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Is Mico, TX 78056 a buyer’s or seller’s market?

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

Mico is a buyer’s market. With about 18.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply18.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.9%Sold price ÷ list price
Median days on market184Listing to accepted offer
Median price per sq ft$171▼ −27.2% vs. last year

The Mico housing market right now

In the three months ending August 31, 2026, 0% of homes in Mico, TX 78056 sold above their list price, the typical home went under contract in 184 days and there were 18.2 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (103 days then) and the median sale price fell 14% to $566,755. Overall, Mico is less competitive than a year ago, which gives buyers more room.

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

Nearby, Castroville 78009 (7% sold over asking) and Devine 78016 (6% sold over asking) are even more competitive.

Run the numbers for 78056

Prefilled for 78056Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78056Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Castroville 78009Balanced $194 /sq ftD Hanis 78850 — /sq ftDevine 78016Buyer’s market $173 /sq ftHondo 78861Buyer’s market $173 /sq ft Browse all markets →

Towns like Mico nearby

Find towns like Mico in other states →
Pipe Creek, TX78063 · 9 miles away57% similarlower income ($36K less) · cheaper homes ($249K less) Comfort, TX78013 · 29 miles away57% similarlower income ($37K less) · cheaper homes ($137K less) San Antonio, TX78266 · 38 miles away49% similarhigher income ($27K more) · pricier homes ($33K more) Castroville, TX78009 · 13 miles away45% similarcheaper homes ($185K less) · larger

Where Mico is

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Questions about Mico real estate

Is Mico a buyer’s or seller’s market?

A buyer’s market: there were 18.2 months of supply in Mico, TX 78056 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 Mico?

The typical home went under contract in 184 days in the latest three months.

Do homes in Mico sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.

What are property taxes in Mico?

About 1.32% of a home’s value a year in Medina County, or roughly $5,280 on a $400,000 home.

What is the median home price in Mico?

The median sale price was $566,755 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