Is Hondo, TX 78861 a buyer’s or seller’s market?
Hondo is a buyer’s market. With about 8.2 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 #859 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 Hondo housing market right now
In the three months ending August 31, 2026, 0% of homes in Hondo, TX 78861 sold above their list price, the typical home went under contract in 108 days and there were 8.2 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 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 7%, homes sold more slowly (90 days then) and the median sale price fell 13% to $267,509. Overall, Hondo is less competitive than a year ago, which gives buyers more room.
Within Medina County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Hondo ranks #859 of 868 TX ZIP codes with enough sales (score 2 out of 100).
Nearby, Castroville 78009 (7% sold over asking) and Devine 78016 (6% sold over asking) are even more competitive.
Run the numbers for 78861
Nearby markets
Castroville 78009Balanced $194 /sq ftD Hanis 78850 — /sq ftDevine 78016Buyer’s market $173 /sq ftLa Coste 78039Balanced $134 /sq ft Browse all markets →Towns like Hondo nearby
Find towns like Hondo in other states →Where Hondo is
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Questions about Hondo real estate
Is Hondo a buyer’s or seller’s market?
A buyer’s market: there were 8.2 months of supply in Hondo, TX 78861 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 Hondo?
The typical home went under contract in 108 days in the latest three months.
Do homes in Hondo sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Hondo?
About 1.32% of a home’s value a year in Medina County, or roughly $5,280 on a $400,000 home.
What is the median home price in Hondo?
The median sale price was $267,509 in the three months ending August 31, 2026, about $173 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