76487 Home Values

Forty-four closings in 76487 during the latest quarter give the price signals a moderate footing — directionally, the data points toward continued softening from the annual trend. Based on MLS data for 2026-06 closings in 76487, sellers received close to 97 cents on the dollar, a figure that has barely shifted over the past year even as the median sale price drifted toward $349,000 — well below the trailing annual baseline. Price per square foot ticked up to roughly $228, a modest uptick against the 12-month average near $220. About half of all transactions settled below list, and the concession rate moderated to roughly one in four deals, down from nearly a third over the prior year.

The pipeline in 76487 has tightened sharply on the demand side. Pending contracts — a leading indicator of near-term closings — dropped to roughly two dozen, a steep pullback relative to the active listing count of about 265. With supply holding near 18 months, new listing activity continues to outpace contract formation by a significant margin. The directional data suggests absorption timelines in 76487 will remain extended heading into Q3, though the limited quarterly sample warrants caution before drawing firm conclusions from any single month's pipeline figures.

Price per sqft in 76487 came in at roughly $228 in the most recent quarter — about 8 percent above the Parker County median of $210, a notable divergence given that the zip's median sale price of approximately $346,000 sits nearly $80,000 below the county figure. Based on MLS data for recent closings in 76487, sellers received close to 97 cents on the dollar, which matches county-level performance despite the zip running at a nearly 9-percent year-over-year price decline. About half of all closed transactions settled below list, and roughly one in four involved seller concessions, a lower concession rate than the county's 39 percent — suggesting a smaller but somewhat self-selecting pool of transactions.

The supply picture in 76487 stands in sharp contrast to Parker County's already elevated conditions. With roughly 19.5 months of supply against the county's 10.5, the pipeline strongly favors buyers heading into the near term. Active listings hold at about 254 — proportionally high relative to the 22 pending contracts currently in queue, a ratio that signals extended absorption timelines. New listing activity continues to outpace contract formation, further widening that gap and reinforcing conditions in which buyers retain meaningful negotiating room.