Lakeway: How Mortgage Rates Affect Buying Power in October

Deal of the Week

Deal of the Week · 583 Rupen DR, Lakeway TX 78734 · MLS #1535471 · Listed by Advantage Austin Properties. ALEX valuation $469,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $593,000 583 Rupen DR, Lakeway TX 78734 · MLS #1535471 Listed at $475,000, 2 bed, 2.5 bath, 2,007 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 15% under the local price per sq ft; price reduced 4% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188510259/583-Rupen-DR-Lakeway-TX Lower-middle quartile: $593,000 to $712,000 224 Hurst Creek RD, Lakeway TX 78734 · MLS #2748918 Listed at $699,995, 4 bed, 2 bath, 2,888 sq ft. Listed 1% below the ALEX valuation; 13% under the local price per sq ft; price reduced 5% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188950274/224-Hurst-Creek-RD-Lakeway-TX Upper-middle quartile: $712,000 to $998,000 106 Confidence CV, Lakeway TX 78734 · MLS #5037081 Listed at $765,000, 4 bed, 3.5 bath, 3,087 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; price reduced 7% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182647688/106-Confidence-CV-Lakeway-TX Upper quartile: $998,000 and up 701 Echelon PL, Lakeway TX 78738 · MLS #9418996 Listed at $1,575,000, 5 bed, 4 bath, 4,330 sq ft. Listed 16% below the ALEX valuation; price reduced 25% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182522679/701-Echelon-PL-Lakeway-TX

Key figures · Lakeway · September 2026

25 homes sold in Lakeway in September 2026 (up 13.6% on a year earlier).

Median sale price: $675,000 (down 8.8% on a year earlier).

Median price per square foot: $282.

Median days on market: 57.

Median sale price as a share of the original list price: 90.6%.

132 homes for sale now, about 4.7 months of supply at the pace of the last six months.

Source: Unlock MLS, September 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.

What does a 7.32% mortgage rate mean for a buyer in Lakeway today? With the median home price at $675,000 across 25 closed sales in September, the monthly principal and interest payment on a loan with a balance of $540,000 is approximately $3,709. ALEX Intelligence modeled buying power scenarios using current market rates to show how financing costs impact affordability. At this rate, a buyer purchasing at the median price faces a higher monthly obligation than in previous years when rates were lower. For those seeking to reduce that burden, a 3-2-1 buydown can temporarily lower the interest rate to 4.32% in the first year, reducing the monthly payment by about $1,030. The cost of this strategy is significant but finite. A full 3-2-1 buydown on a median-priced home costs $25,128, which represents 3.72% of the sale price. A shorter 2-1 buydown offers less relief in the first year but costs $12,768, or 1.89% of the price. These figures are estimates based on a principal and interest calculation only and do not include taxes or insurance. While the median price per square foot rose to $282 compared to last year, the higher financing rate remains a key factor in monthly affordability. Buyers should weigh the upfront cost of a buydown against their long-term holding plans. The data reflects market conditions as of September 2026 with rates sourced from Freddie Mac for the week of October 22, 2026. Want to see this home? Call or text George at 713.918.9951 for a private showing. 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