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Is Laredo, TX 78040 a buyer’s or seller’s market?

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

Laredo is a buyer’s market. With about 14.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply14.5Under 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 market79Listing to accepted offer
Median price per sq ft$151▲ +31.2% vs. last year

The Laredo housing market right now

In the three months ending August 31, 2026, 0% of homes in Laredo, TX 78040 sold above their list price, the typical home went under contract in 79 days and there were 14.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (87 days then) and the median sale price held steady to $134,942. Overall, Laredo is about as competitive as it was a year ago.

Within Webb County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 78040

Prefilled for 78040Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78040Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bruni 78344 — /sq ftEncinal 78019 — /sq ftLaredo 78041Buyer’s market $152 /sq ftLaredo 78043Buyer’s market $160 /sq ft Browse all markets →

Towns like Laredo nearby

Find towns like Laredo in other states →
Laredo, TX78043 · 18 miles away59% similarpricier homes ($52K more) · more homeowners Laredo, TX78041 · 3 miles away42% similarhigher income ($25K more) · pricier homes ($103K more) Laredo, TX78046 · 8 miles away29% similarpricier homes ($32K more) · larger Encinal, TX78019 · 37 miles away16% similarcheaper homes ($37K less) · smaller

Where Laredo is

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Questions about Laredo real estate

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

A buyer’s market: there were 14.5 months of supply in Laredo, TX 78040 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 Laredo?

The typical home went under contract in 79 days in the latest three months.

Do homes in Laredo sell over asking?

0% of homes sold above their original list price.

What are property taxes in Laredo?

About 1.80% of a home’s value a year in Webb County, or roughly $7,200 on a $400,000 home.

What is the median home price in Laredo?

The median sale price was $134,942 in the three months ending August 31, 2026, about $151 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