76073 Home Values

Paradise lives up to its name if your idea of home involves mature oaks, gravel drives, and enough room for a shop out back. The housing stock is overwhelmingly single-story custom builds on one-to-five-acre parcels. Newer subdivisions like Windmill Ridge and Lucky Ridge Estates are introducing half-acre lots with builder-grade finishes. Everything feeds into the A-rated Paradise ISD.

Days on market in 76073 stretched to roughly 10 weeks at closing in the latest quarter, a notable lengthening from the 60-day pace recorded over the prior year — a directional signal that the limited sample of 25 closings supports, though not definitively. Based on MLS data for the trailing-3-month period in 76073, the typical closed transaction settled at roughly $208 per square foot, modestly below the 12-month running rate. Sellers gave back just over three cents on the dollar at closing, and with no closings occurring above list, buyers in this zip code held the upper hand at the negotiating table. Year-over-year prices remain positive across the broader trailing window.

With only a dozen pending contracts against 85 active listings, 76073 is carrying a thin absorption pipeline against roughly 10 months of supply at the trailing pace. New listing activity added about 42 homes over the quarter while pendings contracted sharply from the year-long baseline, widening the absorption gap heading into summer. The directional data suggests softening demand conditions consistent with what Wise County is experiencing broadly, but the limited pending count warrants watching over the next 60 to 90 days before drawing strong conclusions.