Gillespie County: Entry-Level Homes in Focus

What defines an entry-level home in Gillespie County today? For buyers looking at the bottom quartile of recent sales, the median price is $435,000. This figure represents the lower end of the market across 42 closed sales in the rolling six months ending September 30, 2026. ALEX Intelligence analyzed the bottom price quartile to determine affordability for first-time buyers or those seeking a smaller footprint. The current median close price for the entire county is $602,500, but entry-level opportunities cluster significantly lower at $435,000. This represents a 17.5% drop compared to the same period last year, when the entry-level median was higher. The market remains active with 42 closed sales in the current window, up from 28 in the prior six-month period. However, buyers should note that homes are taking longer to sell, with a median of 67 days on market compared to 49 days a year ago. With mortgage rates at 7.32% as of late October, financing costs remain a key factor for these entry-level purchases. The data shows a shift in the types of homes selling at this price point, with the median living area dropping to 1,958 square feet from 2,180 in the prior period. This suggests that smaller or more modest properties are driving the entry-level segment. While the overall market median has softened, the entry-level tier offers a distinct value proposition for those navigating the current rate environment. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in Gillespie County are listed in the Central Hill Country MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. 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