76248
Fort Worth, Texas

The 76248 ZIP code recorded a median sale price of $637,250 as of February 2026, reflecting a modest 3.2% year-over-year appreciation that trails national suburban averages. Homes are spending 59 days on market, indicating neither urgency nor stagnation in transaction velocity. Only 12% of properties sold above asking price, a significant decline from the competitive bidding environment seen in 2021-2022, suggesting sellers now hold diminished pricing power in negotiation dynamics.

This market configuration favors patient buyers with financing secured and flexible timelines, as the 59-day average DOM provides adequate due diligence windows without competitive pressure. The 12% above-list metric means 88% of transactions close at or below asking, creating room for offer negotiation that didn't exist during peak appreciation periods. Sellers with equity established before 2023 can still exit profitably given the 3.2% annual gain, though those who purchased within the last 18 months face compressed margins after transaction costs.

The PropIQ score of 65 signals caution rather than distress, indicating underlying fundamentals require monitoring as appreciation decelerates from previous years' double-digit rates. Inventory absorption rates and the percentage of homes requiring price reductions will determine whether this market stabilizes at current levels or experiences further cooling. The sub-70 score suggests buyers should verify employment growth and new construction pipelines in surrounding Fort Worth submarkets before committing at these price points.