78516 Housing Market Report January 2025•Hidalgo County, Texas

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Housing Prices in 78516, TX

How much do homes in 78516, TX cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$244,999$158/SqFt
+$5,999
+2.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 78516 has increased by 2.5% since last year.

Summary: The median home list price in 78516 was $244,999 in January 2025, up 2.5% from the previous year, and the median price per square foot was $158.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$64.9K$171.5K
+164.3%
3$229K$244.9K
+7.0%
4$269.9K$325K
+20.4%
5-$722.5K
N/A

Summary: 78516 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +164.3%. The home price for 3 bedroom homes increased by +7.0%. The home price for 4 bedroom homes increased by +20.4%. The home price for 5 bedroom homes did not change.

Housing supply in 78516, TX

How many homes are available in 78516, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
114Last MonthJan 2025
912 months agoDec 2024
+25.3 %
Change MoMDec – Jan

Summary: The 78516 real estate market had 114 homes for sale in Jan 2025, a 25.3 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
21318
+38.5%
35671
+26.8%
41720
+17.6%
555
0.0%

Summary: 78516 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +38.5%. The inventory for 3 bedroom homes increased by +26.8%. The inventory for 4 bedroom homes increased by +17.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 78516, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in 78516, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 78516 in January 2025, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.

Days on Market for 78516, TX

How long does it take to sell a home in 78516, TX?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
147 DaysThis YearJan 2025
350 Days1 year agoJan 2024
-58.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 78516 had an average listing age of 147 days in Jan 2025, down by 58.0% compared to the previous year.

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Newest Listings in 78516, TX

What homes are available in 78516, TX?

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Nearby markets

Nearby markets aren't available for 78516, TX

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MLS Disclaimers and Copyright

Based on information from Greater McAllen Association of Realtors, North Texas Real Estate Information Systems Inc., Rio Grande Valley MLS, and San Antonio Board of REALTORS MLS for the period 02/01/2023 - 02/01/2025

Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/12/2025, 8:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/12/2025, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part of Rio Grande Valley MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Rio Grande Valley MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/12/2025, 8:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2025 San Antonio Board of Realtors®. All Rights Reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/12/2025, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.