76245 Home Values

For the third consecutive month, price per square foot in 76245 climbed, reaching roughly $198 in the trailing quarter — a notable jump from the $168-to-$178 range recorded in the spring, based on MLS data for 2026-07 closings in 76245. Even so, the improvement hasn't fully closed sellers' negotiating gap: buyers here settled below list in roughly one in four closings, an easing from the nearly one-in-three rate logged in June, while list-price recovery held close to 96 cents on the dollar. Concessions grew rarer — appearing in roughly one in seven sales, down from one in six over the trailing year — though the concessions that did occur ran larger, averaging around $6,200.

Inventory pressure in 76245 eased only slightly this quarter: months of supply slipped to roughly 18, down from nearly two years' worth in the trailing-year window, but that figure still runs more than four times the balanced-market threshold and about 50% above Grayson County's own 12-month reading. Active listings held flat near 320 while pending contracts thinned further, and new listing activity slowed alongside them — a pipeline pattern that keeps near-term leverage squarely with buyers even as the supply overhang shows early signs of narrowing.

Price per square foot in 76245 crossed $178 in the trailing quarter — above the Grayson County median of $173 — an unusual divergence for a zip code whose median sale price of roughly $88,000 sits nearly four times below the county's $314,000 benchmark, based on MLS data for 2026-06 closings in 76245. Sellers here received roughly 96 cents on the dollar at close, nearly matching the county's rate, though buyers in 76245 settled below list in nearly a third of transactions. With fewer than 50 closings in the quarter, the limited sample suggests directional stability rather than a definitive trend — yet the year-over-year price contraction exceeding 20% marks a prolonged repricing cycle with no parallel in the broader county's current data.

With roughly 21 months of supply against Grayson County's 11 months, 76245 carries nearly double the inventory overhang of the wider market. Active listings hold near 317 while pending contracts remain thin at 30 — a ratio signaling that absorption continues at a pace well below county norms. New listing activity added about 100 properties over the quarter without a corresponding uptick in pending volume, keeping the supply gap wide. Conditions in 76245 diverge sharply from county-level pipeline trends, where pending-to-active ratios reflect a substantially tighter market.

Price per square foot in 76245 edged up to roughly $168 in the most recent quarter, a modest rise against the trailing-year average of $163 — but that uptick sits against a backdrop of steep annual price erosion, based on MLS data for 2026-05 closings in 76245. The year-over-year decline exceeds one-quarter of median value, a signal that this market has been repricing substantially. Sellers received about 96 cents on the dollar at closing in the latest quarter, an improvement over the annual average but still within a market where nearly three in ten closed sales settled below list. With only 37 closings in the quarter, directional trends are present but not definitive.

Pending contracts in 76245 have pulled back sharply relative to recent norms — roughly two dozen active pending deals sit against nearly 310 listings, a ratio that directionally signals prolonged absorption timelines. New listing activity added about 93 properties over the quarter while pending volume remained thin, widening the gap between supply and committed demand. With roughly 25 months of supply on hand, the pipeline suggests near-term conditions will remain heavily tilted toward buyers. Grayson County as a whole carries about 15 months of supply, indicating that 76245 faces a notably more pronounced inventory overhang than the broader county.