79707 ZIP Code Housing Market
$160,500median sale price
Quick answer: The median home sale price in ZIP code 79707 is $160,500, down 61.5% year-over-year. Homes sell in an average of 112 days with 186 active listings. The market is currently a buyer's market.
79707 market data
| Metric | Value |
|---|---|
| Median sale price | $160,500 |
| Median list price | $489,750 |
| Year-over-year price change | -61.5% |
| Average days on market | 112 days |
| Active inventory | 186 listings |
| Sale-to-list price ratio | 86.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 79707 zip code, located in McGregor, TX, is currently classified as a buyer's market. The median sale price stands at $160,500, representing a -61.5% change year over year. Homes in this area spend an average of 112 days on the market before going under contract. There are currently 186 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 79707 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
112
Average pace
Active listings
186
Sale-to-list
86.8%
Below asking
Market trends
Market analysis for 79707
The 79707 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 86.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 79707 have declined -61.5% 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 79707 stands at $416,270, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,510 per month. This gives a price-to-rent ratio of approximately 23.0, 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
40,010
Median income
$99,886/yr
Median age
31.6 years
Owner-occupied
6000.0%
College grads
4031.0%
Avg commute
26.21 min
Living in 79707
Zip code 79707 is home to approximately 40,010 residents. The median household income is $99,886 per year, which shapes the types of homes and amenities available in the area. With a median age of 31.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6000.0% 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 4031.0% 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 26.21 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 79707.
Frequently asked questions about 79707
What is the median home price in 79707?
The current median sale price in 79707 is $160,500, based on recent Redfin transaction data. Prices have changed -61.5% 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 79707 a buyer's or seller's market?
The 79707 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 79707?
Zip code 79707 has a population of approximately 40,010 residents. The median household income is $99,886 per year. About 6000.0% 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 79707?
Properties Incorporated provides comprehensive data for 79707 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 79707 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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