Is Penelope, TX 76676 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Penelope is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Penelope housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Hill County, TX

Population	344
Median income	$70,625
Average income	$90,393
Median home value	$164,300
Median rent	$900/month
Owner-occupied	90% of homes
Median year built	1973

Natural hazard riskTornadoes (very high), extreme heat (relatively high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 76676; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 76676

Prefilled for 76676Can I win this house?Multiple-offer likelihood for a listing Prefilled for 76676Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Abbott 76621Balanced $201 /sq ft Aquilla 76622Buyer’s market $174 /sq ft Blum 76627Buyer’s market $93 /sq ft Brandon 76628 — /sq ft Browse all markets →

Where Penelope is

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Questions about Penelope real estate

What are property taxes in Penelope?

About 1.16% of a home’s value a year in Hill County, or roughly $4,640 on a $400,000 home.

Local agents

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More tools for 76676

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hill County property taxes Hill County loan limits Closing costs in Texas Hottest ZIP codes in Texas

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