78577 Housing Market Report February 2025•Hidalgo County, Texas

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Housing Prices in 78577, TX

How much do homes in 78577, TX cost?

Housing Market Conditions

Is 78577, 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

78577 is a Buyer's Market

Difference Since January 2025

Last month, 78577 has remained a Buyer's Market.

Insight

78577 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.
$228,000$143/SqFt
+$15,500
+7.3%

Based on all homes sold in February 2025

Insight

Homes in 78577 have sold for 7.3% more than they did a month ago.

Summary: The median home sold price in 78577 was $228,000 in February 2025, up 7.3% from last month, and the median price per square foot was $143.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
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 MoM
78577
+7.3%
78589
+3.4%
78501
-12.5%
78503
-31.6%
78557
-39.2%

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 2025Feb 2025Change MoM
1--
N/A
2$178.5K$182.1K
+2.0%
3$222.5K$205K
-7.9%
4$203K$345K
+70.0%
5--
N/A

Summary: 78577 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.0%. The home price for 3 bedroom homes decreased by -7.9%. The home price for 4 bedroom homes increased by +70.0%. The home price for 5 bedroom homes did not change.

How does 78577, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

78577, TX

Housing supply in 78577, TX

How many homes are available in 78577, 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
199Last MonthFeb 2025
1662 months agoJan 2025
+19.9 %
Change MoMJan – Feb

Summary: The 78577 real estate market had 199 homes for sale in Feb 2025, a 19.9 % increase compared to Jan 2025.

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
10Last MonthFeb 2025
122 months agoJan 2025
-16.7 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
122
0.0%
22432
+33.3%
392111
+20.7%
44348
+11.6%
556
+20.0%

Summary: 78577 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 +33.3%. The inventory for 3 bedroom homes increased by +20.7%. The inventory for 4 bedroom homes increased by +11.6%. The inventory for 5 bedroom homes increased by +20.0%.

Asking Price vs. Sold Price

How much do homes in 78577, 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 Price3 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in 78577, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 78577 in February 2025, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and and 30% were sold over asking.

Days on Market for 78577, TX

How long does it take to sell a home in 78577, TX?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
0 DaysLast MonthFeb 2025
124 Days1 month agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: Homes in 78577 had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous month.

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Newest Listings in 78577, TX

What homes are available in 78577, TX?

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Nearby markets

Nearby markets aren't available for 78577, TX

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MLS Disclaimers and Copyright

Based on information from Greater McAllen Association of Realtors, Rio Grande Valley MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2025 - 03/01/2025

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: 3/13/2025, 8:15:56 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: 3/13/2025, 8:15:57 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: 3/13/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.