76234 Home Values

While Wise County closings averaged roughly $192 per square foot this quarter, 76234 diverged sharply, landing near $222 — about 15 percent higher — even after slipping from last month's reading and ending a four-month climb. Based on MLS data for 2026-09 closings in 76234, the median sale price settled near $465K, well above the county's roughly $344K. Concessions surfaced in nearly half of deals, averaging about $10K, a step up from last month, while sellers still collected roughly 97 cents on the dollar, slightly better than the county. About half of sales closed below asking, and the median close took just over two months.

Pipeline activity in 76234 remains thin relative to supply. Pending contracts numbered only about 15 against roughly 295 active listings, while new listings held near 155 for the quarter, essentially unchanged from a month earlier. Months of supply edged up to around seven and a half, firmly in buyer territory. Wise County as a whole sits near nine months of supply, so the zip code is absorbing inventory somewhat faster than its parent county, though the pending count offers little sign of a near-term rebound.

For a fourth straight month, price per square foot in 76234 pushed higher, settling near $228 in the latest quarter as the median sale price crept within striking distance of the $500,000 mark. Based on MLS data for 2026-08 closings in 76234, the pace of closings quickened too, with roughly 125 sales clearing during the quarter — among the strongest totals in the trailing year — while the median time to close held steady at just under two months. Sellers continued giving ground at the closing table, receiving roughly 97 cents on the dollar, with concessions showing up in about four in ten deals near $9,350. Just under half of transactions settled below asking.

Signs of deceleration are building on the forward-looking side of the ledger in 76234. Pending contracts fell to just 17 heading into late summer, down from 31 a month earlier and among the thinnest counts of the year, even as new listing activity slowed alongside it to roughly 154 for the quarter. Active inventory eased only modestly, to around 295, leaving months of supply near seven — still comfortably in buyer territory, though inching toward tighter footing. The simultaneous pullback on both sides of the pipeline suggests broader deceleration rather than a shift in leverage toward either side.

Price per square foot in 76234 climbed to roughly $222 in the latest quarter — a third straight month of gains and the sharpest reading yet — while the median sale price reached nearly $483K. Based on MLS data for 2026-07 closings in 76234, homes are taking a bit longer to close, with the median time on market edging up to just under two months, even as more than 110 sales cleared during the quarter, among the busiest totals locally. Just over half of transactions settled below asking price, and sellers gave back roughly three cents on the dollar, with concessions appearing in nearly four in ten deals near $9,000. Values remain about seven percent above the prior-year period.

Pending contracts in 76234 fell to just 31 heading into the third quarter — down sharply from earlier this year — even as new listings continued arriving at nearly six times that pace, keeping the supply pipeline stretched thin relative to demand under contract. Active inventory held essentially flat near 310, and months of supply eased slightly to about eight months, still deep in buyer territory. The widening gap between new listings and pending activity suggests absorption is slowing, a shift worth watching as the pipeline moves into late summer.