Bastrop County: October Market Recap and Outlook

Deal of the Week

123 Saranac DR, Elgin TX 78621
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 $293,000 123 Saranac DR, Elgin TX 78621 · MLS #5423569 Listed at $215,000, 3 bed, 2 bath, 1,274 sq ft. Listed 11% below the ALEX valuation; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187358304/123-Saranac-DR-Elgin-TX Lower-middle quartile: $293,000 to $345,000 225 Waikakaaua DR, Bastrop TX 78602 · MLS #7083557 Listed at $314,990, 4 bed, 2 bath, 1,644 sq ft. Listed 7% below the ALEX valuation; 6% under the local price per sq ft; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1185322594/225-Waikakaaua-DR-Bastrop-TX Upper-middle quartile: $345,000 to $440,000 167 Puu Waa Waa LN, Bastrop TX 78602 · MLS #7389997 Listed at $375,000, 3 bed, 2 bath, 1,737 sq ft. Listed 7% below the ALEX valuation; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1180256548/167-Puu-Waa-Waa-LN-Bastrop-TX Upper quartile: $440,000 and up 179 Wild Horse DR, Cedar Creek TX 78612 · MLS #8646566 Listed at $450,000, 3 bed, 3 bath, 2,564 sq ft. Listed 9% below the ALEX valuation; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182524106/179-Wild-Horse-DR-Cedar-Creek-TX

Key figures · Bastrop County · October 2026

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

Market figures by town

Bastrop County saw median home prices rise to $350,000 in October, marking a 3.2% increase compared to the same month last year. This price growth occurred alongside a 16.0% decline in sales volume, with 79 closed transactions falling short of the 94 closings recorded in October 2025. The market also cooled relative to September, as sales dropped 24.8% and median prices dipped 2.8% from the previous month. Days on market extended significantly, rising 23.0% to a median of 91 days compared to prior period figures. Homes continued to sell for less than their original list price, with 86.1% of sales closing below asking, though this share decreased slightly year-over-year. The median price per square foot fell 6.8% from last October to $178, while the average home size grew 5.3% to 1,932 square feet. New construction activity remained a key driver, accounting for 32 of the 79 closings. Inventory levels remain elevated with 703 active listings, creating a 6.26-month supply. At current sales rates, this volume suggests a balanced market where buyers have time to evaluate options without immediate pressure. ALEX Intelligence analyzed these trends using a rolling dashboard of monthly closed sales and inventory metrics to summarize the October performance. The data reflects a market adjusting to higher interest rates, with prices holding steady despite reduced transaction activity. 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
George Arnold Alexander III, MPA
MIT, Nvidia, Google, AWS & IBM-Trained. Cross-Domain Expert. Castor Venture Club.
Partner, ALEX Companies
Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et al.
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Source data: Unlock MLS closed sales, October 2026, n=79
Cover photo: Bastrop by gillfoto, CC BY-SA 4.0, via Wikimedia Commons; darkened, cropped and text added.
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Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B  ·  George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
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