76227 Home Values

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.

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.