Is Rio Hondo, TX 78583 a buyer’s or seller’s market?
Rio Hondo is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Rio Hondo housing market right now
In the three months ending August 31, 2026, 0% of homes in Rio Hondo, TX 78583 sold above their list price, the typical home went under contract in 71 days and there were 16 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 was about the same (0% then), homes sold faster (106 days then) and the median sale price fell 7% to $259,888. Overall, Rio Hondo is more competitive than a year ago, so tougher for buyers.
Within Cameron County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, La Feria 78559 (9% sold over asking) and Harlingen 78550 (2% sold over asking) are even more competitive.
Run the numbers for 78583
Nearby markets
Brownsville 78520Balanced $161 /sq ftBrownsville 78521Buyer’s market $165 /sq ftBrownsville 78526Balanced $171 /sq ftCombes 78535 — /sq ft Browse all markets →Towns like Rio Hondo nearby
Find towns like Rio Hondo in other states →Where Rio Hondo is
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Questions about Rio Hondo real estate
Is Rio Hondo a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Rio Hondo, TX 78583 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 Rio Hondo?
The typical home went under contract in 71 days in the latest three months.
Do homes in Rio Hondo sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Rio Hondo?
About 1.50% of a home’s value a year in Cameron County, or roughly $6,000 on a $400,000 home.
What is the median home price in Rio Hondo?
The median sale price was $259,888 in the three months ending August 31, 2026, about $152 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