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Featured local agent — Morgan's Point Resort, TX
Sarah Mitchell
Compass Real Estate · Morgan's Point Resort, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morgan's Point Resort, TX Housing Market
The last median sale price Redfin published was $382,000, +8.4% year over year (through May 2026). With 11.5 months of supply and homes going under contract in about 226 days, Morgan's Point Resort is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $382,000 home is about $2,039/mo in principal and interest.
Key numbers for Morgan's Point Resort, TX
Median sale price
$382,000
+8.4% year over year
Redfin, through February 2026
Days on market
226
Slow-moving
Redfin, through February 2026
Active listings
23
11.5 months of supply
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$78,913
Home costs 4.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.0%
Selling above asking
Redfin, through February 2026
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 Morgan's Point Resort a buyer's or seller's market?
Morgan's Point Resort, TX is a buyer's market, based on 11.5 months of supply and homes selling in about 226 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 Morgan's Point Resort housing market data show?
Every row below is Redfin's final published month for Morgan's Point Resort, TX. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $382,000 |
| Median list price | $275,990 |
| Year-over-year price change | +8.4% |
| Median price per sq ft | $205/sq ft |
| Median days on market | 226 days |
| Active inventory | 23 listings |
| Months of supply | 11.5 months |
| Sale-to-list price ratio | 101.0% |
| Homes sold (that month) | 2 |
| New listings (that month) | 7 |
| Listings with a price cut | 17.4% |
| 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 Morgan's Point Resort is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Morgan's Point Resort 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 Morgan's Point Resort home prices moved?
Over the last three years the median sale price in Morgan's Point Resort, TX rose 36.5%, from $279,900 to $382,000. 17.4% of Morgan's Point Resort listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 11.5 months while the sale-to-list ratio slips below its current 101.0%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Morgan's Point Resort?
Priced off the median sale price of $382,000 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% | $76,400 | $305,600 | $2,039/mo |
| 5% | $19,100 | $362,900 | $2,422/mo |
Redfin, through February 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 $2,039, that implies roughly $87,400 a year before you add taxes and insurance. The median household in Morgan's Point Resort earns $78,913, about $8,487 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 4.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Morgan's Point Resort in the next 12 months?
Tell us your timeline. We send the Morgan's Point Resort 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 Morgan's Point Resort?
Zillow does not publish a rent index (ZORI) for Morgan's Point Resort, 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 Morgan's Point Resort?
Active listings in Morgan's Point Resort, TX went from 26 in February 2025 to 23 in February 2026, a -11.5% 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 |
|---|---|---|
| March 2025 | 34 | 13 |
| April 2025 | 33 | 10 |
| May 2025 | 32 | 9 |
| June 2025 | 34 | 7 |
| July 2025 | 31 | 6 |
| August 2025 | 31 | 7 |
| September 2025 | 28 | 4 |
| October 2025 | 25 | 4 |
| November 2025 | 21 | 3 |
| December 2025 | 18 | 4 |
| January 2026 | 20 | 5 |
| February 2026 | 23 | 7 |
Redfin, through February 2026
How does Morgan's Point Resort compare to Texas and the U.S.?
Morgan's Point Resort homes sell for $382,000 — 7% above the Texas median of $356,100. Against the national median of $410,700, Morgan's Point Resort runs 7% lower. Year-over-year, Morgan's Point Resort moved +8.4% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Morgan's Point Resort, TX | $382,000 | +8.4% | 226 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Morgan's Point Resort
What buyers should watch
- Months of supply, currently 11.5. 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 17.4%. 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 $382 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 $382,000 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 Morgan's Point Resort listing goes under contract in 226 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 101.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Morgan's Point Resort added 7 new listings against 2 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Morgan's Point Resort varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Morgan's Point Resort
There are currently 23 homes listed for sale in Morgan's Point Resort, Texas. The median listing price is $276K.
Active listings
23
Homes on market
Median list price
$276K
Avg. days on market
226
Days until sale
New this week
7
Newly listed
Who lives in Morgan's Point Resort?
American Community Survey estimates for Morgan's Point Resort. U.S. Census ACS, 2023
Population
4,709
Households
1,748
Median income
$78,913/yr
Median age
36 years
Owner-occupied
94.7%
Median home value
$199,800
Median gross rent
$1,566/mo
Mean commute
29.7 min
94.7% of occupied homes in Morgan's Point Resort 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 Morgan's Point Resort, TX?
Ordered by distance from Morgan's Point Resort, not by size. Compare Morgan's Point Resort side by side with any of them.
Morgan's Point Resort housing market FAQ
Is Morgan's Point Resort a buyer's or seller's market?
Morgan's Point Resort, TX is currently a buyer's market. That read comes from 11.5 months of supply, homes going under contract in about 226 days, and sellers getting 101.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Morgan's Point Resort?
The median sale price in the last month Redfin published was $382,000, about $205 per square foot.
Is Morgan's Point Resort cheaper than the rest of Texas?
Morgan's Point Resort's median sale price of $382,000 is 7% higher than the Texas statewide median of $356,100, and 7% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Morgan's Point Resort?
Homes in Morgan's Point Resort, TX spent a median of 226 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 Morgan's Point Resort?
At the current 30-year fixed rate of 7.03%, 20% down on a $382,000 home is about $2,039 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $87,400 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $78,913.
Are home prices rising in Morgan's Point Resort?
Redfin's last published year-over-year change for Morgan's Point Resort, TX was +8.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Morgan's Point Resort?
Morgan's Point Resort 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 Morgan's Point Resort?
That depends on your timeline, not on a headline. What the data says today: Morgan's Point Resort, TX is a buyer's market with 11.5 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 $382,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.