Bastrop County Entry-Level Homes: Can Buyers Afford Them?

Deal of the Week

Deal of the Week · 19300 Bear Grass DR, Elgin TX 78621 · MLS #1383841 · Listed by Compass RE Texas, LLC. ALEX valuation $296,000 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 $294,000 19300 Bear Grass DR, Elgin TX 78621 · MLS #1383841 Listed at $279,000, 3 bed, 2.5 bath, 1,859 sq ft. Listed 6% below the ALEX valuation; 9% under the local price per sq ft; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183883868/19300-Bear-Grass-DR-Elgin-TX Lower-middle quartile: $294,000 to $345,000 241 Red Tail Hawk LN, Cedar Creek TX 78612 · MLS #1846048 Listed at $329,900, 4 bed, 2.5 bath, 2,220 sq ft. Listed 6% below the ALEX valuation; 6% under the local price per sq ft; price reduced 17% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1169869467/241-Red-Tail-Hawk-LN-Cedar-Creek-TX Upper-middle quartile: $345,000 to $436,000 110 Cassins Nest, Cedar Creek TX 78612 · MLS #4993822 Listed at $386,990, 5 bed, 3 bath, 3,016 sq ft. Listed 7% below the ALEX valuation; 19% under the local price per sq ft; price reduced 15% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186127013/110-Cassins-Nest-Cedar-Creek-TX Upper quartile: $436,000 and up 1883 Watterson RD, Red Rock TX 78662 · MLS #5426029 Listed at $849,000, 4 bed, 3 bath, 3,729 sq ft. Listed 10% below the ALEX valuation; 19% under the local price per sq ft; price reduced 9% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183134104/1883-Watterson-RD-Red-Rock-TX

Key figures · Bastrop County · September 2026

101 homes sold in Bastrop County in September 2026 (down 17.2% on a year earlier).

Median sale price: $360,000 (up 2.9% on a year earlier).

Median price per square foot: $188.

Median days on market: 74.

Median sale price as a share of the original list price: 93.0%.

703 homes for sale now, about 5.9 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 it take to buy an entry-level home in Bastrop County today? The bottom quartile of sales this month had a median price below the county median of $360,000 across 101 closed transactions. At the current mortgage rate of 7.32% from the week of October 22, 2026, a buyer with a 30-year fixed loan would face a principal and interest payment of roughly $1,978 per month on a median-priced home. ALEX Intelligence applied a standard affordability model to these figures to estimate the monthly cost for first-time buyers in this price tier. This calculation assumes a 30-year fixed loan at the current rate with no buydowns. The data shows that while prices for entry-level homes have risen slightly compared to last year, the higher interest rates have increased the monthly burden significantly. In September, 101 homes sold in the county. These sales provide a clear view of what is available for buyers with tighter budgets. The median price of $360,000 represents the threshold where affordability becomes a primary constraint for many purchasers in the county. Buyers should note that financing costs are a major factor right now. A 3-2-1 buydown would cost approximately $13,392 to reduce the initial rate, while a 2-1 buydown would cost about $6,804. These concessions can lower monthly payments in the early years but require upfront investment or seller contribution. The market for entry-level homes remains active with 101 closed sales this month, yet the combination of price and rates defines the current landscape for new buyers in Bastrop County. 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 Partner, 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