76240 Home Values

Gainesville's 76240 runs two parallel housing markets. Inside the gates of Lake Kiowa, golf-course frontage homes and lakeside properties draw retirees and weekenders. Outside the gates, Riverside Homebuilders' Liberty Point subdivision fills with affordable new construction, and older brick ranches line established neighborhoods near downtown.

The negotiation gap in 76240 tilted clearly toward buyers in the latest quarter: more than half of closed transactions settled below list price, with sellers conceding roughly four cents on the dollar at closing on average. Based on MLS data for May 2026 closings in 76240, price per square foot came in around $179 — directionally softer than the trailing annual average — while homes that did close spent roughly 73 days on market. The limited sample of 74 quarterly closings suggests these trends are directional rather than definitive, but the concession rate of nearly four in ten transactions with buyer-side credits points to consistent seller accommodation.

The pipeline in 76240 signals continued buyer advantage heading into summer. With roughly 16 and a half months of supply on the market — above both the four-month equilibrium threshold and Cooke County's already-elevated county-wide pace — the active listing count substantially outweighs pending contracts. New listing activity continues to replenish a market where pending volume remains thin relative to the available pool, suggesting that absorption pressure is unlikely to ease materially in the near term.