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Featured local agent — Hearne, TX
Sarah Mitchell
Compass Real Estate · Hearne, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hearne, TX Housing Market
The typical home in Hearne, TX is worth $174,713, held roughly flat 0.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $229,000, -11.9% year over year (through May 2026). With 24.0 months of supply and homes going under contract in about 214 days, Hearne is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $174,713 home is about $933/mo in principal and interest.
Key numbers for Hearne, TX
Typical home value
$174,713
+0.1% in 12 months
Zillow, August 2026
Median sale price
$229,000
-11.9% year over year
Redfin, through May 2026
Days on market
214
Slow-moving
Redfin, through May 2026
Active listings
24
24.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$30,938
Home costs 5.6x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Hearne a buyer's or seller's market?
Hearne, TX is a buyer's market, based on 24.0 months of supply and homes selling in about 214 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Hearne housing market data show?
Every row below is Redfin's final published month for Hearne, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $229,000 |
| Median list price | $196,500 |
| Year-over-year price change | -11.9% |
| Median price per sq ft | $118/sq ft |
| Median days on market | 214 days |
| Active inventory | 24 listings |
| Months of supply | 24.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 6 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Hearne is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Hearne is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Hearne home prices moved?
Over the last three years the median sale price in Hearne, TX rose 30.9%, from $175,000 to $229,000. The live Zillow value series has held roughly flat 0.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Hearne listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Hearne?
Priced off the typical home value of $174,713 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $34,943 | $139,771 | $933/mo |
| 5% | $8,736 | $165,978 | $1,108/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $933, that implies roughly $39,974 a year before you add taxes and insurance. The median household in Hearne earns $30,938, about $9,036 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Hearne in the next 12 months?
Tell us your timeline. We send the Hearne market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Hearne?
Zillow does not publish a rent index (ZORI) for Hearne, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Hearne?
Active listings in Hearne, TX went from 29 in March 2025 to 24 in May 2026, a -17.2% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 27 | 4 |
| May 2025 | 25 | 3 |
| June 2025 | 25 | 4 |
| July 2025 | 26 | 5 |
| August 2025 | 25 | 4 |
| September 2025 | 27 | 7 |
| November 2025 | 23 | 2 |
| December 2025 | 21 | 6 |
| January 2026 | 25 | 6 |
| March 2026 | 29 | 7 |
| April 2026 | 23 | 2 |
| May 2026 | 24 | 6 |
Redfin, through May 2026
How does Hearne compare to Texas and the U.S.?
Hearne homes sell for $229,000 — 36% below the Texas median of $356,100. Against the national median of $410,700, Hearne runs 44% lower. Year-over-year, Hearne moved -11.9% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Hearne, TX | $229,000 | -11.9% | 214 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Hearne
What buyers should watch
- Months of supply, currently 24.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $175 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $174,713 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Hearne listing goes under contract in 214 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Hearne added 6 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Hearne varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Hearne
There are currently 24 homes listed for sale in Hearne, Texas. The median listing price is $197K.
Active listings
24
Homes on market
Median list price
$197K
Avg. days on market
214
Days until sale
New this week
6
Newly listed
How much do homes cost in Hearne by property type?
How the Hearne, TX market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $229,000 | $118/sq ft | 1 | 214 days |
Who lives in Hearne?
American Community Survey estimates for Hearne. U.S. Census ACS, 2023
Population
4,529
Households
1,696
Median income
$30,938/yr
Median age
33.7 years
Owner-occupied
54.0%
Median home value
$90,200
Median gross rent
$639/mo
Mean commute
20.1 min
54.0% of occupied homes in Hearne are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $90,200 against Zillow's $174,713 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Hearne?
2 schools tracked · 764 students
The largest public schools serving Hearne, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HEARNE EL
Grades PK-6 · 405 students
HEARNE JH/HS
Grades 7-12 · 359 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hearne, TX?
Ordered by distance from Hearne, not by size. Compare Hearne side by side with any of them.
Hearne housing market FAQ
Is Hearne a buyer's or seller's market?
Hearne, TX is currently a buyer's market. That read comes from 24.0 months of supply, homes going under contract in about 214 days in the last month Redfin published (May 2026).
How much do homes cost in Hearne?
The typical home in Hearne, TX is worth $174,713 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $229,000, about $118 per square foot.
Is Hearne cheaper than the rest of Texas?
Hearne's median sale price of $229,000 is 36% lower than the Texas statewide median of $356,100, and 44% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Hearne?
Homes in Hearne, TX spent a median of 214 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Hearne?
At the current 30-year fixed rate of 7.03%, 20% down on a $174,713 home is about $933 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $39,974 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $30,938.
Are home prices rising in Hearne?
The typical home value in Hearne, TX held roughly flat 0.1% over the last 12 months, from $174,610 to $174,713 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Hearne?
Hearne ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Hearne?
That depends on your timeline, not on a headline. What the data says today: Hearne, TX is a buyer's market with 24.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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