Market Trends for Hidalgo CAD appraisal district Residential Property

Analysing interest rates, housing inventory, and sales patterns, as assessed by the Hidalgo County Appraisal District (Hidalgo CAD), reveal significant trends in the residential property market of Hidalgo County, helping homeowners stay informed.

January 2023 Housing Market Insights in Hidalgo County

Hidalgo County’s housing market displayed dynamic shifts in January 2023, reflecting contrasting trends in pricing, listings, and sales. Key highlights include:

  • Median home price rose by 3.8% from January 2022, reaching $207,500.
  • Active listings surged by 93.2%, totalling 1,486 properties.
  • The majority of homes are priced between $100,000 and $299,999, representing 76.4% of the market.

Housing Market Trends in Edinburg

The housing market in Edinburg experienced significant shifts in January 2023, highlighting price growth, increased listings, and shifting sales dynamics.

  • Median home price rose by 15.7% from January 2022, reaching $232,000.
  • Active listings surged by 159.5%, with a total of 192 properties.
  • Homes priced between $200,000 – $299,999 dominated the market, making up 55.2%.

Housing Market Insights in McAllen

  • Median home price decreased by 4.3% from January 2022, settling at $225,000.
  • Active listings rose by 69.2%, reaching a total of 247 properties.
  • Most homes fall within the $200,000 – $299,999 price range, making up 35.9% of the market.

McAllen’s housing market in January 2023 displayed a mix of declining prices and increased market activity, reflecting shifting buyer and seller trends.

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