Market Intelligence Report — TX-820

Hereford, TX

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

Ref. No: 2026-TX-09
As of the latest 2026 data
Very Weak

Median Listing

$234K
-2.6% YoY

Pending Ratio

0.23
+7.5% YoY

Active Inventory

59
-24.4% YoY

Median DOM

116 Days
+38.0% YoY

Primary Intelligence Tool — Sold Score™

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The Hereford market is currently classified as Very Weak, with a pending ratio of 0.23 indicating significant demand absorption challenges. Active listings have contracted by 24.4% year-over-year, while new listings have seen a substantial 60.0% decline over the same period.

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.

Inventory levels have notably decreased, with active listings down 24.4% year-over-year and new listings experiencing a sharp 60.0% contraction. Despite this supply reduction, demand remains muted, as reflected by the low pending ratio. Median listing prices have declined by 2.6% year-over-year, and median days on market have increased by 38.0%, signaling a slower transaction pace.

Historical Analysis

Market Trends

Median Price

$234K+1.8% MoM

Active Inventory

59-24.4% YoY

Days on Market

116+38.0% YoY

Sold Score™

36+7.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

36
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

With a pending ratio of 0.23 and elevated days on market, market dynamics favor buyers who can exercise significant negotiating leverage. The slow pace of absorption suggests that properties are remaining on the market for extended periods, putting pressure on sellers regarding price discipline and terms.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

59 active listings represent the current floor, with new supply arriving at roughly 8 per month.

Pricing Pressure
10.5%

of active listings carry a price reduction, +1.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -10.3% year-over-year.

Absorption
0.23

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Hereford, TX? Homes here are taking 32 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
23%
Median Days on Market
116 days
Inventory YoY
−24%

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Metro Demographics

Metro Area
Hereford, TX
CBSA Code
25820
State
TX