Market Intelligence Report — TX-820

Hereford, TX

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TX-08
As of the latest 2026 data
Very Weak

Median Listing

$230K
-2.0% YoY

Pending Ratio

0.16
+1.5% YoY

Active Inventory

69
+0.0% YoY

Median DOM

97 Days
+9.6% YoY

Primary Intelligence Tool — Sold Score™

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The Hereford market is currently classified as Very Weak, characterized by a pending ratio of 0.16, indicating severely constrained demand absorption relative to available supply. This demand weakness is occurring amidst a 2.0% year-over-year decline in the median listing price.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Hereford market right now.

Demand metrics remain subdued, with new listings contracting by 25.0% year-over-year. Active listings have remained flat year-over-year, while the median price per square foot has decreased by 6.7% over the past year. The median listing price has also declined by 2.0% year-over-year, alongside an 8.6% year-over-year reduction in the average listing price, signaling broad price adjustments.

Historical Analysis

Market Trends

Median Price

$230K-5.4% MoM

Active Inventory

69+0.0% YoY

Days on Market

97+9.6% YoY

Sold Score™

28+1.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

28
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The protracted median days on market, now at 97 days, combined with a low pending ratio, suggests that sellers face significant challenges in achieving timely transactions. Buyers currently exhibit considerable leverage, allowing for extended due diligence and disciplined offers, given the slow absorption of available inventory.

Luxury Segment

The average listing price has declined at a faster rate (8.6% YoY) than the median listing price (2.0% YoY), and median $/sqft has decreased by 6.7% over the past year. This suggests some softness in the higher-priced segments of the market.

Supply Dynamics

69 active listings represent the current floor, with new supply arriving at roughly 12 per month.

Pricing Pressure
12.1%

of active listings carry a price reduction, -1.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -6.7% year-over-year.

Absorption
0.16

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Hereford, TX? Homes here are taking 8 days longer to sell than last year.

Buyers have leverage in Hereford, TX. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
16%
Median Days on Market
97 days
Inventory YoY
−0%

In a buyer's market, strategy beats timing. See how your home scores in Hereford, TX and what moves the number.

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Metro Demographics

Metro Area
Hereford, TX
CBSA Code
25820
State
TX
Analysis FAQ
  • What is the current market condition in Hereford?+

    As of the latest 2026 data, the Hereford metro is classified as Very Weak. Pending ratio is 0.16 with median days on market at 97.

  • Are home prices dropping in Hereford?+

    Median listing price is $230K, -2.0% year over year. 12.1% of active listings carry a price reduction.

  • How fast are homes selling in Hereford?+

    The typical listing sits 97 days on market, a +9.6% change YoY. New listings are arriving at 12 per month.

  • What's happening in the Hereford luxury market?+

    The average listing price has declined at a faster rate (8.6% YoY) than the median listing price (2.0% YoY), and median $/sqft has decreased by 6.7% over the past year. This suggests some softness in the higher-priced segments of the market.

  • Where can I find a trusted Hereford real estate expert?+

    Primpted maintains a vetted registry of Hereford agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 25820 · 36mo history