Homes for Sale in McAllen, Texas
McAllen, Texas has a dynamic real estate market with various trends and statistics that potential buyers or sellers may find useful. Here are some key insights based on the search results:
Average Time on the Market:
- On average, houses for sale in McAllen, TX spend an average of 74 days on the market.
Number of Active Homes for Sale:
- There are currently 784 active homes for sale in McAllen, TX.
Popular Neighborhoods:
- Some of the hottest neighborhoods near McAllen, TX are De Palmas Historic District, North Park Estates, College Heights, and Tres Lagos.
Median Sale Price and Market Trends:
- The median sale price of a home in McAllen was $288K last month, up 17.5% since last year. The median sale price per square foot in McAllen is $143, up 9.5% since last year.
- In October 2023, McAllen home prices were up 17.5% compared to last year, selling for a median price of $288K. On average, homes in McAllen sell after 35 days on the market compared to 28 days last year. There were 78 homes sold in October this year, down from 83 last year.
Competitiveness of the Housing Market:
- The Compete Score rates the competitiveness of the McAllen housing market. Some homes get multiple offers, and the average homes sell for about 3% below list price and go pending in around 40 days. Hot homes can sell for around list price and go pending in around 15 days.
Real Estate Market Trends:
- There have been 1,436 transactions over the past year in McAllen. The median value for residential home transactions that occurred over the previous year is $221,450.31.
View current Homes for sale in McAllen Texas: Homes for Sale in McAllen, Texas
