78559 Housing Market Report January 2025•Cameron County, Texas

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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?

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

78559 is a Buyer's Market

Difference Since January 2024

Since last year, 78559 has remained a Buyer's Market.

Insight

78559 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.
$220,000$155/SqFt
-$14,250
-6.1%

Based on all homes sold in the last 12 months

Insight

Homes in 78559 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 78559 was $220,000 in January 2025, down 6.1% from last year, and the median price per square foot was $155.

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
78552
+7.3%
78559
-6.1%

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.
BedsJan 2024Jan 2025Change YoY
1$69K-
N/A
2$109.2K$136.5K
+25.0%
3$240.4K$220K
-8.5%
4$233.5K$290K
+24.2%
5$234.5K$210K
-10.4%

Summary: 78559 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 +25.0%. The home price for 3 bedroom homes decreased by -8.5%. The home price for 4 bedroom homes increased by +24.2%. The home price for 5 bedroom homes decreased by -10.4%.

Housing supply in 78559, TX

How many homes are available in 78559, 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
106Last MonthJan 2025
902 months agoDec 2024
+17.8 %
Change MoMDec – Jan

Summary: The 78559 real estate market had 106 homes for sale in Jan 2025, a 17.8 % increase compared to Dec 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
2Last MonthJan 2025
42 months agoDec 2024
-50.0 %
Change MoMDec – Jan

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%
256
+20.0%
35361
+15.1%
43036
+20.0%
523
+50.0%

Summary: 78559 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 +20.0%. The inventory for 3 bedroom homes increased by +15.1%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in 78559, 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 Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in 78559, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 78559 in January 2025, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% 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 Days0 Home

Over 90 Days2 Homes

Insight

Most homes in 78559 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 2 homes were sold in 78559; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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
187 DaysThis YearJan 2025
34 Days1 year agoJan 2024
+450.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 78559 had an average listing age of 187 days in Jan 2025, up by 450.0% compared to the previous year.

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Newest Listings in 78559, TX

What homes are available in 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 02/01/2023 - 02/01/2025

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: 2/7/2025, 11:45:56 PM 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: 2/7/2025, 11:45:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.