#29763732, Melissa Farias, Listing Office: Empower Realty Group
78559 Housing Market Report February 2025•Cameron County, Texas
Housing Prices in 78559, TX
How much do homes in 78559, TX cost?
Housing Market Conditions
Is 78559, TX a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
78559 is a Buyer's Market
Difference Since February 2024
Since last year, 78559 has remained a Buyer's Market.
78559 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 78559 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 78559 was $230,000 in February 2025, down 1.7% from last year, and the median price per square foot was $161.
Median Sold Price By Zip Codes
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
78552 | $274.3K | $299.4K | +9.2% |
78559 | $234K | $230K | -1.7% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $69K | - | N/A |
22 Bedrooms | $109.2K | $136.5K | +25.0% |
33 Bedrooms | $240K | $223K | -7.1% |
44 Bedrooms | $234K | $268.2K | +14.6% |
55+ Bedrooms | $233K | - | N/A |
Summary: 78559 housing price by bedroom type for February 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 +25.0%. The home price for 3 bedroom homes decreased by -7.1%. The home price for 4 bedroom homes increased by +14.6%. The home price for 5 bedroom homes did not change.
How does 78559, TX compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
78559, TX
Housing supply in 78559, TX
How many homes are available in 78559, TX?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
105Last MonthFeb 2025 | ||
962 months agoJan 2025 | +9.4 % Change MoMJan – Feb |
Summary: The 78559 real estate market had 105 homes for sale in Feb 2025, a 9.4 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
9Last MonthFeb 2025 | ||
42 months agoJan 2025 | +125.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 5 | 6 | +20.0% |
33 Bedrooms | 55 | 59 | +7.3% |
44 Bedrooms | 33 | 35 | +6.1% |
55+ Bedrooms | 3 | 5 | +66.7% |
Summary: 78559 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +7.3%. The inventory for 4 bedroom homes increased by +6.1%. The inventory for 5 bedroom homes increased by +66.7%.
Asking Price vs. Sold Price
How much do homes in 78559, TX cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price7 Homes
If you're buying a home in 78559, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 78559 in February 2025, up by 125.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and and 11% were sold over asking.
Days on Market for 78559, TX
How long does it take to sell a home in 78559, TX?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days2 Homes
Most homes in 78559 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 9 homes were sold in 78559; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
118 DaysThis YearFeb 2025 | ||
199 Days1 year agoFeb 2024 | -40.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 78559 had an average listing age of 118 days in Feb 2025, down by 40.8% compared to the previous year.
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Newest Listings in 78559, TX
What homes are available in 78559, TX?
Nearby markets
Nearby markets aren't available for 78559, TX
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MLS Disclaimers and Copyright
Based on information from Rio Grande Valley MLS, and Greater McAllen Association of Realtors for the period 03/01/2023 - 03/01/2025
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: 3/14/2025, 8:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/14/2025, 8:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.