Market Intelligence · TX / Mcallen

Mcallen, TX 78504 Housing Market

The typical home value in McAllen's 78504 ZIP is $265,803, up 0.2% over the past year. The median list price sits at $305,000, with homes spending a median of 80 days on the market.

Updated August 2026Median value$266K

The median home value in Mcallen, TX 78504 is $266K as of August 2026, up 0.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 78504 range

$244K to $287K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.1% over 12 months

Typical home value in 78504 over the last 12 months: $265K in Aug 2025 to $266K in Aug 2026 (+0.1%).

Aug 2025$265K

Aug 2026$266K

The numbers

What is the 78504 housing market like?

Typical home value

$266K

Up0.1%YoY

Median list price

$305K

Down3.3%MoM

Days on market

80

Up8.1%MoM

Homes for sale

390

Down3.0%MoM

Price cuts

11.9%

Down12.9%MoM

New listings

60

Down21.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 78504 home prices compare?

  • 78504$265,581
  • Mcallen$197,253
  • Texas$262,445
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcallen: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,265 ZIPs).

Context

The inventory count of 390 homes for sale reflects a steady market with 60 new listings as of August 2026. The median days on market at 80 suggests homes are taking time to find buyers. About 11.9% of listings have seen a price cut, indicating some sellers are adjusting to market conditions. For a seller considering a move, the slow absorption rate means you should price realistically and be prepared for a patient sales process.

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20% · $53,116

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