Bertram Market Pulse: Prices Rise in Rolling Six Months

Bertram home prices have climbed steadily over the past half-year, with the median sale price reaching $311,999 across 71 closed sales. This represents a 7.4% increase compared to the prior six-month period and a 6.4% gain from the same window last year. The market is absorbing inventory at a pace that suggests steady demand, even as the median price per square foot dipped slightly by 2.9% to $169. Homes are selling faster than they did in the previous six-month window, with the median days on market dropping to 56 days from 58 days. However, properties are taking longer to sell compared to a year ago, with the median time on market up 14.3% from 49 days. Buyers are negotiating closer to list prices than they did six months ago; the median close-to-original list ratio improved to 0.943, up 2.8%, though it remains below the level seen a year ago. The current inventory of 70 active listings creates approximately 5.9 months of supply based on the recent sales pace. This volume indicates a balanced market where neither buyers nor sellers hold a distinct advantage. New construction continues to play a significant role, accounting for 46 of the 71 closed sales in this period. With mortgage rates at 7.32% according to Freddie Mac data from late October, affordability remains a key factor for local buyers navigating these shifting conditions. 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