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.
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Kristen Mosbrucker-Garza
Reporter
Kristen Mosbrucker-Garza is a versatile multimedia news reporter who lives and works along the Texas-Mexico border in Hidalgo County. Mosbrucker-Garza is a news reporter for the Rio Grande Valley Business Journal. During her career she's worked for the McAllen Monitor, San Antonio Business Journal, The Advocate Newspaper in Louisiana, Phoenix New Times, and public media outlets in Baltimore and Philadelphia.
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