78501 ZIP Code Housing Market
$237,735median sale price
Quick answer: The median home sale price in ZIP code 78501 is $237,735, up 25.8% year-over-year. Homes sell in an average of 76 days with 197 active listings. The market is currently a buyer's market.
78501 market data
| Metric | Value |
|---|---|
| Median sale price | $237,735 |
| Median list price | $263,000 |
| Year-over-year price change | +25.8% |
| Average days on market | 76 days |
| Active inventory | 197 listings |
| Sale-to-list price ratio | 95.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 78501 zip code, located in McGregor, TX, is currently classified as a buyer's market. The median sale price stands at $237,735, representing a +25.8% change year over year. Homes in this area spend an average of 76 days on the market before going under contract. There are currently 197 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 78501 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
60
Last 12 weeks
Days on market
76
Average pace
Active listings
197
Sale-to-list
95.5%
Below asking
Market trends
Market analysis for 78501
The 78501 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 95.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78501 have increased +25.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 78501 stands at $196,165, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,099 per month. This gives a price-to-rent ratio of approximately 14.9, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
58,935
Median income
$48,071/yr
Median age
36 years
Owner-occupied
4931.0%
College grads
2815.0%
Avg commute
20.46 min
Living in 78501
Zip code 78501 is home to approximately 58,935 residents. The median household income is $48,071 per year, which shapes the types of homes and amenities available in the area. With a median age of 36 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 4931.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 2815.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.46 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 78501.
Frequently asked questions about 78501
What is the median home price in 78501?
The current median sale price in 78501 is $237,735, based on recent Redfin transaction data. Prices have changed +25.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 78501 a buyer's or seller's market?
The 78501 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 78501?
Zip code 78501 has a population of approximately 58,935 residents. The median household income is $48,071 per year. About 4931.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 78501?
Properties Incorporated provides comprehensive data for 78501 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 78501 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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