76059 Home Values

Keene is a small college town built around Southwestern Adventist University. The established core near Hillcrest has mid-century brick ranches on generous lots. But the real story is on the edges, where D.R. Horton's Canyons subdivision and Lennar's Ashton Home Place are pumping out single-story builds on tight lots. Older duplexes and rental conversions near the university serve the student population.

Price per square foot in 76059 landed near $155 in the most recent quarter, running roughly nine percent below Johnson County's $171 benchmark — a discount that persisted even as the zip's supply dynamic diverged sharply from the broader county. Based on MLS data for 2026-05 closings in 76059, sellers conceded on roughly eight in ten transactions, giving back nearly four cents on the dollar at closing with average concessions approaching $5,800. No closings cleared the list price in the period, and nearly seven in ten buyers settled below asking — a seller-concession pattern that stands in contrast to the zip's comparatively tight inventory position relative to Johnson County.

Where Johnson County carried roughly ten months of supply heading into mid-2026, the 76059 pipeline registered closer to five — a meaningful divergence that has not yet translated into stronger seller pricing power. Active listings held steady at 45 homes while pending contracts numbered just 13, against 21 new listings entering the market over the quarter. The gap between new supply and pending activity suggests absorption in 76059 remains sluggish despite the county-relative tightness, a tension worth watching as the summer listing season develops.