78584 ZIP Code Housing Market
$145,000median sale price
Quick answer: The median home sale price in ZIP code 78584 is $145,000. Homes sell in an average of 51 days with 19 active listings. The market is currently a buyer's market.
78584 market data
| Metric | Value |
|---|---|
| Median sale price | $145,000 |
| Median list price | $265,000 |
| Average days on market | 51 days |
| Active inventory | 19 listings |
| Sale-to-list price ratio | 90.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 78584 zip code, located in McGregor, TX, is currently classified as a buyer's market. The median sale price stands at $145,000. Homes in this area spend an average of 51 days on the market before going under contract. There are currently 19 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 78584 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
2
Last 12 weeks
Days on market
51
Average pace
Active listings
19
Sale-to-list
90.3%
Below asking
Market trends
Market analysis for 78584
The 78584 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 90.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78584 have remained relatively stable compared to last year. 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.
Community profile
Population
18,464
Median income
$27,056/yr
Median age
28.1 years
Owner-occupied
6042.0%
College grads
1499.0%
Avg commute
23.53 min
Living in 78584
Zip code 78584 is home to approximately 18,464 residents. The median household income is $27,056 per year, which shapes the types of homes and amenities available in the area. With a median age of 28.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6042.0% 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 1499.0% 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 23.53 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 78584.
Frequently asked questions about 78584
What is the median home price in 78584?
The current median sale price in 78584 is $145,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 78584 a buyer's or seller's market?
The 78584 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 78584?
Zip code 78584 has a population of approximately 18,464 residents. The median household income is $27,056 per year. About 6042.0% 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 78584?
Properties Incorporated provides comprehensive data for 78584 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 78584 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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