76247 Home Values

Homes in 76247 closed at roughly $186 per square foot in the latest quarter, based on MLS data for July 2026 closings in 76247 — about seven percent below Denton County's benchmark near $200, even though median sale prices near $447K track close to the county's own median. Sellers received just above 96 cents on the dollar, a shade under the county's typical 97 cents, while nearly seven in ten transactions carried a concession, a noticeably higher share than the county's roughly six in ten, with the typical concession running near $12,500. Roughly six in ten closed sales finished under list, underscoring that 76247 is conceding more ground at the table than the county overall.

Homes in 76247 are sitting on the market well past the county norm, a gap that points to softer buyer urgency relative to Denton County as a whole rather than a shift within 76247 itself. New listings continued arriving faster than pending contracts could absorb them, keeping active inventory elevated even as the pending count ticked up modestly from the prior quarter. That combination — slower absorption paired with steady new supply — suggests 76247's pipeline is running looser than the county's broader pace, a gap worth watching as summer listing activity typically peaks.

Price per square foot in 76247 settled at roughly $186 in the latest quarter, based on MLS data for May 2026 closings in 76247 — about seven percent below Denton County's benchmark of $199. Median sale prices hovered near $446K, while sellers gave back nearly four cents on the dollar at closing, with the list-to-sale ratio coming in just above 96 cents. The concession story is particularly notable: nearly seven in ten transactions included seller concessions, with the typical concession amount approaching $12,000 — well above county norms. Roughly six in ten closed sales finished below list, leaving sellers with limited pricing leverage in a market where buyers have measurable room to negotiate.

The pipeline in 76247 reflects conditions that favor patient buyers. With roughly 6.3 months of supply on the market and active listings holding at over 600 homes, inventory is comfortably in buyer's-market territory — above the 4.0-month threshold that historically marks the shift in negotiating power. Pending contracts totaled around 157 against nearly 490 new listings in the trailing quarter, a ratio that suggests supply is outpacing absorption. Unless pending volume accelerates meaningfully in the coming weeks, the current inventory overhang is likely to sustain buyer leverage heading into summer.