76118 Home Values

76118 splits cleanly into two housing worlds. The northern half is classic Richland Hills -- 1950s ranch homes on oversized lots, many backing to mature canopy, all feeding into Birdville ISD. Head south and east and the landscape shifts to the Lakes of River Trails master-planned community, where late-1990s to mid-2000s two-story brick homes line cul-de-sacs in HEB ISD. New construction from Our Country Homes is still actively building.

The sharpest signal in the most recent quarter's closed sales for 76118 is a notable compression in concession activity — down from nearly six in ten transactions over the trailing year to roughly four in ten, based on MLS data for 2026-05 closings in 76118. List-price capture tightened alongside that shift, with sellers recovering close to 99 cents on the dollar at closing. Price per square foot came in near $198, above the Tarrant County benchmark by a meaningful margin, and the median sale price landed near $367K — above the trailing-year average. Days on market at close came in around 29 days. The limited sample of roughly four dozen closings suggests these as directional signals, not definitive benchmarks, but they point consistently toward sellers holding firmer footing at the negotiating table this quarter.

The pipeline in 76118 shows supply accumulating modestly relative to pending demand — with roughly 21 pending contracts against 57 active listings and approximately 60 new listings entering the market in the most recent period. At about 3.9 months of supply, the zip sits meaningfully tighter than Tarrant County's roughly five months, suggesting near-term conditions in 76118 remain more competitive than the broader county average. New listing activity has not yet generated a sustained supply overhang, and the pending-to-active ratio continues to favor sellers heading into the next cycle.