Leander: How Mortgage Rates Shape Buying Power in October

Deal of the Week

Deal of the Week · 301 Lark ST, Leander TX 78641 · MLS #3520411 · Listed by Spyglass Realty. ALEX valuation $325,000 is an ALEX Intelligence estimate, not an appraisal.

This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 301 Lark ST, Leander TX 78641 · MLS #3520411 Listed at $262,500, 4 bed, 2.5 bath, 2,578 sq ft. Listed 19% below the ALEX valuation; 48% under the local price per sq ft; price reduced 15% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1184269861/301-Lark-ST-Leander-TX 2. 1432 Jolie Rose BND, Leander TX 78641 · MLS #6088060 Listed at $799,900, 4 bed, 4.5 bath, 3,849 sq ft. Listed 10% below the ALEX valuation; 7% under the local price per sq ft; price reduced 22% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1162429143/1432-Jolie-Rose-BND-Leander-TX 3. 1712 Uhland DR, Leander TX 78641 · MLS #4135666 Listed at $415,000, 3 bed, 2.5 bath, 2,922 sq ft. Listed 8% below the ALEX valuation; 27% under the local price per sq ft; price reduced 8% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1176959808/1712-Uhland-DR-Leander-TX 4. 211 Banner Ave, Leander TX 78641 · MLS #3360688 Listed at $350,000, 4 bed, 2.5 bath, 2,241 sq ft. Listed 9% below the ALEX valuation; 20% under the local price per sq ft; price reduced 12% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1180691884/211-Banner-Ave-Leander-TX 5. 1521 Novara TRL, Leander TX 78641 · MLS #8605771 Listed at $893,572, 5 bed, 5.5 bath, 4,684 sq ft. Listed 13% below the ALEX valuation; 15% under the local price per sq ft; price reduced 18% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1184186160/1521-Novara-TRL-Leander-TX

Key figures · Leander · September 2026

113 homes sold in Leander in September 2026 (down 16.3% on a year earlier).

Median sale price: $462,190 (up 1.8% on a year earlier).

Median price per square foot: $196.

Median days on market: 46.

Median sale price as a share of the original list price: 95.3%.

627 homes for sale now, about 4.3 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 7.4% mortgage rate mean for a buyer in Leander today? With the median home price at $462,190 across 113 closed sales in September, ALEX Intelligence calculated that a standard purchase with 20% down results in a principal-and-interest payment of $2,560 per month. This rate environment shifts how buyers approach affordability. For those seeking to lower their initial monthly burden, a 3-2-1 buydown can reduce the first-year rate to 4.4%, cutting the monthly payment by $708. However, this strategy requires an upfront investment of $17,268, which represents 3.74% of the median sale price. A shorter 2-1 buydown offers a one-year reduction to 5.4% for a cost of $8,772, or 1.9% of the price. The data shows that while prices rose 2.0% from August and are up 1.8% year-over-year, the higher interest rate environment remains a critical factor in monthly cash flow. Buyers must weigh the immediate payment relief against the total cost of the buydown when evaluating homes in this market. These figures are ALEX Intelligence estimates based on median sale price and current rates, not appraisals. 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. 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