Fayette County Market Recap and Outlook for August 2026

Fayette County home prices dropped significantly in the first half of 2026, with the median closing price falling to $290,000. This figure represents a 15.9% decrease compared to the prior six-month period and is 4.7% lower than the same window last year. The market saw 38 closed sales over this rolling six-month window, a volume that fluctuated between single digits and double digits each month. The time it took to sell a home also shifted noticeably. Median days on market dropped to 74 days, down 32.1% from the prior period but up 29.8% compared to the same time last year. Sellers received 89.7% of their original list price on average, a slight improvement over the prior period but still below the 91.5% seen a year ago. Inventory remains a challenge for buyers, with 55 active listings and an estimated 8.68 months of supply. This level indicates a buyer-favorable environment where homes stay on the market longer. New construction activity was minimal, with only one new-construction home closing in the current window compared to four in the prior period. ALEX Intelligence analyzed these trends to provide a clear picture of the local market conditions. While prices have corrected from earlier highs, the combination of lower sales volume and extended time on market suggests continued pressure on valuations. Buyers currently benefit from more negotiating power, while sellers face a competitive landscape requiring realistic pricing strategies. This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 351 E Colorado ST, La Grange TX 78945 · MLS #3711136 Listed at $799,000, 5 bed, 3.5 bath, 5,594 sq ft. Listed 13% below the ALEX valuation; 25% under the local price per sq ft; price reduced 20% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1180492134/351-E-Colorado-ST-La-Grange-TX 2. 730 Panorama RD, La Grange TX 78945 · MLS #9221262 Listed at $625,000, 5 bed, 4.5 bath, 4,091 sq ft. Listed 13% below the ALEX valuation; 19% under the local price per sq ft; price reduced 14% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1178840915/730-Panorama-RD-La-Grange-TX 3. 901 Anderson ST, Schulenburg TX 78956 · MLS #4696827 Listed at $324,900, 3 bed, 2 bath, 2,364 sq ft. Listed 18% below the ALEX valuation; 3% under the local price per sq ft; price reduced 24% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1172181648/901-Anderson-ST-Schulenburg-TX 4. 528 E Milam ST, La Grange TX 78945 · MLS #1597063 Listed at $188,000, 2 bed, 1 bath, 983 sq ft. Listed 12% below the ALEX valuation; price reduced 23% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1158526230/528-E-Milam-ST-La-Grange-TX 5. 5612 HWY 71 E, Smithville TX 78957 · MLS #7112560 Listed at $299,000, 4 bed, 2 bath, 1,612 sq ft. Listed 13% below the ALEX valuation; 10% under the local price per sq ft; price reduced 17% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182517968/5612-HWY-71-E-Smithville-TX Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951