76431 Home Values

Closed-sale timelines in 76431 quickened this quarter, with the typical deal wrapping in roughly 61 days, down from a 74-day pace across the trailing year, even as volume stayed thin at 22 transactions, based on MLS data for July 2026 closings in 76431. The negotiating table told a mixed story: sellers received a bit less of their asking price than the annual norm, and no closings landed above list this quarter, though concessions grew less frequent and considerably smaller when they appeared. The typical sale price ran well above the annual median and closer to Wise County's level, while price per square foot held flat at $222. With this thin a sample, the faster pace reads as directional, not definitive.

The pipeline behind those quicker closings looks thin: pending contracts fell to just a handful against 138 active listings, a steep drop from the pace implied over the trailing year. New listings arrived close to that same annual rate, so the standing inventory isn't shrinking; homes simply aren't going under contract as often. Months of supply ticked up to nearly 19, versus roughly nine and a half countywide, underscoring how much slower absorption runs here than in Wise County generally. The faster closings this quarter may not hold if contract-writing stays this light.

76431 is trading at a notably higher price per square foot than the broader Wise County market based on MLS data for 2026-06 closings in 76431 — a gap that has persisted even as the annual trajectory shows values down roughly twelve percent from a year ago. Recent closings have been settling at or slightly above asking price, an outcome that diverges from the county norm where sellers are still giving back a few cents on the dollar. Concessions appeared in roughly four in ten recent transactions, though the amounts involved were more modest than the annual average. With a thin sample of closings in this period, these readings carry wider uncertainty, but the per-square-foot premium over county is consistent enough to be worth noting.

The supply picture in 76431 sits at a multiple of what the county is carrying — more than two years of inventory at current absorption, compared to roughly ten months countywide. New listings continued arriving at a pace that outpaces closings by a wide margin, keeping the active count elevated. Pending activity is light relative to the standing inventory, suggesting near-term absorption will remain slow. Days on market for recent closings ran notably faster than the annual pace, though the small pipeline of pending homes points to continued softness ahead.

ZIP 76431 in Wise County is flashing a split signal based on MLS data for May 2026 closings. The full-year picture shows prices roughly 9% off their year-ago level with over 17 months of supply — deeply buyer-friendly territory. Yet the most recent quarter looks meaningfully different: closings are landing well above the annual median, homes are selling at or above asking price for the first time in this cycle, and fewer than one in four recent sales settled below list — down from nearly half over the full year. Something is clearing in this zip code's price discovery.

If you're considering selling in 76431, the contrast between the 12-month trend and what's closing right now matters. The annual data looks soft, but buyers who showed up in the last 90 days paid at or above asking — meaning correctly priced listings are moving. With nearly 18 months of supply in the market, your pricing strategy is everything. Homes that sit are losing leverage fast; homes that open within the recent comp range are clearing quickly. Get a current CMA before you decide, not one based on last year's sales.