Is Harlingen, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harlingen is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Harlingen was a Neutral Market.

Key Takeaway

Harlingen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Harlingen, TX

How much do homes in Harlingen, TX cost?

Median Sold Price

$235,375

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$9,625(-3.9%)

Key Takeaway

Homes in Harlingen have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Harlingen was $235,375 in December 2024, down 3.9% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $63K$51.7K
-17.9%
2 $137K$151K
+10.2%
3 $225K$228.3K
+1.5%
4 $320K$340.5K
+6.4%
5+ $450K$412.5K
-8.3%

Summary: Harlingen housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Palm Valley
+19.2%
Harlingen-San Benito
-1.6%
Harlingen
-3.9%

Housing Supply in Harlingen, TX

How many homes are available in Harlingen, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
387424+9.6%

Summary: The Harlingen real estate market had 424 homes for sale in December 2024, a 9.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 44
0.0%
2 4348
+11.6%
3 202214
+5.9%
4 114131
+14.9%
5+ 2427
+12.5%

Summary: The Harlingen housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2623-11.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlingen, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Harlingen in December 2024, down by 11.5% month-over-month. Of the 23 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.

Days on Market for Harlingen, TX

How long does it take to sell a home in Harlingen, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
99 Days113 Days+13.1%

Summary: Homes in Harlingen had an average of 113 days on market in Dec 2024, up by 13.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Harlingen are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 23 homes were sold in Harlingen; 9% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Harlingen, TX

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