76248 Home Values

The pace of closed transactions in 76248 accelerated sharply this quarter, with homes going under contract in a median of 17 days — roughly 40% faster than the trailing 12-month pace of 28 days. Based on MLS data for 2026-06 closings in 76248, sellers captured nearly 98 cents on the dollar at the closing table, while about 53% of transactions included a seller concession averaging close to $9,400. Price per square foot held at roughly $230, with a median sale price near $670,000 — consistent with the zip's established premium over the broader Tarrant County market.

The supply picture in 76248 tightened meaningfully from the prior period. Months of supply fell to roughly 4.8 — down from near six months — as the ratio of pending contracts to active listings narrowed toward equilibrium. New listing volume of 236 over the quarter outpaced the 84 pending contracts currently in the pipeline, suggesting the absorption rate is being tested. If pending conversions accelerate to match the DOM compression seen in recent closings, the supply buffer could compress further heading into late summer.

At roughly $234 per square foot, closed transactions in 76248 over the past three months priced out at a notable premium to the broader Tarrant County market, where the recent median was near $185 per sqft. The median sale price in 76248 held close to $644,000 — approximately 83% above the county median — while sellers still gave back about two cents on the dollar on average. Based on MLS data for spring 2026 closings in 76248, about 48% of completed transactions included a seller concession averaging roughly $9,200, a somewhat lower concession rate than the broader county, where nearly 57% of closings involved seller credits.

Pipeline conditions in 76248 mirror the broader Tarrant County market more closely than pricing data suggests. Months of supply at nearly six months tracks within a fraction of the county-wide reading, and the ratio of pending contracts to active listings — roughly 83 pending against 217 active — aligns with countywide absorption pace. New listing volume of 207 over the trailing period is pacing ahead of pending conversions, a signal that supply is gradually building rather than tightening.