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Featured local agent — Pharr, TX
Sarah Mitchell
Compass Real Estate · Pharr, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pharr, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$190,000median sale price
How is the Pharr, TX housing market right now?
The median home sale price in Pharr, TX is $190,000, down 9.5% year-over-year. Homes sell in an average of 96 days with 217 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pharr a buyer's or seller's market?
Pharr, TX is currently a buyer's market, based on 9.4 months of supply and homes selling in about 96 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
96
Average pace
Active listings
217
9.4 months supply
Sale-to-list
94.6%
Below asking
What does the Pharr housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $190,000 |
| Median list price | $241,500 |
| Year-over-year price change | -9.5% |
| Average days on market | 96 days |
| Active inventory | 217 listings |
| Months of supply | 9.4 months |
| Sale-to-list price ratio | 94.6% |
| Median price per sq ft | $126/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 40 |
| Listings with a price cut | 14.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Pharr by property type?
How the Pharr, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $190,000 | $126/sq ft | 23 | 96 days |
| Condo / Co-op | $130,000 | $93/sq ft | 1 | 6 days |
| Townhouse | $100,000 | $92/sq ft | 1 | 22 days |
Source: Redfin · Updated monthly
The Pharr housing market is currently classified as a buyer's market with a median sale price of $190,000. Prices have fallen 9.5% compared to last year, with homes spending an average of 96 days on market, indicating 9.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Pharr
There are currently 217 homes listed for sale in Pharr, Texas. The median listing price is $242K.
Active listings
217
Homes on market
Median list price
$242K
Avg. days on market
96
Days until sale
New this week
40
Newly listed
Who lives in Pharr?
Population
79,809
Median income
$49,884/yr
Median age
29.5 years
Owner-occupied
58.7%
College grads
17.5%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Pharr?
Zillow home value
$165,495
Zillow rent index
$1,207/mo
Price-to-rent ratio
11.4x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Pharr?
Pharr is a community of approximately 80K residents with a median age of 29.5 years.The median household income is $49,884, which represents a working-class community with solid middle-income opportunities. 17.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.7%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pharr offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pharr?
36 schools tracked · 23,443 students
The largest public schools serving Pharr, 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.
PSJA NORTH EARLY COLLEGE H S
Grades 9-12 · 2,229 students
VANGUARD REMBRANDT
Grades PK-12 · 1,965 students
PSJA SOUTHWEST EARLY COLLEGE H S
Grades 9-12 · 1,597 students
LYNDON B JOHNSON MIDDLE
Grades 6-8 · 971 students
VANGUARD VAN GOGH
Grades PK-8 · 959 students
IDEA COLLEGE PREPARATORY PHARR
Grades 6-12 · 863 students
DR WILLIAM LONG EL
Grades PK-5 · 797 students
LIBERTY MIDDLE
Grades 6-8 · 795 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 Pharr, TX?
Want a head-to-head view? Compare Pharr side-by-side with any other U.S. city using our market-comparison tool.
Is Pharr a good real estate investment market?
For investors evaluating Pharr, the price-to-rent ratio of 11.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 9.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pharr's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pharr's median home price.
Frequently asked questions
What is the average home price in Pharr?
The median home sale price in Pharr is $190,000, down 9.5% from last year.
How long do homes stay on market in Pharr?
Homes typically spend 96 days on market before going under contract.
What is the median income in Pharr?
The median household income is $49,884 per year.
Is Pharr a buyer's or seller's market?
With 9.4 months of supply, Pharr is currently a buyer's market.
What is the Zillow home value estimate for Pharr?
The Zillow Home Value Index (ZHVI) for Pharr is $165,495, representing the typical home value in the area.
What is the median condo price in Pharr?
The median condo/co-op sale price in Pharr, TX is $130,000, compared to $190,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pharr?
The median single-family home price in Pharr, TX is $190,000 (about $126 per square foot).
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