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Featured local agent — Rice Tracts, TX
Sarah Mitchell
Compass Real Estate · Rice Tracts, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rice Tracts, TX Housing Market
The last median sale price Redfin published was $425,000 (through May 2026). With 1.5 months of supply and homes going under contract in about 107 days, Rice Tracts is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $425,000 home is about $2,269/mo in principal and interest.
Key numbers for Rice Tracts, TX
Median sale price
$425,000
Last published period
Redfin, through May 2026
Days on market
107
Slow-moving
Redfin, through May 2026
Active listings
3
1.5 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
$150,750
Home costs 2.8x income
U.S. Census ACS, 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 Rice Tracts a buyer's or seller's market?
Rice Tracts, TX is a seller's market, based on 1.5 months of supply and homes selling in about 107 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 Rice Tracts housing market data show?
Every row below is Redfin's final published month for Rice Tracts, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $425,000 |
| Median price per sq ft | $194/sq ft |
| Median days on market | 107 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Homes sold (that month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Seller'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 Rice Tracts is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Rice Tracts 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 Rice Tracts home prices moved?
Across the 16 months we hold for Rice Tracts, TX, the median sale price rose 28.8%, from $330,000 in April 2021 to $425,000. 33.3% of Rice Tracts 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 Rice Tracts?
Priced off the median sale price of $425,000 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% | $85,000 | $340,000 | $2,269/mo |
| 5% | $21,250 | $403,750 | $2,694/mo |
Redfin, through May 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 $2,269, that implies roughly $97,238 a year before you add taxes and insurance. The median household in Rice Tracts earns $150,750, about $53,512 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 2.8x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Rice Tracts in the next 12 months?
Tell us your timeline. We send the Rice Tracts 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 Rice Tracts?
Zillow does not publish a rent index (ZORI) for Rice Tracts, 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 Rice Tracts?
Active listings in Rice Tracts, TX went from 1 in March 2022 to 3 in May 2026, a +200.0% 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 |
|---|---|---|
| March 2022 | 1 | not published |
| July 2022 | 1 | 2 |
| August 2022 | 3 | 2 |
| October 2023 | 1 | not published |
| July 2024 | 2 | 2 |
| September 2024 | 3 | 2 |
| November 2024 | 5 | 3 |
| March 2025 | 4 | 1 |
| April 2025 | 4 | not published |
| July 2025 | 4 | not published |
| January 2026 | 3 | not published |
| May 2026 | 3 | not published |
Redfin, through May 2026
How does Rice Tracts compare to Texas and the U.S.?
Rice Tracts homes sell for $425,000 — 19% above the Texas median of $356,100. Against the national median of $410,700, Rice Tracts runs 3% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Rice Tracts, TX | $425,000 | not published | 107 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 Rice Tracts
What buyers should watch
- Months of supply, currently 1.5. 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 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 $425 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 $425,000 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 Rice Tracts listing goes under contract in 107 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Comparable ZIP-level pricing inside Rice Tracts varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Rice Tracts
There are currently 3 homes listed for sale in Rice Tracts, Texas.
Active listings
3
Homes on market
Avg. days on market
107
Days until sale
How much do homes cost in Rice Tracts by property type?
How the Rice Tracts, 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 | $425,000 | $194/sq ft | 2 | 107 days |
Who lives in Rice Tracts?
American Community Survey estimates for Rice Tracts. U.S. Census ACS, 2023
Population
1,117
Households
282
Median income
$150,750/yr
Median age
42.4 years
Owner-occupied
100.0%
Median home value
$235,600
Mean commute
26.2 min
100.0% of occupied homes in Rice Tracts 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 Rice Tracts, TX?
Ordered by distance from Rice Tracts, not by size. Compare Rice Tracts side by side with any of them.
Rice Tracts housing market FAQ
Is Rice Tracts a buyer's or seller's market?
Rice Tracts, TX is currently a seller's market. That read comes from 1.5 months of supply, homes going under contract in about 107 days in the last month Redfin published (May 2026).
How much do homes cost in Rice Tracts?
The median sale price in the last month Redfin published was $425,000, about $194 per square foot.
Is Rice Tracts cheaper than the rest of Texas?
Rice Tracts's median sale price of $425,000 is 19% higher than the Texas statewide median of $356,100, and 3% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Rice Tracts?
Homes in Rice Tracts, TX spent a median of 107 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 Rice Tracts?
At the current 30-year fixed rate of 7.03%, 20% down on a $425,000 home is about $2,269 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $97,238 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $150,750.
Are home prices rising in Rice Tracts?
We do not hold a complete 12-month value series for Rice Tracts, 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 Rice Tracts?
Rice Tracts 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 Rice Tracts?
That depends on your timeline, not on a headline. What the data says today: Rice Tracts, TX is a seller's market with 1.5 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 $425,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.