In September 2026, Argyle had 113 single-family homes on the market and only eight went under contract. So why did the eleven homes that closed that month sell for 96.1% of their list price?
That number comes from the NTREIS MLS Summary Report for September 2026, which Texas A&M's Real Estate Research Center published on October 7. If you're weighing Argyle against nearby towns this fall, it helps to read those two figures together. They point to one Argyle market with two kinds of listings: homes priced to sell, and homes that have been sitting. On top of that, Town Hall has just slowed the pace at which new homes can be added.
How Argyle compared with its neighbors in September
Here's how Argyle's single-family numbers lined up against two nearby towns and the county in September 2026.
| September 2026 | Argyle | Northlake | Flower Mound | Denton County |
|---|---|---|---|---|
| Closed sales | 11 | 22 | 58 | 1,050 |
| Median price | $665,000 | $550,475 | $638,000 | $420,990 |
| Sold-to-list ratio | 96.1% | 95.3% | 93.5% | 93.7% |
| Days on market | 83 | 69 | 50 | 67 |
| Active listings | 113 | 137 | 249 | n/a |
| Pending sales | 8 | 18 | 50 | n/a |
| Months of inventory | 8.2 | 5.9 | 3.2 | 4.5 |
The same report ranks DFW cities by a "hotness ratio," which is pending sales as a share of active listings. In September, Flower Mound scored 20.1 and Northlake 13.1. Argyle scored 7.1, which put it on the last page of the ranking, next to Prosper, Lavon and Celina.
The change over the year is bigger than any single month. In September 2025, Argyle had 66 active listings, a 37-day average time on market and 4.8 months of inventory. One year later, it had 113 listings, 83 days and 8.2 months. The median closed price rose over the same stretch, from $588,000 to $665,000, and the sold-to-list ratio went up from 92.9% to 96.1%.
What the backlog is made of
Argyle added 29 new listings in September 2026 and ended the month with 113 active. That means at least 84 of those homes were already on the market before September began. With only eight pending, most of those older listings got another month without an accepted offer.
The homes that do close are a select group. They're the listings buyers saw as worth the asking price, and that's why the sold-to-list ratio stays high. The homes still sitting help push up the inventory and days-on-market numbers. They don't show up in the median price, because a home has to sell before it counts toward the median.
Keep the sample size in mind. Eleven sales is a small number, and one month can swing a lot. In August 2026, Argyle closed 26 single-family homes at a 91.0% sold-to-list ratio, 93 days on market and a $682,500 median. The 96.1% in September is one data point. Still, 110 to 113 active listings in both months and 8.0 to 8.2 months of inventory make a steady pattern.
Three other things affect how to read Argyle's MLS numbers:
- The report combines new and existing homes sold through the MLS, and it leaves out builder sales that never went through NTREIS.
- The public city table doesn't separate new construction from resale homes, and it doesn't break out individual communities. Texas A&M publishes the more detailed splits only to Realtors.
- Land sells even more slowly. In September, Argyle had 27 active land listings, one land sale and 27.0 months of inventory.
The resale listings are competing with model homes
Older Argyle listings are also competing with builders who have different tools to win buyers. A resale seller can lower the price. A builder can pay down the buyer's interest rate.
The newest competitor is close by. Furst Ranch scheduled its "Puttin' Down Boots" grand opening for Saturday, October 17, at 2017 Tupelo Trail, Argyle, TX 76226, with model homes from nine builders. The developer markets Furst Ranch as a Flower Mound community, even though the event address uses an Argyle mailing address. Its first neighborhood, High Plains, lists builders including Ashton Woods, Coventry Homes, David Weekley Homes, Drees Custom Homes, Highland Homes, Partners in Building, Shaddock Homes, Toll Brothers and Tradition Homes. Starting prices run from Coventry's mid-$500,000s up to $1.2 million for Partners in Building. The developer also lists Prairie Vista and Cross Timbers as future phases.
Two other Argyle-addressed communities sit lower in price. M/I Homes lists Sagebrook from $358,990, with a new phase marked "coming soon," and Vintage Village from $396,990. Both advertise a 2/1 buydown with a first-year FHA rate as low as 3.25% and a 6.036% APR. Canyon Falls, which spans Argyle, Flower Mound and Northlake, describes itself as reaching maturity. Chesmar is building in Deer Run from the mid-$700,000s and Windmiller in Hawthorne from the $770,000s.
When a buyer can get a low first-year rate on a brand-new house a few miles away, a resale home priced off last spring's comps has to compete with that monthly payment, not only with the home down the street. That helps explain why so many listings have been sitting.
Why the backlog may not last
On September 21, 2026, the Argyle Town Council approved a 90-day development moratorium along FM 407, from I-35W to Hwy 377, according to the Cross Timbers Gazette. Starting the next day, the town stopped accepting new plats, construction plans, building permits and other development requests in that area.
The Gazette reported that the moratorium will mostly affect commercial projects but could also affect some residential development. Projects already in the approval process can continue. The same report says a 198-home residential development can finish its infrastructure but can't get permits for the homes until the moratorium ends. The Gazette doesn't name that project.
Ninety days from the start date runs to about the third week of December. The Gazette's reporting lays out what the town intends after that:
- The town plans to request extensions until Denton County completes the FM 407 Breakout Project, which will widen FM 407 to six lanes from Gateway Drive in Argyle to Cleveland-Gibbs Road in Northlake.
- That project is expected to let in March 2027, and no construction start date has been set.
- Argyle has done this before. In 2020, the town imposed a moratorium in nearly the same area over the same traffic concerns.
Extensions are something the town plans to request, not something already granted, so how long the pause lasts is still an open question. While it's in effect, at least one 198-home development along the FM 407 corridor can't start building houses, even as today's MLS carries a large backlog.
Where a buyer has room to negotiate this fall
Leverage in Argyle depends on the listing. A home that went up in late September and looks priced right sits in the group that's still closing near 96% of list. A home that has been on the market through the summer is part of the backlog. Its seller has watched pendings stay in single digits and is now competing with Furst Ranch models and M/I buydowns.
The moratorium matters more if you're thinking about next year. Builders already active in Argyle-addressed communities will keep selling homes that were permitted before the pause. New permits along FM 407 won't come until the town lifts it. If the backlog of older listings sells down this winter and spring while the pause is extended, buyers could have less leverage than they do today. If you're comparing a builder's rate buydown with a price cut on a resale home, treat this as general information rather than financial or legal advice. A lender can show you how each option affects your own payment.
FAQ
Does the NTREIS "Argyle" figure include new construction? It includes new homes only when they're sold through the MLS. Builder sales outside NTREIS aren't counted, and the public table doesn't separate new homes from resale.
Does the moratorium affect renovations on an existing home? According to the Cross Timbers Gazette, Town Manager Mike Sims said homeowners can still do projects like pools, remodels and fence replacement. If you're planning a specific project, check with the Town of Argyle first.
Is Argyle's 8.2 months of inventory typical for the area? Not in September 2026. The Denton County figure was 4.5 months, Northlake's was 5.9 and Flower Mound's was 3.2.
If you own a home in Argyle and want to know which group your house would fall into, the listings that sell or the ones that sit, Miranda Realty Team will look at your home alongside this fall's closed sales and the new-construction prices you'd be competing with. That way you can set a price that fits this market. Get Your Free Home Valuation, and let's talk about your timing before the next round of listings comes on.
