Godley Home Values

Price per square foot in Godley reached roughly $182 in the trailing quarter, based on MLS data for July 2026 closings in Godley, up from the $170s range that had held for the two months prior. The rebound arrived alongside a third consecutive month of quicker turnarounds at the closing table, with the median sale now taking about 91 days, down from 106 in June and 116 in May. Sellers continued to concede ground on price — just over half of the quarter's 109 closings included concessions, and roughly two in three sold below the original list — yet the median sale price climbed to near $443K, up close to $30,000 from June.

Pending contracts in Godley thinned sharply this quarter, falling to roughly two dozen from around 56 in June even as new listings continued arriving at a steady clip near 163. That widening gap between fresh supply and signed contracts pushed months of supply to about seven and a half — still well past the four-month threshold that typically favors buyers — while active inventory held essentially flat near 273 homes. The contraction in pending activity complicates the faster closing pace showing up in completed sales, hinting that the recent acceleration may not carry into the fall.

While Johnson County as a whole closed the latest quarter with homes selling in roughly two months, Godley transactions took nearly twice as long — about 106 days at the median — underscoring a distinct demand profile within the county, based on MLS data for June 2026 closings in Godley. Price per square foot came in near $173, essentially matching the county benchmark of $172, yet the median closed sale in Godley landed near $412K — roughly $79K above the countywide figure — reflecting a product mix skewed toward larger homes rather than stronger relative demand. Sellers here surrendered more at the negotiating table than their county counterparts: the list-to-sale ratio settled near 93.6 cents on the dollar, compared to roughly 96 cents countywide. Nearly seven in ten Godley closings settled below list, and concessions appeared in about six in ten transactions.

The pipeline in Godley presents a mixed near-term picture. Active inventory held at roughly 280 homes while pending contracts stood near 56 — a ratio that implies an absorption pace well below what Johnson County is sustaining broadly, where pending counts relative to active inventory run considerably tighter. New listings entering the Godley market over the quarter numbered around 150, comfortably outpacing pending activity and suggesting the supply gap is not narrowing quickly. With months of supply near 7.1 — modestly above the countywide 6.7 — conditions remain buyer-favorable, though the gap to the county benchmark has narrowed from the prior quarter's wider spread.

Days on market in Godley stretched to roughly 116 days among the most recent closings — up from about 96 days over the full trailing year — signaling a meaningful deceleration in transaction pace, based on MLS data for May 2026 closings in Godley. Price per square foot came in around $172, down from approximately $183 over the prior 12-month window, with the median closed sale landing near $422K. Nearly three in four sellers accepted offers below list, and sellers received about 93 cents on the dollar at closing. Concessions appeared in roughly six in ten transactions, consistent with the broader annual pattern.

The pipeline in Godley shows a pronounced absorption gap: new listings entering the market outpaced pending contracts by a wide margin over the most recent quarter, with roughly 135 new listings against only about 52 pending contracts. Active inventory held steady at around 260 homes. With supply hovering near eight months — well into buyer-favorable territory — and days on market trending higher, the near-term conditions favor buyers waiting out extended listing timelines.