Gillespie County Market Recap and Outlook for August 2026

What does a 27.3% drop in median price mean for Gillespie County? The data from the rolling six months ending August 31, 2026, shows a significant shift in market dynamics. Across 43 closed sales, the median close price settled at $560,000, down from $770,000 in the prior six-month period. This decline coincides with a 32.6% reduction in median days on market, suggesting that while prices have adjusted downward, properties are selling faster than they did previously. The volume of activity also contracted. With only 43 closed sales compared to 25 in the prior window and 35 at this time last year, the market remains thin. The median price per square foot dropped 12.1% to $277, reflecting the broader price correction. Despite lower prices, homes are selling for a slightly higher percentage of their original list price, with the close-to-original ratio rising 0.4% compared to the prior period. Inventory levels remain elevated at over 10 months, indicating a buyer-favorable environment where supply exceeds demand. New construction activity contributed 8 closed sales during this window, while the median living area of sold homes shrank by 16.1% to 1,884 square feet. For buyers and sellers navigating this landscape, these figures represent the current reality of a market adjusting to lower price points and reduced transaction volume. Curious what your Gillespie County home would sell for today? Request a free ALEX Intelligence valuation. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog 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