78502
Mcallen, Texas
Mcallen 78502 is accelerating.
The 78502 ZIP code in Mcallen, Texas has a median sale price of $179K, down N/A year-over-year. Homes spend an average of 17 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 84 signals Neutral Watch conditions. Strong momentum and fast absorption suggest continued appreciation in Mcallen.
The 78502 market demonstrates price stability with a median sale price holding at $178,500, unchanged year-over-year despite the broader 2022 inflationary environment. Market velocity remains exceptionally high at 17 days average time on market, while 100% of properties transact above asking price. This combination of stable valuations and accelerated absorption indicates sustained demand meeting constrained inventory, creating a seller-advantaged environment without the price escalation typical of competitive markets.
Cash-positioned buyers face significant headwinds in this ZIP code, as universal above-list transactions and sub-three-week market times compress due diligence windows and eliminate negotiation leverage. Sellers benefit from maximum pricing power and expedited closings, though the flat year-over-year appreciation suggests limited equity acceleration. Investment buyers seeking value-add opportunities will find minimal distress inventory, while relocation buyers requiring financing must prepare for competitive offer scenarios and waived contingencies to secure properties.
The PropIQ score of 84 signals neutral conditions with watchlist designation, suggesting the current demand-supply imbalance may moderate as 2022 progresses. The divergence between rapid sales velocity and stagnant pricing warrants monitoring—typically, 17-day absorption drives appreciation beyond flat performance. This disconnect may indicate affordability constraints capping upward price movement, or anticipatory seller behavior ahead of rate increases. Watch for days-on-market extension as the Federal Reserve tightening cycle impacts buyer qualification rates.
What is the median home price in 78502 Mcallen?
The median sale price in 78502 is $179K, down N/A year-over-year as of 2022-01-31.
How long do homes stay on the market in Mcallen 78502?
Homes in 78502 Mcallen spend an average of 17 days on market before going under contract.
Is Mcallen 78502 a good place to invest in real estate?
Folio's PropIQ™ score for 78502 is 84/100 — a Neutral Watch signal. 100% of homes sold above asking.
What does a PropIQ™ score of 84 mean for 78502?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 84 = Neutral Watch in 78502 Mcallen, Texas.