79015 ZIP Code Housing Market
$354,000median sale price
Quick answer: The median home sale price in ZIP code 79015 is $354,000, up 6.5% year-over-year. Homes sell in an average of 77 days with 111 active listings. The market is currently a leaning buyer's.
79015 market data
| Metric | Value |
|---|---|
| Median sale price | $354,000 |
| Median list price | $329,000 |
| Year-over-year price change | +6.5% |
| Average days on market | 77 days |
| Active inventory | 111 listings |
| Sale-to-list price ratio | 100.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 79015 zip code, located in McGregor, TX, is currently classified as a leaning buyer's. The median sale price stands at $354,000, representing a +6.5% change year over year. Homes in this area spend an average of 77 days on the market before going under contract. There are currently 111 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 79015 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
73
Last 12 weeks
Days on market
77
Average pace
Active listings
111
Sale-to-list
100.0%
Above asking
Market trends
Market analysis for 79015
The 79015 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 100.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 79015 have increased +6.5% 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 79015 stands at $297,121, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,086 per month. This gives a price-to-rent ratio of approximately 22.8, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
23,765
Median income
$83,445/yr
Median age
33.6 years
Owner-occupied
6699.0%
College grads
4260.0%
Avg commute
29.8 min
Living in 79015
Zip code 79015 is home to approximately 23,765 residents. The median household income is $83,445 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6699.0% 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 4260.0% 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 29.8 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 79015.
Frequently asked questions about 79015
What is the median home price in 79015?
The current median sale price in 79015 is $354,000, based on recent Redfin transaction data. Prices have changed +6.5% 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 79015 a buyer's or seller's market?
The 79015 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 79015?
Zip code 79015 has a population of approximately 23,765 residents. The median household income is $83,445 per year. About 6699.0% 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 79015?
Properties Incorporated provides comprehensive data for 79015 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 79015 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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