Bastrop County: New Listings vs. Closings Show Supply Gap

In October, Bastrop County saw a notable divergence between new supply and buyer demand. While 152 new homes hit the market, only 84 properties successfully closed to sale. This gap between new listings and closings defines the current supply dynamic for buyers and sellers in the area. The number of new listings dropped 10% compared to September's 169, while closed sales fell even sharper at 19%, down from 104 transactions. A shrinking pool of active inventory often signals a tightening market, yet the drop in closings suggests buyers are still hesitating or facing financing hurdles despite fewer options. ALEX Intelligence analyzed the dual-axis trend to highlight this imbalance. When new supply outpaces closings, prices typically soften; when closings outpace new listings, competition intensifies. Here, the sharper decline in sales indicates that demand is currently contracting faster than the rate at which homes are being listed. The median price for closed sales settled at $330,545 across 84 transactions, a 2% decrease from the prior month. Meanwhile, the median days on market stretched to 97 days, up 9% from September. This combination of lower volume and longer listing times suggests a market where sellers may need to adjust expectations as the inventory gap shifts. The data reflects a cooling phase where supply is stabilizing but buyer activity remains subdued. Understanding this ratio helps stakeholders gauge whether to list now or wait for conditions to shift in the coming months. 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