TX · Metro #187

Laredo - TX housing market

The Laredo metro has a typical home value of $218,391, up 2.9% from a year ago. Homes are sitting 75 days on average - buyers have negotiating room. Data from Zillow Research, updated monthly.

Typical home value
$218,391
+2.9% vs. year ago
Median sale price
$248,683
+3.0% YoY
Median list price
$255,542
Sale-to-list ratio
96.8%
Selling below ask
Days on market
75d
Listings w/ price cut
16.5%
New listings / mo
139
-6.1% YoY
Homes for sale
749
+14.9% YoY
Typical rent
$1,369/mo
-3.0% YoY
Context

How to read this data

The typical home value ($218,391) is the Zillow Home Value Index for the Laredo - TX metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.9% over the past year. In Laredo - TX, that means a home worth $212,236 last year is now worth roughly $218,391.

The median sale price , what homes actually close for , is $248,683. Homes are selling at 96.8% of list price, meaning buyers have room to negotiate.

Homes listed in Laredo - TX sit on the market for roughly 75 days before going pending. Shorter = seller's market; longer = buyer's market.

About 16.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 139 new listings hit the market each month in Laredo - TX. There are currently 749 homes for sale, up 14.9% from a year ago.

The typical monthly rent in Laredo - TX is $1,369, down 3.0% year over year. For investors, the price-to-rent ratio here is roughly 13x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in TX

MetroHome value1-yr changeDays on market
Dallas - TX$366,823 -3.3% 24.0d
Houston - TX$308,306 -2.0% 33.0d
San Antonio - TX$280,297 -1.9% 38.0d
Austin - TX$428,524 -6.0% 41.0d
McAllen - TX$193,978 +0.6% 79.0d
El Paso - TX$232,910 +1.6% 33.0d
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