Penitas, TX Foreclosures
How much do homes sell for in Penitas, TX?
The average home price is currently $166,014.
In Penitas, TX, how many homes are available?
There are currently 5 active home listings available in Penitas.
What’s the average rental cost in Penitas, TX?
The average rental price in Penitas is $944.
What is the most expensive home in Penitas?
The most expensive home sold in Penitas had a price of $931,400.
What is currently the cheapest priced home in Penitas, TX?
The cheapest home for sale in Penitas is priced at $13,870.
Living in Penitas, TX
Penitas, TX is a charming suburban city in Hidalgo County that offers a relaxed atmosphere and a close-knit community. With a variety of parks and recreational activities, it caters to both families and retirees. The city's educational accessibility and proximity to larger metropolitan areas provide convenience without sacrificing the peace of small-town living.
Current Market Conditions in Penitas, TX
The real estate market in Penitas has seen a steady increase in home values over the past few years. The area is becoming more appealing for first-time homebuyers and families seeking affordable housing options, with new developments attracting interest. The trend indicates a shift toward a more competitive market as demand rises.
As the city grows, so does the demand for housing. In 2023, the market has shown signs of resilience, with homes selling quickly, often receiving multiple offers. The average days on the market have decreased, reflecting a strong buyer interest,
Home Value Estimator For Penitas, TX
There are currently 2,797 real estate properties
in Penitas, TX,
with a median automated valuation model (AVM) price
of $150,081.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penitas, TX, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Penitas, TX,
is $166,014.00, with the most expensive house
in Penitas, TX, topping out
at $931,400.00 and the cheapest home
in Penitas, TX,
clocking in at $13,870.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penitas, TX!
Rent Prices
In Penitas, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penitas, TX, is on
a rollercoaster ride. The
average rent price in Penitas, TX,
is $944.00. Indeed, when looking to rent in
Penitas, TX, you can expect to pay as little
as $430.00 or as much
as $2,200.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Penitas, TX
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
