76487 Home Values

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.

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.