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Is Rainbow, TX 76077 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Rainbow is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market76Listing to accepted offer
Median price per sq ft$251▲ +57.7% vs. last year

The Rainbow housing market right now

In the three months ending August 31, 2026, 0% of homes in Rainbow, TX 76077 sold above their list price, the typical home went under contract in 76 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (26 days then) and the median sale price rose 126% to $519,775. Overall, Rainbow is less competitive than a year ago, which gives buyers more room.

Nearby, Nemo 76070 (33% sold over asking) and Glen Rose 76043 (25% sold over asking) are even more competitive.

Run the numbers for 76077

Prefilled for 76077Can I win this house?Multiple-offer likelihood for a listing Prefilled for 76077Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Glen Rose 76043Balanced $200 /sq ftNemo 76070Seller’s market $222 /sq ft Browse all markets →

Towns like Rainbow nearby

Find towns like Rainbow in other states →
Santo, TX76472 · 35 miles away35% similarcheaper homes ($220K less) · larger Hico, TX76457 · 29 miles away32% similarlower income ($46K less) · cheaper homes ($216K less) Glen Rose, TX76043 · 5 miles away31% similarlower income ($40K less) · cheaper homes ($230K less) Weatherford, TX76085 · 34 miles away28% similarcheaper homes ($98K less) · larger

Where Rainbow is

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Questions about Rainbow real estate

Is Rainbow a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Rainbow, TX 76077 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Rainbow?

The typical home went under contract in 76 days in the latest three months.

Do homes in Rainbow sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Rainbow?

About 0.91% of a home’s value a year in Somervell County, or roughly $3,640 on a $400,000 home.

What is the median home price in Rainbow?

The median sale price was $519,775 in the three months ending August 31, 2026, about $251 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology