sellers may face a lengthening queue heading into the second half of the year.