78384
Alice, Texas

The Alice, TX 78384 market has recorded a median sale price of $147,000 as of February 2026, representing an extraordinary 219.6% year-over-year increase that signals either severe prior undervaluation or a fundamental market repricing. Homes are moving at a moderate pace with an average 114.5 days on market, while 50% of properties close above asking price. This combination of triple-digit appreciation with extended inventory time suggests a market transitioning from explosive growth toward recalibration, where buyers are becoming more selective despite continued upward price pressure.

Value-oriented investors and first-time buyers operating below the national median price point stand to benefit most from current conditions. The $147,000 entry threshold remains accessible compared to Texas metros, while the 50% above-ask close rate indicates genuine demand competition for well-positioned properties. Sellers who purchased before the 219.6% surge can capture substantial gains, though the 114.5-day absorption period requires realistic pricing strategies rather than chasing the previous year's appreciation trajectory.

The PropIQ score of 85 signals strong buy conditions, suggesting the market has room for continued appreciation despite the recent spike. However, the moderating days-on-market metric warrants monitoring for signs of demand saturation as prices adjust to new levels. The critical indicators to track are whether the above-list close percentage holds above 40% and if inventory time extends beyond 120 days, which would indicate the post-surge normalization phase has begun.