Irving Home Values

For the third consecutive month, closing timelines in Irving compressed further, with recent closings settling at a median of about 20 days from contract to table, down from 26 days in the prior period. Price per square foot held near $215, based on MLS data for July 2026 closings in Irving, edging up from the low-$200s logged earlier this year. Sellers continued to recover nearly all of asking, giving back only about two cents on the dollar, while concession frequency eased to just under half of transactions, even as the typical concession size ticked up to roughly $8,000. Closings below list price slipped to about three in ten, continuing a gradual narrowing.

Pending contracts in Irving fell sharply to roughly 100 active commitments, down from close to 180 a month prior, even as new listings entered the market at a similar clip near 615. That combination, contracts thinning out faster than new pending activity replaces them, lines up with the shorter closing timelines in recent settlements. Months of supply eased slightly to just under six, a touch below Dallas County's broader pace of about six and a half months. Should pending activity keep lagging new listings, the current velocity gains could prove difficult to sustain into late summer.

The negotiation gap between list and sale prices in Irving tightened in the latest quarter, with sellers recovering nearly all of asking — just under two cents on the dollar conceded at closing, an improvement over the full-year average. Median days on market compressed to 26 days for recent closings, meaningfully faster than the 33-day pace logged across the trailing year. Concession activity remained elevated — nearly half of transactions included seller concessions averaging close to $7,800 per deal — but the rate at which buyers closed below asking dropped to roughly a third of transactions, down from four in ten over the full year. Based on MLS data for June 2026 closings in Irving, price per square foot held near $213.

A surge in transaction pace visible in recent closings appears to be drawing down the available pipeline: with roughly six months of supply at current absorption, Irving's inventory cushion has tightened from the full-year pace. Pending contracts — at 182 active commitments against 635 new listings entering the market — suggest that new supply is outpacing contract conversion by a wide margin, a condition that typically tempers velocity momentum. If new listing activity continues to outrun pending volume, the current compression in days on market may prove short-lived.

At roughly $214 per square foot, Irving's per-unit valuation has edged down slightly from the full-year average, a signal that recent closings are landing at incrementally softer terms. Roughly half of transactions closed with seller concessions — averaging near $7,200 per deal — and close to four in ten settled below the original asking price. The typical closed sale took about six weeks from contract to table, a noticeably longer runway than the market logged earlier in the year. Year-over-year, Irving values have held nearly flat, gaining just over one percent based on MLS data for May 2026 closings in Irving, suggesting price discovery has entered a period of relative equilibrium.

Irving's pipeline currently carries a moderate supply cushion — roughly seven months at the current absorption pace — which is somewhat leaner than the broader Dallas County average, where supply runs closer to eight months. Active listings have remained stable while pending activity has slowed relative to new supply entering the market, suggesting that contract conversion rates are under pressure. The extended days-on-market trend visible in recent closings appears to be continuing into the forward pipeline, pointing toward a similarly measured pace through mid-year.