76016
Fort Worth, Texas

Fort Worth's 76016 ZIP code shows a contracting market with a median sale price of $339,000, down 1.0% year-over-year as of February 2026. Homes are averaging 77 days on market, indicating slower absorption rates than peak periods. Only 20% of properties are selling above list price, signaling diminished buyer competition and a shift from the seller-dominated conditions that characterized previous years. This modest price decline combined with extended marketing times reflects a recalibration phase.

This environment favors patient buyers with financing secured and flexible closing timelines. The 77-day average DOM creates negotiating leverage that didn't exist when properties moved in under 30 days. Investors seeking cash-flowing rental properties may find better entry points given the 1.0% price retreat, though returns depend on specific property condition and rental demand. Sellers face headwinds unless priced competitively from initial listing, as the 20% above-list ratio suggests most transactions occur at or below ask.

The PropIQ score of 60 signals caution rather than immediate distress or strong appreciation potential. This neutral-bearish reading suggests watching employment data in the Fort Worth metro area and mortgage rate trends through Q2 2026 for directional clarity. If days-on-market extends beyond 90 and the above-list percentage drops below 15%, further price compression becomes probable. Current conditions indicate stabilization rather than rapid movement in either direction.