76240 Home Values

While Cooke County's typical closed sale fetched $179 per square foot this quarter, 76240 settled lower at roughly $172 — even as the zip's median sale price of about $313,000 ran ahead of the county's roughly $305,000, pointing to a larger-footprint mix rather than stronger demand. Based on MLS data for August 2026 closings in 76240, homes took about 58 days to sell, continuing a third straight period of easing from the low-70s pace seen earlier this year, though still longer than the county's roughly 49-day median. Concessions appeared in about one in three 76240 transactions, a narrower share than Cooke County's nearly two in five, with sellers still receiving close to 97 cents on the dollar at closing.

76240 carries roughly half of Cooke County's active listing pool but converts pending contracts at a modestly faster clip — its pending-to-active ratio runs a touch higher than the county's, even as new listings arrived in similar proportion to its share of inventory. Months of supply landed at about eleven, essentially even with the county's own elevated pace, suggesting the zip isn't meaningfully outperforming or lagging the broader Cooke County pipeline despite its smaller scale.

A surge in closings — nearly 100 in the latest quarter versus roughly 74 the prior period — gives 76240's price signals firmer footing heading into summer. Based on MLS data for July 2026 closings in 76240, price per square foot held near $174, a modest step down from the trailing annual pace, while the typical closed sale settled at roughly $299,000. Sellers received about 96 cents on the dollar at closing, with nearly two in five transactions carrying a concession averaging around $9,000, both little changed from last month. Homes that closed spent about 68 days on market, continuing a gradual easing from the low-70s pace seen earlier this year.

The pipeline in 76240 continued to favor buyers, though the edge softened slightly from last quarter. Months of supply eased to roughly thirteen and a half — still far above the four-month equilibrium mark and just below Cooke County's own elevated pace — as active inventory held steady near 440 listings. New listings slowed to roughly 260 for the quarter, well off the annualized rate, while pending contracts crept up to just over 50. The narrowing gap between new listings and pending activity suggests absorption is inching forward even as the broader supply overhang persists.

The negotiation gap in 76240 tilted clearly toward buyers in the latest quarter: more than half of closed transactions settled below list price, with sellers conceding roughly four cents on the dollar at closing on average. Based on MLS data for May 2026 closings in 76240, price per square foot came in around $179 — directionally softer than the trailing annual average — while homes that did close spent roughly 73 days on market. The limited sample of 74 quarterly closings suggests these trends are directional rather than definitive, but the concession rate of nearly four in ten transactions with buyer-side credits points to consistent seller accommodation.

The pipeline in 76240 signals continued buyer advantage heading into summer. With roughly 16 and a half months of supply on the market — above both the four-month equilibrium threshold and Cooke County's already-elevated county-wide pace — the active listing count substantially outweighs pending contracts. New listing activity continues to replenish a market where pending volume remains thin relative to the available pool, suggesting that absorption pressure is unlikely to ease materially in the near term.