Is Mcallen, TX 78504 a buyer’s or seller’s market?

The Mcallen housing market right now

In the three months ending August 31, 2026, 11% of homes in Mcallen, TX 78504 sold above their list price, the typical home went under contract in 56 days and there were 7.9 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 144 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (11% then), homes sold faster (70 days then) and the median sale price rose 5% to $308,367. Overall, Mcallen is more competitive than a year ago, so tougher for buyers.

Within Hidalgo County, homes here sell faster than in 91% of the county’s ZIP codes, and sell less often over asking than in 68%. On our competition score, Mcallen ranks #444 of 868 TX ZIP codes with enough sales (score 23 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.