76005
Fort Worth, Texas

# Fort Worth 76005 Market Report

The 76005 ZIP code shows clear cooling with the median sale price at $520,000, down 8.0% year-over-year, marking a significant correction from previous valuations. Homes are averaging 84 days on market, indicating slower absorption than peak periods. Only 7% of properties are selling above list price, confirming reduced competition and weakened buyer urgency. This price decline coupled with extended marketing time signals a definitive shift from seller-favorable conditions that characterized the previous cycle.

These conditions favor patient buyers with financing already secured who can capitalize on the 8.0% price reduction and negotiate during the 84-day average marketing window. Cash investors seeking single-family holdings benefit from decreased competition, with 93% of homes selling at or below asking price providing clear negotiating leverage. Sellers face headwinds and should avoid this market unless circumstances require liquidation, as the data shows no pricing power or urgency from the buyer pool.

The PropIQ score of 55 signals caution, suggesting stabilization has not yet occurred and further softness remains possible. The combination of negative price momentum and elevated days-on-market warrants monitoring monthly inventory levels and any contraction in the 84-day absorption rate. Buyers should track whether the 7% above-list metric declines further, which would confirm continued weakening, while any increase toward 15-20% would indicate a potential floor formation.