Lockhart September Market Recap and Outlook

Deal of the Week

Deal of the Week · 703 Rosewood ST, Lockhart TX 78644 · MLS #3594141 · Listed by Joseph Walter Realty, LLC. ALEX valuation $99,000 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 $220,000 703 Rosewood ST, Lockhart TX 78644 · MLS #3594141 Listed at $94,900, 4 bed, 1 bath, 1,195 sq ft. Listed 4% below the ALEX valuation; 51% under the local price per sq ft; price reduced 4% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1189899321/703-Rosewood-ST-Lockhart-TX Lower-middle quartile: $220,000 to $270,000 223 Pitkin DR, Lockhart TX 78644 · MLS #1452688 Listed at $259,999, 4 bed, 2 bath, 1,454 sq ft. Listed 3% below the ALEX valuation; price reduced 7% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187159902/223-Pitkin-DR-Lockhart-TX Upper-middle quartile: $270,000 to $390,000 2024 Applewood DR, Lockhart TX 78644 · MLS #7205974 Listed at $289,000, 4 bed, 3 bath, 1,686 sq ft. Listed 5% below the ALEX valuation; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1176886282/2024-Applewood-DR-Lockhart-TX Upper quartile: $390,000 and up 9765 FM 20, Lockhart TX 78644 · MLS #7316724 Listed at $450,000, 3 bed, 2 bath, 1,856 sq ft. Listed 17% below the ALEX valuation; price reduced 18% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187045433/9765-FM-20-Lockhart-TX

Key figures · Lockhart · September 2026

16 homes sold in Lockhart in September 2026 (down 46.7% on a year earlier).

Median sale price: $354,900 (up 13.6% on a year earlier).

Median price per square foot: $165.

Median days on market: 92.

Median sale price as a share of the original list price: 86.6%.

130 homes for sale now, about 5.5 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.

Lockhart saw a significant shift in September as the median sale price climbed to $354,900, up 26.8% from August and 13.6% higher than September 2025. This price increase occurred alongside a sharp drop in sales volume, with only 16 homes closing compared to 25 in the prior month and 30 in the same period last year. The market also experienced a notable slowdown in speed, with the median days on market jumping to 92 days, a 76.9% increase from the previous year. The ratio of final sale price to original list price fell to 86.6%, indicating that buyers are negotiating more aggressively than in recent months. Despite the slower pace and lower volume, the median price per square foot remained stable at $165, matching the level seen a year ago. New construction activity continued to play a role, with 10 new-construction homes closing out of the total 16 sales. Current inventory stands at 130 active listings, resulting in approximately 5.45 months of supply. This level suggests a balanced market where neither buyers nor sellers hold a distinct advantage. With mortgage rates at 7.32% according to Freddie Mac data from late October, affordability remains a key factor for local buyers. The combination of higher prices and longer selling times points to a market adjusting to current economic conditions rather than experiencing rapid growth or decline. Looking ahead, the stability in price per square foot suggests underlying value persists even as transaction volume fluctuates. Buyers may find more negotiating power given the extended time listings spend on the market, while sellers face a reality where quick sales are less common. The data reflects a market in transition, balancing higher valuations against reduced buyer activity and increased inventory levels. 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