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Is Miles, TX 76861 a buyer’s or seller’s market?

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

Miles is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market91Listing to accepted offer
Median price per sq ft$171▲ +48.3% vs. last year

The Miles housing market right now

In the three months ending August 31, 2026, 0% of homes in Miles, TX 76861 sold above their list price, the typical home went under contract in 91 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 faster (142 days then) and the median sale price rose 78% to $469,547. Overall, Miles is more competitive than a year ago, so tougher for buyers.

Within Tom Green County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Run the numbers for 76861

Prefilled for 76861Can I win this house?Multiple-offer likelihood for a listing Prefilled for 76861Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Carlsbad 76934Buyer’s market $344 /sq ftMereta 76940 — /sq ftSan Angelo 76901Balanced $158 /sq ftSan Angelo 76903Balanced $149 /sq ft Browse all markets →

Towns like Miles nearby

Find towns like Miles in other states →
Bronte, TX76933 · 20 miles away69% similarlower income ($31K less) · cheaper homes ($61K less) San Angelo, TX76905 · 16 miles away68% similarcheaper homes ($54K less) · larger San Angelo, TX76901 · 20 miles away60% similarcheaper homes ($37K less) · larger Eden, TX76837 · 34 miles away60% similarcheaper homes ($133K less)

Where Miles is

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Questions about Miles real estate

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

A seller’s market: there were 1.6 months of supply in Miles, TX 76861 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 Miles?

The typical home went under contract in 91 days in the latest three months.

Do homes in Miles sell over asking?

0% of homes sold above their original list price.

What are property taxes in Miles?

About 1.29% of a home’s value a year in Tom Green County, or roughly $5,160 on a $400,000 home.

What is the median home price in Miles?

The median sale price was $469,547 in the three months ending August 31, 2026, about $171 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