78578 ZIP Code Housing Market
$320,450median sale price
Quick answer: The median home sale price in ZIP code 78578 is $320,450, up 7.0% year-over-year. Homes sell in an average of 98 days with 146 active listings. The market is currently a balanced market.
78578 market data
| Metric | Value |
|---|---|
| Median sale price | $320,450 |
| Median list price | $330,000 |
| Year-over-year price change | +7.0% |
| Average days on market | 98 days |
| Active inventory | 146 listings |
| Sale-to-list price ratio | 102.8% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 78578 zip code, located in McGregor, TX, is currently classified as a balanced market. The median sale price stands at $320,450, representing a +7.0% change year over year. Homes in this area spend an average of 98 days on the market before going under contract. There are currently 146 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 78578 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
68
Last 12 weeks
Days on market
98
Average pace
Active listings
146
Sale-to-list
102.8%
Above asking
Market trends
Market analysis for 78578
The 78578 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78578 have increased +7.0% 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 78578 stands at $262,834, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
10,016
Median income
$51,880/yr
Median age
49 years
Owner-occupied
7463.0%
College grads
2859.0%
Avg commute
13.39 min
Living in 78578
Zip code 78578 is home to approximately 10,016 residents. The median household income is $51,880 per year, which shapes the types of homes and amenities available in the area. With a median age of 49 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7463.0% 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 2859.0% 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 13.39 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 78578.
Frequently asked questions about 78578
What is the median home price in 78578?
The current median sale price in 78578 is $320,450, based on recent Redfin transaction data. Prices have changed +7.0% 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 78578 a buyer's or seller's market?
The 78578 zip code is currently classified as a balanced 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 78578?
Zip code 78578 has a population of approximately 10,016 residents. The median household income is $51,880 per year. About 7463.0% 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 78578?
Properties Incorporated provides comprehensive data for 78578 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 78578 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.
Get zip code 78578 market alerts
Weekly updates on prices, inventory, and trends. Free forever.