76023 Home Values

The 76023 zip sprawls across rural Wise County, anchored by Boyd and Newark. Housing splits into two camps: production new-builds from D.R. Horton in master-planned communities like Springhill South and Vista Park, and older homesteads on one-to-fifty-acre parcels with 1970s-era brick farmhouses. The new construction is mostly single-story and two-story plans running 1,300 to 2,500 square feet on compact lots.

Buyers in 76023 extracted meaningful concessions from sellers in the most recent quarter, based on MLS data for 2026-05 closings in 76023. Three in four closed transactions included a seller concession — a rate noticeably above the trailing annual average — with sellers giving back roughly $8,300 on average at closing. More than half of homes sold below their final asking price, and sellers received about 96.7 cents on the dollar overall. With a directional sample of roughly 40 closings this quarter, price signals carry some uncertainty, but the data points toward a market where buyer negotiating leverage is measurably present. Price per square foot held steady around $180, while the median sale price settled near $305,000.

The pipeline in 76023 reinforces the buyer-favorable conditions visible in closed data. With roughly nine and a half months of supply and active listings outpacing pending contracts by more than five to one, absorption has slowed meaningfully. New listing volume continued to outpace contract activity in the quarter, keeping the supply gap wide heading into summer. The limited pending count — about 25 contracts against 127 active listings — suggests near-term conditions are unlikely to tighten quickly.