Hays County: Is the Market Still a Seller's?

Is Hays County still a seller's market? The answer lies in the months of inventory gauge, which now sits at 4.97 months based on 279 closed sales in September. This figure represents the time it would take to sell all current active listings at the current monthly pace. A reading below four months typically signals a seller's market, while above six indicates a buyer's market; Hays County currently sits in a transitional zone leaning toward balanced conditions. The supply gap has widened significantly compared to the prior month. While 1,938 homes remain active today, closed sales dropped 33.4% from August and are down 33.1% year-over-year. This sharp decline in demand, paired with a 16.3% increase in median days on market to 57 days, suggests buyers have more time to evaluate options than they did just months ago. ALEX Intelligence calculates the market classification by dividing active inventory by the trailing monthly closing rate. The result indicates that while sellers still hold leverage due to limited new construction relative to demand, the window for rapid price appreciation has narrowed. Buyers should note that 84.6% of homes sold below their original list price in September, a trend consistent with the cooling activity observed across the region. The median sale price rose 14.9% from August to $408,000, but this spike follows a period of lower sales volume and should be viewed alongside the broader context of reduced transaction speed. With inventory levels stabilizing near five months, the market is moving away from the intense competition seen in previous quarters toward a more balanced environment for both parties. Curious what your Hays 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