Market Intelligence · TX / Mcallen

Mcallen, TX 78504 Housing Market

In Mcallen, the typical home value is $263,666, up 0.1% over the past year as of September 2026. The median list price is $300,000, and homes have a median of 79 days on market. That points to a stable market rather than a fast one.

Updated September 2026Median value$264K

The median home value in Mcallen, TX 78504 is $264K as of September 2026, up 0.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 78504 range

$243K to $285K

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

Sep 2025$263K

Low $263KHigh $264K

Sep 2026$264K

The numbers

What is the 78504 housing market like?

As of September 2026

Typical home value

$264K

0.1%YoY

Median list price

$300K

1.6%MoM

Days on market

1.2%MoM

Homes for sale

396

1.5%MoM

Price cuts

13.6%

14.9%MoM

New listings

13.3%MoM

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

The outlook

78504 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78504 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 78504 rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in 78504?

Zillow's forecast does not call for a drop: it expects typical home values in 78504 to rise 0.8% by September 2027, after a 0.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 78504 home prices compare?

78504$263,666
Mcallen$194,342
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcallen: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

Mcallen had 396 homes for sale in September 2026, with 68 new listings entering the market. The typical home value is $263,666, up 0.1% over the past year, while the median list price is $300,000. A median of 79 days on market suggests buyers have time to compare options. Price cuts appeared on 13.6% of listings, so some sellers are adjusting expectations. For a seller, pricing needs to be realistic from the start.

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Down payment20% · $52,733

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Common questions

What people ask us.

How much is a home in Mcallen worth?

The typical home value is $263,666 as of September 2026, up 0.1% over the past year.

How long are homes taking to sell in Mcallen?

The median days on market is 79 as of September 2026.

Are sellers cutting prices in Mcallen?

Yes, 13.6% of listings had a price cut as of September 2026.

Discover

Nearby ZIP markets.

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