78598 ZIP Code Housing Market
$175,000median sale price
Quick answer: The median home sale price in ZIP code 78598 is $175,000, down 7.8% year-over-year. Homes sell in an average of 245 days. The market is currently a leaning buyer's.
78598 market data
| Metric | Value |
|---|---|
| Median sale price | $175,000 |
| Year-over-year price change | -7.8% |
| Average days on market | 245 days |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 78598 zip code, located in McGregor, TX, is currently classified as a leaning buyer's. The median sale price stands at $175,000, representing a -7.8% change year over year. Homes in this area spend an average of 245 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 78598 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
1
Last 12 weeks
Days on market
245
Average pace
Active listings
—
Sale-to-list
—
Below asking
Market trends
Market analysis for 78598
The 78598 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78598 have declined -7.8% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 78598 stands at $276,590, 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
245
Median age
60.8 years
Owner-occupied
8810.0%
College grads
5284.0%
Living in 78598
Zip code 78598 is home to approximately 245 residents. With a median age of 60.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8810.0% 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 5284.0% 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. 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 78598.
Frequently asked questions about 78598
What is the median home price in 78598?
The current median sale price in 78598 is $175,000, based on recent Redfin transaction data. Prices have changed -7.8% 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 78598 a buyer's or seller's market?
The 78598 zip code is currently classified as a leaning buyer's. 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 78598?
Zip code 78598 has a population of approximately 245 residents. About 8810.0% 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 78598?
Properties Incorporated provides comprehensive data for 78598 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 78598 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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