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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harlingen-San Benito is a buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Harlingen-San Benito, TX

How much do homes in Harlingen-San Benito, TX cost?

Median Sold Price

$229,333

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$3,666(-1.6%)

Key Takeaway

Homes in Harlingen-San Benito have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Harlingen-San Benito was $229,333 in December 2024, down 1.6% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $66K$62.5K
-5.3%
2 $132K$145K
+9.8%
3 $223.5K$223.6K
0.1%
4 $303.5K$312.7K
+3.0%
5+ $434K$400K
-7.8%

Summary: Harlingen-San Benito housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Cities

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

Housing Supply in Harlingen-San Benito, TX

How many homes are available in Harlingen-San Benito, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
644693+7.6%

Summary: The Harlingen-San Benito real estate market had 693 homes for sale in December 2024, a 7.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 44
0.0%
2 6872
+5.9%
3 355383
+7.9%
4 180194
+7.8%
5+ 3740
+8.1%

Summary: The Harlingen-San Benito 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 5.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 8.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4930-38.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlingen-San Benito, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Harlingen-San Benito in December 2024, down by 38.8% month-over-month. Of the 30 sold homes, 57% were sold under asking, 27% were sold at asking, and 17% were sold over asking.

Days on Market for Harlingen-San Benito, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
100 Days109 Days+8.1%

Summary: Homes in Harlingen-San Benito had an average of 109 days on market in Dec 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 30 homes were sold in Harlingen-San Benito; 7% of homes were sold within 30 days, 37% 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 4 Days Ago

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