78708 ZIP Code Housing Market
$395,000median sale price
Quick answer: The median home sale price in ZIP code 78708 is $395,000, down 22.6% year-over-year. Homes sell in an average of 43 days with 1 active listings. The market is currently a balanced market.
78708 market data
| Metric | Value |
|---|---|
| Median sale price | $395,000 |
| Median list price | $525,000 |
| Year-over-year price change | -22.6% |
| Average days on market | 43 days |
| Active inventory | 1 listings |
| Sale-to-list price ratio | 99.0% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 78708 zip code, located in McGregor, TX, is currently classified as a balanced market. The median sale price stands at $395,000, representing a -22.6% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 1 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 78708 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
43
Average pace
Active listings
1
Sale-to-list
99.0%
Below asking
Market analysis for 78708
The 78708 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 99.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78708 have declined -22.6% 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.
Frequently asked questions about 78708
What is the median home price in 78708?
The current median sale price in 78708 is $395,000, based on recent Redfin transaction data. Prices have changed -22.6% 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 78708 a buyer's or seller's market?
The 78708 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.
How do I research neighborhoods in 78708?
Properties Incorporated provides comprehensive data for 78708 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 78708 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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