Is Mcallen, TX 78501 a buyer’s or seller’s market?

The Mcallen housing market right now

In the three months ending August 31, 2026, 9% of homes in Mcallen, TX 78501 sold above their list price, the typical home went under contract in 63 days and there were 7.3 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 79 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (59 days then) and the median sale price fell 3% to $214,407. Overall, Mcallen is less competitive than a year ago, which gives buyers more room.

Within Hidalgo County, homes here sell faster than in 82% of the county’s ZIP codes, and sell less often over asking than in 82%. On our competition score, Mcallen ranks #725 of 868 TX ZIP codes with enough sales (score 13 out of 100).

Nearby, buyers who want less competition could look at Sullivan City 78595 (0% sold over asking) or Alamo 78516 (3% sold over asking), while La Villa 78562 (33% sold over asking) and Donna 78537 (23% sold over asking) are even more competitive.