Is Buffalo Gap, TX 79508 a buyer’s or seller’s market?
Buffalo Gap is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Buffalo Gap housing market right now
In the three months ending August 31, 2026, 0% of homes in Buffalo Gap, TX 79508 sold above their list price, the typical home went under contract in 76 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold more slowly (49 days then) and the median sale price rose 67% to $434,812. Overall, Buffalo Gap is less competitive than a year ago, which gives buyers more room.
Within Taylor County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Merkel 79536 (43% sold over asking) and Abilene 79602 (40% sold over asking) are even more competitive.
Run the numbers for 79508
Nearby markets
Abilene 79602Seller’s market $194 /sq ftAbilene 79603Seller’s market $134 /sq ftAbilene 79605Seller’s market $143 /sq ftAbilene 79606Seller’s market $192 /sq ft Browse all markets →Towns like Buffalo Gap nearby
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Questions about Buffalo Gap real estate
Is Buffalo Gap a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Buffalo Gap, TX 79508 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 Buffalo Gap?
The typical home went under contract in 76 days in the latest three months.
Do homes in Buffalo Gap sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Buffalo Gap?
About 1.37% of a home’s value a year in Taylor County, or roughly $5,480 on a $400,000 home.
What is the median home price in Buffalo Gap?
The median sale price was $434,812 in the three months ending August 31, 2026, about $210 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