78586 Housing Market Report February 2025•Cameron County, Texas

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Housing Prices in 78586, TX

How much do homes in 78586, TX cost?

Housing Market Conditions

Is 78586, 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

78586 is a Buyer's Market

Difference Since February 2024

At the same time last year, 78586 was a Neutral Market.

Insight

78586 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.
$222,500$148/SqFt
+$5,150
+2.4%

Based on all homes sold in the last 12 months

Insight

Homes in 78586 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 78586 was $222,500 in February 2025, up 2.4% from last year, and the median price per square foot was $148.

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 YoY
78552
+9.2%
78586
+2.4%
78575
+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.
BedsFeb 2024Feb 2025Change YoY
1-$87.9K
N/A
2$99.5K$130K
+30.6%
3$225K$222K
-1.3%
4$265K$285K
+7.5%
5$188.5K$199.9K
+6.1%

Summary: 78586 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 +30.6%. The home price for 3 bedroom homes decreased by -1.3%. The home price for 4 bedroom homes increased by +7.5%. The home price for 5 bedroom homes increased by +6.1%.

How does 78586, TX compare with other places?

Market comparison tool

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

78586, TX

Housing supply in 78586, TX

How many homes are available in 78586, 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
168Last MonthFeb 2025
1532 months agoJan 2025
+9.8 %
Change MoMJan – Feb

Summary: The 78586 real estate market had 168 homes for sale in Feb 2025, a 9.8 % 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
16Last MonthFeb 2025
112 months agoJan 2025
+45.5 %
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
100
0.0%
21921
+10.5%
39499
+5.3%
42836
+28.6%
51212
0.0%

Summary: 78586 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 +10.5%. The inventory for 3 bedroom homes increased by +5.3%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 78586, 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 Price1 Home

Under Asking Price12 Homes

Insight

If you're buying a home in 78586, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 78586 in February 2025, up by 45.5% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and and 19% were sold over asking.

Days on Market for 78586, TX

How long does it take to sell a home in 78586, TX?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days4 Homes

Over 90 Days8 Homes

Insight

Most homes in 78586 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 16 homes were sold in 78586; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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
168 DaysThis YearFeb 2025
96 Days1 year agoFeb 2024
+74.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 78586 had an average listing age of 168 days in Feb 2025, up by 74.7% compared to the previous year.

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Newest Listings in 78586, TX

What homes are available in 78586, TX?

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Nearby markets aren't available for 78586, TX

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MLS Disclaimers and Copyright

Based on information from Rio Grande Valley MLS, Greater McAllen Association of Realtors, and San Antonio Board of REALTORS MLS for the period 03/01/2023 - 03/01/2025

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: 3/14/2025, 12:15:56 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: 3/14/2025, 12:15:56 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: 3/14/2025, 12:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.