Is Gillett, TX 78116 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Gillett 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 Gillett housing market right now

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

About the area

Karnes County, TX

Population	226
Median income	$88,700
Average income	$133,468
Median home value	$331,800
Owner-occupied	100% of homes
Median year built	1997

Natural hazard riskHurricanes (relatively high), hail (relatively high), extreme heat (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 78116; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 78116

Prefilled for 78116Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78116Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hobson 78117 — /sq ft Karnes City 78118 — /sq ft Kenedy 78119Balanced $115 /sq ft Runge 78151 — /sq ft Browse all markets →

Where Gillett is

Loading map…

Questions about Gillett real estate

What are property taxes in Gillett?

About 0.93% of a home’s value a year in Karnes County, or roughly $3,720 on a $400,000 home.

Local agents

See all agents in 78116 →

No sponsored agents in 78116 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 78116

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 Karnes County property taxes Karnes County loan limits Closing costs in Texas Hottest ZIP codes in Texas

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="78116"><a href="https://offerbacked.com/market/78116">Gillett, TX 78116 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

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