76487 Home Values

Stretching to a median of 93 days on the market this quarter, homes in 76487 are taking longer to sell than the 88-day median recorded over the trailing 12 months — and far outpacing the 43-day median across Parker County as a whole. Based on MLS data for 2026-08 closings in 76487, the 60 transactions recorded put the zip in moderate-volume territory — enough for directional confidence, short of a full standalone read. Concessions kept climbing, touching more than four in ten closings and extending a rise that began in July. Sellers still collected close to 97 cents on the dollar, largely unchanged all year, while price per square foot eased further to about $217, continuing a two-month slide.

New listings kept arriving in 76487 well above the trailing 12-month pace this quarter, widening the gap against pending contracts, which thinned to just 5 — down from 13 a month earlier and among the lowest readings of the year. Active inventory held flat near its annual average, and months of supply eased to about 13, still nearly double the 8-month reading across Parker County, a gap that keeps ample room in buyers' favor even as contract activity pulls back.

Concessions crept back into well over a third of closings across 76487 this quarter, reversing last month's dip and signaling sellers are again giving ground to close deals. Based on MLS data for 2026-07 closings in 76487, roughly one in four transactions carried a seller concession as recently as last month; that share has since climbed past one in three, even as sellers still walked away with close to 97 cents on the dollar, a figure that has barely budged all year. Price per square foot eased to about $219, pulling back from last month's uptick and landing just under the trailing annual average. Barely one in fifty sales closed above list, underscoring how little pricing leverage sellers currently hold.

Pending contracts in 76487 fell to just 13 this quarter, less than half last month's pace, complicating any read that seller leverage might stabilize soon. Active inventory held flat near 300, widening an already lopsided ratio against that thinning contract activity. New listings arrived at nearly double the trailing 12-month monthly clip, adding fresh supply just as pending activity pulled back. Months of supply eased only modestly from last month's stretched level, leaving the broader absorption picture in 76487 with little near-term room for sellers to recover the ground they gave up this quarter.

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.