Del Rio, TX 78840 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary market indicator is the median sold price, 215,508, which reflects recent transaction values and should be used as the anchor for pricing and valuation decisions in Del Rio ZIP 78840; current signals show down price momentum.
2. The market temperature is cold, suggesting slower sales velocity and elevated interest rate pressure is present, which may extend time-to-contract and strengthen buyer negotiating power.
3. Rental conditions show a median market rent of 1,200 with a down rent year-over-year trend, indicating cooling rental growth that may relieve upward pressure on rents for tenants and investors.
4. Pricing details point to a median price per square foot of 78.93, which should be used alongside the median sold price when setting competitive offers or listing targets; given the cold market temperature and downward price trend, sellers may need to price competitively and expect down directional pressure on realized sale prices.

Notable Properties

The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.