Paradise Home Values

While Wise County's housing market posted a trailing median price per square foot of $196 this quarter, Paradise closed noticeably higher, a gap of roughly ten percent, based on MLS data for July 2026 closings in Paradise. The premium held even as Paradise's median sale price ran well above the county figure, continuing the divergence first flagged in May. With roughly two dozen closings this quarter, the sample argues for directional confidence rather than certainty, but sellers here are still recovering just over 96 cents on the dollar at closing, in line with the county rate, while a bit over a third of deals involved concessions, a lighter share than the nearly half of Wise County closings with seller give-backs.

The pipeline gap between Paradise and Wise County widened this quarter. Months of supply in Paradise climbed to roughly a year's worth of inventory, well above the county's near nine-and-a-half-month pace, even as active listings held around 93, a small slice of the county's much larger total. Pending contracts fell to just nine, a steeper drop than the broader county pipeline suggests, while new listings continued to outpace contract activity. The pattern points toward a slower absorption pace in Paradise than Wise County is seeing overall, a divergence that has been building since spring.

The median sale price in Paradise pulled back roughly 7% from its 12-month average, landing near $404,000 in the most recent quarter — based on MLS data for 2026-06 closings in Paradise. At $208 per square foot, the trailing figure has edged down from the $212 per square foot pace recorded over the full year, suggesting price discovery is still unfolding. Sellers are recovering just under 97 cents on the dollar at closing — a slight improvement over the annual rate — while the concession picture shifted: the share of closings with concessions held near four in ten, but the average dollar amount dropped to roughly $6,600, well below the roughly $10,000 annual average. The limited sample of about two dozen closings this quarter means these directional signals carry meaningful uncertainty.

The supply picture in Paradise remains heavily weighted toward sellers waiting rather than buyers transacting. With 92 active listings against just 12 pending contracts, the ratio of supply to near-term demand is running wide — months of supply sits near 10.6, slightly above the Wise County pace of roughly 10. New listings over the latest three-month window outpaced pending activity by nearly four to one, a pattern consistent with the absorption slowdown that has characterized this market since spring. DOM direction confirms the trend: properties are spending longer on market than they were a year ago.

Paradise, TX trades at a measurable premium to the broader Wise County market — based on MLS data for May 2026 closings in Paradise, price per square foot landed around $208, roughly $15 above the county's trailing-3-month benchmark of $193. Median sale prices in Paradise ran nearly 20% above the county figure. The limited sample of roughly two dozen closings this quarter suggests this premium persists even as sellers gave back less than four cents on the dollar at closing, a slightly tighter concession rate than the county's. About four in ten closings involved seller concessions, averaging just under $7,000 — directionally lower than the 12-month trailing average of roughly $10,000.

The pipeline picture in Paradise warrants caution about drawing firm conclusions from the current sample — with just over a dozen pending contracts against 87 active listings, supply is running well ahead of near-term demand. Months of supply sits at roughly 10, matching the county-wide pace, suggesting Paradise's slower absorption is a regional pattern rather than a local outlier. New listing activity over the past three months outpaced pending contracts by a wide margin, a ratio that directionally points toward continued buyer negotiating room heading into summer.