Lee County Market Recap: Prices Rise as Sales Slow in August

Lee County home prices continue their upward trajectory even as transaction volume fluctuates significantly. Across 48 closed sales in the rolling six-month period ending August 31, 2026, the median sale price reached $355,000. This represents a 9.2% increase compared to the same window last year when the median was $325,000. However, the pace of sales has slowed, with monthly closings dropping 34.7% in August alone compared to July. The market is showing signs of shifting inventory dynamics. The median days on market rose to 75 days, an 87.5% increase from the same period last year when homes sold in just 40 days. This extended timeline coincides with a decline in the list-to-sale price ratio, which fell to 90.8%, down from 93.3% six months ago and 93.3% a year prior. Currently, 6.62 months of inventory are available, suggesting a gradual move toward a more balanced market compared to the tighter conditions seen previously. Buyers are also seeing larger living spaces for their money. The median home size sold in this period was 1,986 square feet, up 13.6% from last year's 1,748 square feet. This increase in size correlates with a drop in price per square foot to $174, down 8.4% from the same time last year. While the median price has risen, the cost per unit of space has decreased as larger properties dominate recent sales. ALEX Intelligence analyzed these trends to highlight how Lee County is balancing higher valuations with increased supply and longer selling times. The data reflects a market where prices remain resilient despite a noticeable cooling in transaction speed and volume. This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 1448 Private Road 6013, Giddings TX 78942 · MLS #5963747 Listed at $285,000, 4 bed, 2 bath, 2,832 sq ft. Listed 24% below the ALEX valuation; 39% under the local price per sq ft; price reduced 19% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1177394489/1448-Private-Road-6013-Giddings-TX 2. 204 N Rockdale ST, Lexington TX 78947 · MLS #6113419 Listed at $182,000, 3 bed, 2 bath, 1,953 sq ft. Listed 17% below the ALEX valuation; 54% under the local price per sq ft; price reduced 17% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1184514925/204-N-Rockdale-ST-Lexington-TX 3. 643 Yegua DR, Lexington TX 78947 · MLS #4876154 Listed at $265,000, 3 bed, 2 bath, 1,498 sq ft. Listed 12% below the ALEX valuation; 12% under the local price per sq ft; price reduced 19% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1174764715/643-Yegua-DR-Lexington-TX 4. 9262 N Highway 77, Lexington TX 78947 · MLS #4738044 Listed at $300,000, 4 bed, 2 bath, 2,420 sq ft. Listed 8% below the ALEX valuation; 38% under the local price per sq ft; price reduced 12% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182523858/9262-N-Highway-77-Lexington-TX 5. 450 Biscayne ST, Giddings TX 78942 · MLS #4039372 Listed at $250,000, 3 bed, 2 bath, 1,438 sq ft. Listed 7% below the ALEX valuation; price reduced 17% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183070453/450-Biscayne-ST-Giddings-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