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Featured local agent — Mikes, TX
Sarah Mitchell
Compass Real Estate · Mikes, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mikes, TX Housing Market
The last median sale price Redfin published was $61,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 163 days, Mikes is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $61,000 home is about $326/mo in principal and interest.
Key numbers for Mikes, TX
Median sale price
$61,000
Last published period
Redfin, through April 2023
Days on market
163
Slow-moving
Redfin, through April 2023
Active listings
1
1.0 months of supply
Redfin, through April 2023
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
93.8%
Selling below asking
Redfin, through April 2023
Zillow figures 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 Mikes a buyer's or seller's market?
Mikes, TX is a balanced market, based on 1.0 months of supply and homes selling in about 163 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Mikes housing market data show?
Every row below is Redfin's final published month for Mikes, TX. Redfin, through April 2023
| Metric | Value |
|---|---|
| Median sale price | $61,000 |
| Median list price | $144,500 |
| Median price per sq ft | $54/sq ft |
| Median days on market | 163 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 93.8% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced 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 Mikes is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Mikes 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 Mikes home prices moved?
We hold fewer than three months of sale history for Mikes, TX, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Mikes?
Priced off the median sale price of $61,000 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% | $12,200 | $48,800 | $326/mo |
| 5% | $3,050 | $57,950 | $387/mo |
Redfin, through April 2023 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 $326, that implies roughly $13,956 a year before you add taxes and insurance. We do not hold a Census income figure for Mikes, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Mikes in the next 12 months?
Tell us your timeline. We send the Mikes 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 Mikes?
Zillow does not publish a rent index (ZORI) for Mikes, 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 Mikes?
We hold fewer than two months of inventory readings for Mikes, TX, so there is no trend to report yet. The most recent count we have is 1 active listings (Redfin, through May 2026).
How does Mikes compare to Texas and the U.S.?
Mikes homes sell for $61,000 — 83% below the Texas median of $356,100. Against the national median of $410,700, Mikes runs 85% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Mikes, TX | $61,000 | not published | 163 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2023 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Mikes
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $61 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 $61,000 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 Mikes listing goes under contract in 163 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 93.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Mikes added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Mikes varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Mikes
There are currently 1 homes listed for sale in Mikes, Texas. The median listing price is $145K.
Active listings
1
Homes on market
Median list price
$145K
Avg. days on market
163
Days until sale
New this week
1
Newly listed
How much do homes cost in Mikes by property type?
How the Mikes, TX market breaks down across single-family homes, condos and townhouses. Redfin, through April 2023
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $61,000 | $54/sq ft | 1 | 163 days |
Who lives in Mikes?
American Community Survey estimates for Mikes. U.S. Census ACS, 2023
Population
1,676
Households
461
Median age
33.7 years
Owner-occupied
85.2%
Median home value
$97,000
Median gross rent
$495/mo
Mean commute
19.1 min
85.2% of occupied homes in Mikes 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.
Which cities are near Mikes, TX?
Ordered by distance from Mikes, not by size. Compare Mikes side by side with any of them.
Mikes housing market FAQ
Is Mikes a buyer's or seller's market?
Mikes, TX is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 163 days, and sellers getting 93.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Mikes?
The median sale price in the last month Redfin published was $61,000, about $54 per square foot.
Is Mikes cheaper than the rest of Texas?
Mikes's median sale price of $61,000 is 83% lower than the Texas statewide median of $356,100, and 85% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Mikes?
Homes in Mikes, TX spent a median of 163 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 Mikes?
At the current 30-year fixed rate of 7.03%, 20% down on a $61,000 home is about $326 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $13,956 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Mikes?
We do not hold a complete 12-month value series for Mikes, TX yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Mikes?
Mikes 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 Mikes?
That depends on your timeline, not on a headline. What the data says today: Mikes, TX is a balanced market with 1.0 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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One email: what homes are actually clearing at around $61,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.