Is Penitas, TX 78576 a buyer’s or seller’s market?

The Penitas housing market right now

In the three months ending August 31, 2026, 20% of homes in Penitas, TX 78576 sold above their list price, the typical home went under contract in 37 days and there were 12.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (19 days then) and the median sale price rose 17% to $244,894. Overall, Penitas is more competitive than a year ago, so tougher for buyers.

Within Hidalgo County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 91%.

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.