78557 Housing Market Report January 2025•Hidalgo County, Texas

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Housing Prices in 78557, TX

How much do homes in 78557, 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.
$256,499$155/SqFt
-$1,499
-0.6%

Based on all homes listed in January 2025

Insight

The list price of homes in 78557 has decreased by 0.6% since December.

Summary: The median home list price in 78557 was $256,499 in January 2025, down 0.6% from the previous month, and the median price per square foot was $155.

Median List Price By City

Median List 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
78589
+2.5%
78577
+2.1%
78503
0.0%
78557
-0.6%

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.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3$248.5K$248.5K
0.0%
4$295K$287K
-2.7%
5$895K$895K
0.0%

Summary: 78557 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 did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -2.7%. The home price for 5 bedroom homes did not change.

Housing supply in 78557, TX

How many homes are available in 78557, 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
52Last MonthJan 2025
412 months agoDec 2024
+26.8 %
Change MoMDec – Jan

Summary: The 78557 real estate market had 52 homes for sale in Jan 2025, a 26.8 % 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%
200
0.0%
33341
+24.2%
4710
+42.9%
511
0.0%

Summary: 78557 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 remained the same. The inventory for 3 bedroom homes increased by +24.2%. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 78557, 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 Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in 78557, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78557 in January 2025, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for 78557, TX

How long does it take to sell a home in 78557, TX?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
97 DaysLast MonthJan 2025
90 Days1 month agoDec 2024
+7.4 %
Change MoMDec – Jan

Summary: Homes in 78557 had an average listing age of 97 days in Jan 2025, up by 7.4% compared to the previous month.

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Newest Listings in 78557, TX

What homes are available in 78557, TX?

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Nearby markets

Nearby markets aren't available for 78557, TX

Popular Cities with Homes for Sale in Texas

MLS Disclaimers and Copyright

Based on information from Greater McAllen Association of Realtors, and Rio Grande Valley MLS for the period 12/01/2024 - 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, 10:15:57 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, 10:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.