Is South Padre Island, TX 78597 a buyer’s or seller’s market?
South Padre Island is a buyer’s market. With about 10.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 0% of U.S. ZIP codes, and #866 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The South Padre Island housing market right now
In the three months ending August 31, 2026, 0% of homes in South Padre Island, TX 78597 sold above their list price, the typical home went under contract in 155 days and there were 10.2 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 87 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (113 days then) and the median sale price rose 3% to $498,784. Overall, South Padre Island is less competitive than a year ago, which gives buyers more room.
Within Cameron County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, South Padre Island ranks #866 of 868 TX ZIP codes with enough sales (score 2 out of 100).
Nearby, La Feria 78559 (9% sold over asking) and Harlingen 78550 (2% sold over asking) are even more competitive.
Run the numbers for 78597
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 South Padre Island nearby
Find towns like South Padre Island in other states →Where South Padre Island is
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Questions about South Padre Island real estate
Is South Padre Island a buyer’s or seller’s market?
A buyer’s market: there were 10.2 months of supply in South Padre Island, TX 78597 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 South Padre Island?
The typical home went under contract in 155 days in the latest three months.
Do homes in South Padre Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in South Padre Island?
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 South Padre Island?
The median sale price was $498,784 in the three months ending August 31, 2026, about $373 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