78521 Housing Market Report December 2024•Cameron County, Texas

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Housing Prices in 78521, TX

How much do homes in 78521, TX cost?

Housing Market Conditions

Is 78521, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

78521 is a Buyer's Market

Difference Since December 2023

At the same time last year, 78521 was a Seller's Market.

Insight

78521 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$192,300$137/SqFt
+$300
0.2%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 78521 has remained the same since last year.

Summary: The median home sold price in 78521 was $192,300 in December 2024, up 0.2% from last year, and the median price per square foot was $137.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
78578
+36.5%
78520
+8.1%
78566
+1.0%
78521
0.2%
78526
-1.9%

Median Sold Price By Bedrooms

Median Sold 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.
BedsDec 2023Dec 2024Change YoY
1$88K$95K
+8.0%
2$115K$114.7K
-0.2%
3$193K$191.6K
-0.7%
4$235K$232.4K
-1.1%
5$212.5K$202.5K
-4.7%

Summary: 78521 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +8.0%. The home price for 2 bedroom homes decreased by -0.2%. The home price for 3 bedroom homes decreased by -0.7%. The home price for 4 bedroom homes decreased by -1.1%. The home price for 5 bedroom homes decreased by -4.7%.

Housing supply in 78521, TX

How many homes are available in 78521, 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
185Last MonthDec 2024
1782 months agoNov 2024
+3.9 %
Change MoMNov – Dec

Summary: The 78521 real estate market had 185 homes for sale in Dec 2024, a 3.9 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
19Last MonthDec 2024
132 months agoNov 2024
+46.2 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
133
0.0%
21617
+6.3%
39495
+1.1%
45457
+5.6%
51113
+18.2%

Summary: 78521 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.3%. The inventory for 3 bedroom homes increased by +1.1%. The inventory for 4 bedroom homes increased by +5.6%. The inventory for 5 bedroom homes increased by +18.2%.

Asking Price vs. Sold Price

How much do homes in 78521, 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 Price3 Homes

At Asking Price7 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in 78521, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78521 in December 2024, up by 46.2% month-over-month. Of the 19 sold homes, 47% were sold under asking, 37% were sold at asking, and and 16% were sold over asking.

Days on Market for 78521, TX

How long does it take to sell a home in 78521, TX?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days8 Homes

Over 90 Days10 Homes

Insight

Most homes in 78521 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 19 homes were sold in 78521; 5% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
109 DaysThis YearDec 2024
79 Days1 year agoDec 2023
+37.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 78521 had an average listing age of 109 days in Dec 2024, up by 37.9% compared to the previous year.

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Newest Listings in 78521, TX

What homes are available in 78521, TX?

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Nearby markets aren't available for 78521, TX

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MLS Disclaimers and Copyright

Based on information from Rio Grande Valley MLS, Greater McAllen Association of Realtors, San Antonio Board of REALTORS MLS, and South Texas MLS for the period 01/01/2023 - 01/01/2025

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: 2/1/2025, 1:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/1/2025, 1:15:56 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: 2/1/2025, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on Information provided by South Texas MLS, LLC ©2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial 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: 2/1/2025, 1:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.