76457 Home Values
76457 Market Snapshot
| Active 106 listings | New 25 30 days | Closed 4 30 days | Pending 1 30 days | Supply 24.5 months | Absorption 2.8% monthly | Over List 0% sold above | Under List 39.5% sold below | Concessions 17.1% % of solds | Avg Concession $5,313 seller paid |
Source: NTREIS MLS • Excludes leases • Jun 2026
76457 Market Trends
Hico's Hill Country Character Draws Deliberate Buyers
Hico sits in Hamilton County's rolling terrain where limestone bluffs and Bosque River frontage give the area a genuine Hill Country feel. The housing stock ranges from restored Victorian-era homes near the town square to custom builds on ten-to-forty-acre tracts. Manufactured homes on acreage fill the entry-level tier.
For a second straight month, closings in 76457 moved through escrow markedly faster than the trailing-year norm. Based on MLS data for 2026-07 closings in 76457, the typical sale took roughly a month from contract to close, versus about two months over the trailing year. That quicker pace came alongside sellers giving more ground at the table: close to four in ten sales carried concessions, up from about one in six annually, with paybacks averaging near $5,200. Sellers captured near-full asking price, and just over one in five sales closed under list. Per-square-foot pricing eased to about $198, down from $208 a year earlier. With roughly a dozen closings feeding this quarter's read, the trend remains directional rather than conclusive.
Pending contracts in 76457 nearly disappeared this quarter, falling to just a handful even as active inventory held steady near 106 homes and new listings kept arriving at a typical pace. That combination pushed months of supply up to roughly two years' worth of standing stock — a pipeline widening much faster than it's clearing. The mismatch complicates the picture closed sales suggest: homes that do reach the table are moving quickly, but with so few new contracts starting, that speed looks more like a shrinking, decisive buyer pool than a broadly accelerating market.
Market Updates
For a second straight month, closings in 76457 moved through escrow markedly faster than the trailing-year norm. Based on MLS data for 2026-07 closings in 76457, the typical sale took roughly a month from contract to close, versus about two months over the trailing year. That quicker pace came alongside sellers giving more ground at the table: close to four in ten sales carried concessions, up from about one in six annually, with paybacks averaging near $5,200. Sellers captured near-full asking price, and just over one in five sales closed under list. Per-square-foot pricing eased to about $198, down from $208 a year earlier. With roughly a dozen closings feeding this quarter's read, the trend remains directional rather than conclusive.
Pending contracts in 76457 nearly disappeared this quarter, falling to just a handful even as active inventory held steady near 106 homes and new listings kept arriving at a typical pace. That combination pushed months of supply up to roughly two years' worth of standing stock — a pipeline widening much faster than it's clearing. The mismatch complicates the picture closed sales suggest: homes that do reach the table are moving quickly, but with so few new contracts starting, that speed looks more like a shrinking, decisive buyer pool than a broadly accelerating market.
The negotiation table shifted noticeably in 76457 this quarter: roughly four in ten closings included seller concessions, more than double the share recorded over the trailing year — a directional signal, given the limited sample of about fifteen MLS closings in 76457. Average concession amounts held near $6,200, while sellers simultaneously captured a higher share of their asking prices, suggesting that when deals did come together, they closed more cleanly. Based on MLS data for 2026-06 closings in 76457, per-square-foot pricing held near $200, consistent with the annual baseline. Homes that did sell moved to contract considerably faster than the full-year pace suggests, though with this sample size the direction is more telling than the precise figure.
The pipeline in 76457 tells a more cautious story: with roughly 17 months of supply against a thin pending count of just eight contracts, buyer absorption has slowed to a pace that significantly outstrips available demand. Active listings held steady near 90 homes while new listing additions over the trailing three months approached 40 — a ratio that continues to widen the inventory overhang rather than resolve it. For a market operating at this level of supply, conditions continue to favor buyers with time and flexibility, even as individual closed transactions reflected improved terms for motivated sellers.
Closed sales in 76457 priced at roughly $206 per square foot in recent months, directionally suggesting stable per-foot valuations despite softer median prices. Based on MLS data for recent closings in 76457, sellers gave back about three cents on the dollar on average, with roughly one in five transactions including concessions. Nearly a third of closings settled below list price, and the typical home spent approximately 68 days from contract to closing. Year-over-year, sale prices held a narrow gain of just over two percent, though 22 closings over the trailing period means these readings are best interpreted directionally.
The forward picture in 76457 shows a notable supply overhang — roughly 11 months of inventory relative to recent absorption. Only 6 pending contracts sit against 82 active listings, a ratio that directionally suggests buyer activity has slowed considerably. New listing additions over the trailing three months totaled 43, outpacing pending activity by a wide margin. The extended time homes are spending before closing further reinforces a pipeline that is building faster than it is clearing.
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Market data last updated Jul 1, 2026, 6:00 AM CDT · Editorial updated Jul 11, 2026, 11:09 PM CDT
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