76071 Home Values

The 76071 corridor running through Newark and Rhome sits at the outer edge of DFW's northwest sprawl. Chisholm Springs anchors the subdivision side with mid-2000s brick-and-stone two-stories. Step past the subdivisions and the landscape shifts to older ranch houses and manufactured homes on one-to-two-acre tracts with detached shops. A handful of brand-new 2025-2026 construction is popping up on infill lots inside Northwest ISD boundaries.

Price per square foot in 76071 climbed to roughly $199 in the most recent quarter — a meaningful step above the trailing annual average of $179 — while the median sale landed near $424,000, based on MLS data for spring closings in 76071. The limited sample of roughly two dozen transactions this quarter adds uncertainty to that signal, but the directional shift is clear: sellers are achieving slightly better pricing relative to list, with the list-to-sale ratio holding near 98 cents on the dollar. Concession activity was present in more than half of closings, with sellers contributing roughly $11,000 per transaction on average — somewhat more than the annual norm.

The pipeline picture in 76071 tells a more cautious story. Pending contracts dropped to just 12 in the trailing quarter — well below the annual average — even as active inventory held steady near 53 homes and new listing volume remained active. With roughly 8 months of supply and a pending-to-active ratio near one in four, absorption has slowed noticeably. Compared to Wise County's broader pipeline, where pending contracts represent a similar thin fraction of active stock, 76071's contraction appears consistent with countywide softening rather than a localized anomaly.