Bastrop: How Mortgage Rates Shape Buying Power in November

Deal of the Week

Deal of the Week · 306 Santo Domingo RD, Bastrop TX 78602 · MLS #5546223 · Listed by Keller Williams City-View. 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 $310,000 306 Santo Domingo RD, Bastrop TX 78602 · MLS #5546223 Listed at $286,000, 4 bed, 3.5 bath, 1,684 sq ft. Listed 3% below the ALEX valuation; 11% under the local price per sq ft; price reduced 6% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183313227/306-Santo-Domingo-RD-Bastrop-TX Lower-middle quartile: $310,000 to $378,000 539 Colovista PKWY # B101, Bastrop TX 78602 · MLS #8958739 Listed at $360,000, 4 bed, 2.5 bath, 2,215 sq ft. Listed 5% below the ALEX valuation; 15% under the local price per sq ft; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182516030/539-Colovista-PKWY-B101-Bastrop-TX Upper-middle quartile: $378,000 to $461,000 168 Frontera DR, Bastrop TX 78602 · MLS #8868654 Listed at $410,250, 2 bed, 2 bath, 1,809 sq ft. Listed 5% below the ALEX valuation; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1176297344/168-Frontera-DR-Bastrop-TX Upper quartile: $461,000 and up 907 N State Highway 95 Highway N, Bastrop TX 78602 · MLS #8289333 Listed at $498,000, 4 bed, 3 bath, 3,379 sq ft. Listed 7% below the ALEX valuation; 24% under the local price per sq ft; price reduced 15% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1184160469/907-N-State-Highway-95-HWY-N-Bastrop-TX

Key figures · Bastrop · October 2026

47 homes sold in Bastrop in October 2026 (up 4.4% on a year earlier).

Median sale price: $384,900 (up 2.6% on a year earlier).

Median price per square foot: $183.

Median days on market: 85.

Median sale price as a share of the original list price: 92.5%.

304 homes for sale now, about 5.6 months of supply at the pace of the last six months.

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

What does a 7.18% mortgage rate mean for a buyer in Bastrop today? With the median home price at $384,900 across 47 closed sales in October, the monthly principal and interest payment on a standard 20% down loan is $2,086. A 3/2/1 buydown reduces that first-year payment to $1,502, saving $584 per month, while a 2/1 buydown brings it to $1,687, saving $399 monthly. ALEX Intelligence calculated these scenarios using the median sale price and current market rates to show how buydowns affect affordability. The total cost of a 3/2/1 buydown is $14,244, or 3.7% of the home price, whereas a 2/1 buydown costs $7,236, or 1.88% of the price. These figures represent principal and interest only and do not include taxes or insurance. The data shows that while prices have risen 2.6% compared to last October, the higher rate environment means buyers are paying more for the same monthly cash flow unless they secure a buydown. The median days on market has also increased by 18.1% year-over-year, suggesting that time is available to negotiate these concessions. For those looking at the current market, understanding the cost of a buydown versus the monthly savings is essential. A 3/2/1 buydown offers significant relief in the first three years, with savings dropping to $204 per month in year three. A 2/1 buydown provides two years of reduced payments before the rate adjusts to the note rate. These estimates are based on a 30-year fixed loan at 7.18% and assume a 20% down payment. Buyers should consult with a lender for personalized terms, as individual credit profiles and property taxes can affect final costs. The data reflects October 2026 closed sales and current mortgage rates from the Federal Reserve Economic Data (FRED). 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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