76248 Home Values

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.

The negotiation gap between list and sale prices in 76248 narrowed further this quarter. Based on MLS data for 2026-07 closings in 76248, the share of buyers closing below asking slipped to roughly one in four, down from about one in three across the trailing twelve months, while sellers collected close to 99 cents on every listed dollar. Concessions also shrank, averaging near $7,700 versus roughly $9,400 as recently as last month, even as slightly more transactions included some form of seller credit. Homes closed faster too, with time on market compressing to about two weeks, continuing a run of quickening sales. Price per square foot held steady near $230, matching both the trailing-year average and last month's reading.

Months of supply in 76248 slipped under the four-month mark this quarter, easing from roughly 4.8 to about 3.8 -- a level that has historically tilted the advantage toward sellers. Active listings held essentially flat near 211, but a wave of new listings outpaced the roughly 50 pending contracts now in the pipeline, widening the gap between what's coming to market and what's converting to contract. That combination -- steady supply but thinner conversion into pendings -- suggests the compression owes more to accelerated buyer activity than to a shrinking base of homes for sale.

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.