76248 Home Values

Homes that sold in 76248 this quarter took a median of about four weeks to go under contract, the slowest pace of the past several months and a step back from the three-week reading a month earlier. Based on MLS data for 2026-10 closings in 76248, roughly 150 sales closed over the quarter, and sellers collected close to 98 cents on every listed dollar. Concessions appeared in more than four in ten closings, averaging near $8,700, while nearly four in ten sales closed below asking. Price per square foot held near $235, and the median sale price edged up to roughly $688,000, nearly double the Tarrant County median.

Pending contracts in 76248 rose to 24, up from 17 a month earlier, while active inventory eased to about 215 listings from roughly 235. Months of supply slipped to just above four, pulling the zip back toward the line separating buyer-leaning from seller-leaning conditions and sitting well below the roughly five months across Tarrant County. New listing volume pulled back to 189, so the tightening reflects both fewer arrivals and firmer contract activity. Even so, a median time on market stretching to four weeks suggests homes still need patience to find a buyer.

Price per square foot in 76248 climbed to about $236 this quarter, its highest reading since early spring and a step up from the roughly $228 to $230 range that held through the summer months. Based on MLS data for 2026-09 closings in 76248, the median sale price held essentially flat near $670,000, with year-over-year pricing barely moving. Still, sellers gave ground elsewhere: just over one in four transactions closed below asking, and the median time to contract stretched to three weeks, both signals that the firmer price-per-square-foot reading did not come paired with fresh pricing power for sellers.

Months of supply in 76248 climbed back above the four-month mark this quarter, rising to roughly four and a half months after dipping under that threshold over the summer — a shift that has historically extended more room to negotiate to buyers. Active inventory held little changed near 235 listings, while pending contracts stayed thin at just 17, barely up from last quarter's count. New listing volume eased to 208, pulling back from the prior quarter's pace, suggesting the wider supply cushion owes more to slower absorption than to a fresh wave of sellers coming to market.

Stretching to 19 days this quarter, the median time to contract for closed sales in 76248 reversed the acceleration reported last month, when transactions closed in roughly two weeks. Based on MLS data for 2026-08 closings in 76248, sellers still captured close to 99 cents on every listed dollar, and just over one in four transactions closed below asking, both little changed from last month. Concessions crept higher, with the average seller credit near $8,500 now appearing in just over half of all closings, up from roughly half last month. Price per square foot held essentially flat near $228, while the median sale price edged up modestly to roughly $677,000, continuing a slow, steady climb rather than a sharp repricing.

The slowdown in closed-sale velocity is showing up further out in the pipeline too: pending contracts in 76248 fell to just 16, down two-thirds from the roughly 50 in the pipeline last month, even as active inventory held near 226 listings. New listing volume of 221 for the quarter continued to outpace contract conversions by a wide margin, pushing months of supply up slightly to just under four months. That combination — steady-to-rising supply paired with a thinning conversion rate — points toward a market where sellers are still listing at pace but buyers are taking longer to commit.