76051 Home Values

Grapevine's 76051 is a patchwork of established neighborhoods, from mid-century cottages steps off Main Street to 1990s cul-de-sac communities backing up to Parr Park and Bear Creek trails. North of town, streets dead-end near Grapevine Lake where ranch-style homes sit under heavy tree canopy. Carroll ISD and GCISD boundaries split the zip, and that school line shapes where families land.

The negotiation gap between list and sale prices in 76051 compressed sharply in the latest quarter, with homes selling for nearly 99 cents on the dollar on average — a notable step up from the annual norm. Based on MLS data for 2026-05 closings in 76051, transactions cleared at roughly $267 per square foot, with a median sale price near $603,000. Homes moved at a median of 12 days, well under half the annual pace. Seller concessions rose to cover more than half of closed deals, yet fewer buyers landed below ask — pointing to a market where sellers are proactively sweetening terms to sustain pace rather than being forced to negotiate down.

New listing activity in 76051 is running well ahead of pending contracts, with roughly 170 new listings entering the market against 64 pending deals in the latest three-month window — a ratio that is widening the available supply gap. Active inventory held steady at 137 homes, and months of supply sits near 3.6, still in seller-leaning territory. The current listing pace relative to absorption suggests near-term supply will continue building modestly, though the market's demonstrated velocity makes a significant inventory overhang unlikely in the near term.