76227 Home Values

More than half of buyers who closed in 76227 this quarter paid below the original list price, underscoring the negotiating room that has opened up as inventory has built across the zip. Based on MLS data for August closings in 76227, the median sale price landed near $352K, roughly a tenth lower than the same period last year, while price per square foot held close to $178. Sellers still collected roughly 96 cents on the dollar at closing, but nearly seven in ten transactions carried concessions averaging about $10,300, continuing the elevated concession pattern that has held for much of the past year. Homes spent roughly six weeks under contract before closing, a touch longer than last quarter's pace.

Months of supply in 76227 climbed to roughly seven months this quarter, a level that keeps the buyer's advantage firmly in place even as active inventory held essentially flat near 1,270 listings. Pending contracts, however, thinned sharply to fewer than 50, a fraction of the roughly 890 new listings that entered the pipeline over the same window. That widening gap between fresh supply and contracts in progress suggests buyers are taking their time exercising the leverage evident in recent closings, rather than moving quickly to lock in terms.

Price per square foot in 76227 continues to trail the broader Denton County market, closing the latest quarter near $177 against the county's roughly $203 — a gap of nearly 13 cents on every square foot. Based on MLS data for July closings in 76227, the median sale price of roughly $345K sits nearly a quarter below the countywide median near $448K, underscoring how much of the county's price strength sits outside this zip. Sellers here are also conceding more ground: nearly seven in ten closings carried concessions, well above the county's roughly six in ten, and homes took about 40 days to reach contract versus 31 countywide, even as sellers still collected close to 96 cents on the dollar.

The pipeline in 76227 mirrors Denton County's broader balance more closely than its closed-sale prices suggest: months of supply sat at roughly six months, essentially matching the county's own six-month reading, even as new listings and pending contracts tracked in similar proportion to the county's overall volume. That alignment suggests the pricing gap seen in recent closings reflects submarket positioning rather than a locally oversupplied pipeline. Active inventory held flat month over month, giving no early signal that the supply-demand balance here is poised to diverge further from the county trend in the near term.

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.