76031
Fort Worth, Texas

Fort Worth's 76031 ZIP code shows a cooling market with the median sale price settling at $272,170, down 4.4% year-over-year. Homes are spending an average of 156 days on market, more than triple the typical pace seen during peak conditions. Only 11% of properties are closing above list price, indicating sellers have limited pricing power. This deceleration marks a shift from the appreciation-driven conditions that characterized the previous cycle in this market.

These conditions favor patient buyers with financing secured and flexible timelines who can negotiate during the extended 156-day marketing period. The 89% of homes selling at or below list price creates room for offer negotiations that weren't possible when competition was stronger. Sellers facing urgent timelines will struggle in this environment, while investors seeking cash-flowing rentals rather than appreciation plays may find the 4.4% price decline has created better entry economics than eighteen months ago.

The PropIQ score of 51 signals caution, suggesting continued sideways movement rather than imminent recovery or further decline. The 156-day absorption rate indicates inventory is not clearing quickly enough to tighten supply-demand dynamics. Buyers should monitor whether days-on-market begins trending below 120 days, which would signal strengthening demand. Until transaction velocity increases and the percentage of above-list sales exceeds 20%, this market remains in equilibrium with slight buyer advantage.