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Featured local agent — Progreso Lakes, TX
Sarah Mitchell
Compass Real Estate · Progreso Lakes, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Progreso Lakes, TX Housing Market
The typical home in Progreso Lakes, TX is worth $357,599, rose 2.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $540,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 422 days, Progreso Lakes is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $357,599 home is about $1,909/mo in principal and interest.
Key numbers for Progreso Lakes, TX
Typical home value
$357,599
+2.5% in 12 months
Zillow, August 2026
Median sale price
$540,000
Last published period
Redfin, through March 2026
Days on market
422
Slow-moving
Redfin, through March 2026
Active listings
4
4.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$95,000
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.4%
Selling below asking
Redfin, through March 2026
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 Progreso Lakes a buyer's or seller's market?
Progreso Lakes, TX is a leaning buyer's, based on 4.0 months of supply and homes selling in about 422 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Progreso Lakes housing market data show?
Every row below is Redfin's final published month for Progreso Lakes, TX. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $540,000 |
| Median price per sq ft | $124/sq ft |
| Median days on market | 422 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 96.4% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Leaning buyer's |
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 Progreso Lakes is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Progreso Lakes 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 Progreso Lakes home prices moved?
Across the 12 months we hold for Progreso Lakes, TX, the median sale price rose 300.0%, from $135,000 in May 2021 to $540,000. The live Zillow value series has rose 2.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Progreso Lakes 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. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 96.4%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Progreso Lakes?
Priced off the typical home value of $357,599 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% | $71,520 | $286,079 | $1,909/mo |
| 5% | $17,880 | $339,719 | $2,267/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 $1,909, that implies roughly $81,817 a year before you add taxes and insurance. The median household in Progreso Lakes earns $95,000, about $13,183 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — 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 Progreso Lakes in the next 12 months?
Tell us your timeline. We send the Progreso Lakes 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 Progreso Lakes?
Zillow does not publish a rent index (ZORI) for Progreso Lakes, 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 Progreso Lakes?
Active listings in Progreso Lakes, TX went from 2 in May 2021 to 4 in March 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2021 | 2 | 2 |
| July 2021 | 2 | 3 |
| August 2021 | 4 | 4 |
| October 2021 | 4 | 1 |
| December 2021 | 2 | not published |
| January 2022 | 2 | not published |
| May 2022 | 2 | not published |
| June 2022 | 2 | not published |
| June 2024 | 3 | not published |
| February 2026 | 7 | 1 |
| March 2026 | 4 | not published |
Redfin, through March 2026
How does Progreso Lakes compare to Texas and the U.S.?
Progreso Lakes homes sell for $540,000 — 52% above the Texas median of $356,100. Against the national median of $410,700, Progreso Lakes runs 31% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Progreso Lakes, TX | $540,000 | not published | 422 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Progreso Lakes
What buyers should watch
- Months of supply, currently 4.0. 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 50.0%. 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 $358 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 $357,599 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 Progreso Lakes listing goes under contract in 422 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 96.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +2.5% 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 Progreso Lakes varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Progreso Lakes
There are currently 4 homes listed for sale in Progreso Lakes, Texas.
Active listings
4
Homes on market
Avg. days on market
422
Days until sale
How much do homes cost in Progreso Lakes by property type?
How the Progreso Lakes, TX market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $540,000 | $124/sq ft | 1 | 422 days |
Who lives in Progreso Lakes?
American Community Survey estimates for Progreso Lakes. U.S. Census ACS, 2023
Population
291
Households
88
Median income
$95,000/yr
Median age
41.7 years
Owner-occupied
83.0%
Median home value
$229,700
Mean commute
42.8 min
83.0% of occupied homes in Progreso Lakes 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 $229,700 against Zillow's $357,599 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Progreso Lakes, TX?
Ordered by distance from Progreso Lakes, not by size. Compare Progreso Lakes side by side with any of them.
Progreso Lakes housing market FAQ
Is Progreso Lakes a buyer's or seller's market?
Progreso Lakes, TX is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 422 days, and sellers getting 96.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Progreso Lakes?
The typical home in Progreso Lakes, TX is worth $357,599 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $540,000, about $124 per square foot.
Is Progreso Lakes cheaper than the rest of Texas?
Progreso Lakes's median sale price of $540,000 is 52% higher than the Texas statewide median of $356,100, and 31% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Progreso Lakes?
Homes in Progreso Lakes, TX spent a median of 422 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 Progreso Lakes?
At the current 30-year fixed rate of 7.03%, 20% down on a $357,599 home is about $1,909 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $81,817 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $95,000.
Are home prices rising in Progreso Lakes?
The typical home value in Progreso Lakes, TX rose 2.5% over the last 12 months, from $348,883 to $357,599 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Progreso Lakes?
Progreso Lakes 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 Progreso Lakes?
That depends on your timeline, not on a headline. What the data says today: Progreso Lakes, TX is a leaning buyer's with 4.0 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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