Home sales rebound slightly in October in McAllen, Brownsville metros

Nearly an entire block of single-family homes inside the North McAllen subdivision of Oxford Homes was for sale on a Thursday afternoon, with several hosting tours. The subdivision sits near an elementary school and a brand-new park, Camp McAllen, which features a lake and hiking trails. 

The new construction homes, mainly three-bedroom, were priced between $306,000 and $335,000. A four-bedroom, two-bath house on a corner lot was $364,000. 

For a 1,668-square-foot, three-bedroom house with two bathrooms and one partial bath, built in 2024, the developer wanted $306,000 and offered $5,000 in concessions towards the potential buyer’s closing costs. 

That’s because the Rio Grande Valley is in a buyer’s market, as opposed to a seller’s market, which means there are more homes available to purchase than individuals looking to buy. 

The McAllen-Edinburg-Mission metro area had 9.5 months’ worth of inventory and more than 3,250 homes for sale, and the Brownsville-Harlingen metro area had 7.6 months of inventory and 1,700 homes for sale in October 2025. 

Still, there were 640 homes sold across the Rio Grande Valley in October, a 10% jump over the year, according to the monthly report compiled by the Texas Real Estate Research Center, inside Texas A&M University. 

Inside that figure, 371 homes were sold in the McAllen-Mission-Edinburg metro area. The remaining 269 homes were sold in the Brownsville-Harlingen metro area. 

The median sale price in the McAllen metro was $249,000, down from $250,000 in 2024. The median sale price in the Brownsville metro was $260,000, up from $252,250 in 2024. 

“If you’re a seller, hang in there. Maybe you can reevaluate your pricing, because unfortunately, just because the home next door sold 18 months ago at X price per square foot does not mean yours would,” Ramon “Nacho” Pecina III, Greater McAllen Association of Realtors president and owner of Zapphire Real Estate Group. 

Pecina III said he’s seen homes that would have sold for $200 per square foot about a year ago, drop to $185 a square foot this year. He recommends sellers conduct a comparative market analysis every 90 days when a home is available for sale and has not yet sold. 

Overall, there have been 3,464 home sales in the McAllen metro between January and October, compared to 3,398 in 2024. Likewise, there have been 2,305 home sales in the Brownsville metro between the same time frame, up from 2,194 in 2024. 

Pecina III, who has been building and selling homes for two decades, predicted that anyone looking to buy will likely do so before the holiday season begins. 

“People want to get in their home before Christmas, that’s a big thing. People say, ‘Hey, I don’t want to be in an apartment. I’ve got family coming in this year.’ I think [the market] is going to stay stable through the end of the year.”