76148 Home Values

Closed-sale pace quickened again in 76148 this quarter, with median days on market falling to about 20 — a break from the roughly 26-day mark that held for the two prior updates, based on MLS data for July 2026 closings in 76148. Price per square foot ticked up to around $203, edging out the broader Tarrant County median. Sellers kept collecting close to full asking, near 98 cents on the dollar, even as concessions touched roughly six in ten transactions — essentially unchanged from June. Sales above asking stayed rare, under one in ten, while just over a third closed below list. The median sale price edged up to roughly $285K, barely above year-ago levels.

Months of supply in 76148 crossed the four-month mark this quarter, a threshold that typically signals a shift in negotiating leverage toward buyers. Active inventory climbed to 118 listings, up from roughly 88 this spring, while pending contracts slipped to just 31 — widening the gap between what's listed and what's actually moving toward closing. New listings kept arriving at a brisk pace, with 133 hitting the market, further outpacing the thin pending count. That combination now tracks closer to Tarrant County's looser countywide conditions than it has in recent updates.

While Tarrant County homes carry a lower price per square foot overall, 76148 continues to command a premium, with closed sales running above $200 per square foot — based on MLS data for June 2026 closings in 76148, roughly one-tenth higher than the county median. Closed-sale velocity reinforced the gap: homes here moved in about 26 days, noticeably faster than the broader county pace. Sellers gave back a little ground at the table — concessions touched roughly six in ten sales, down from about two-thirds over the trailing year — yet sellers still collected nearly all of asking, with the median sale price flat near $281K and barely above year-ago levels.

Even as new listings reached their busiest quarterly pace in recent memory, active inventory in 76148 held flat near its trailing-year level, with new supply running well ahead of pending contracts. That imbalance has not loosened conditions the way it has countywide, where months of supply runs noticeably higher than in this zip. New listings continuing to outrun pending activity is worth watching heading into Q3, but for now the pipeline here remains structurally tighter than the broader Tarrant County market.

Homes in 76148 closed faster this quarter than the trailing-year pace suggests — based on MLS data for recent closings in 76148, median time on market dropped to roughly 26 days, a meaningful pullback from the 32-day annual baseline. Price per square foot held above $200, a premium that directionally separates this zip from much of Tarrant County's broader range. The concession rate eased as well: fewer sellers yielded at the table compared to the prior 12 months, though roughly four in ten homes still traded below list. With the limited quarterly sample, these signals are directional rather than definitive.

The pipeline in 76148 shows modest tension between supply and demand. New listing activity outpaced pending contracts in the most recent quarter — roughly 105 new listings against 47 pending transactions — leaving about 88 active listings on the market. Months of supply held near 3.6, keeping conditions tilted toward sellers. The pace of new supply entering the market will be the key variable to watch: if listings continue to outrun pending activity, the velocity advantage sellers have held could soften heading into the next quarter.