76227 Home Values

The negotiation timeline in 76227 tightened this quarter, with homes reaching contract in roughly 43 days — about a week faster than the trailing twelve-month pace. Based on MLS data for 2026-06 closings in 76227, price per square foot held near $176, while the median sale price settled around $336K. Nearly three in four closed transactions still carried seller concessions averaging close to $9,400, and sellers received approximately 96 cents on the dollar at closing — a modest improvement over the full-year average. Just over half of buyers paid below the asking price, a share that has eased from the broader annual pattern.

The pending contract count in 76227 has pulled back to roughly 260 — a meaningful decline from the prior period's level — even as new listings submitted over the same window numbered nearly 920. That imbalance keeps months of supply near 5.8, an improvement from the 7-plus reading that characterized most of the past year, though still well above the threshold that typically signals a balanced market. The pipeline data suggests buyer absorption has not kept pace with the recent uptick in contract velocity seen in closed transactions.

At roughly $175 per square foot, 76227 has priced down from the trailing twelve-month average of $181—part of a decline that has pulled the median sale price approximately 11 percent lower year over year. Based on MLS data for recent closings in 76227, the median transaction landed near $330K. Three in four closed deals carried seller concessions averaging roughly $9,600, and sellers received approximately 96 cents on the dollar at contract. Just over half of buyers paid below the original list price, a pattern that reflects continued pressure on asking prices in this submarket.

With roughly 1,100 active listings and only 339 pending contracts as of the most recent data window, 76227 carries a months-of-supply reading near 6.8—well above the threshold associated with a balanced market. New listings submitted over the trailing three months outpaced pending volume by nearly three to one, suggesting the overhang of available homes is not compressing. Closed transactions have averaged roughly 49 days from list to contract, a velocity measure that has held essentially flat and signals no meaningful acceleration in buyer activity.