Gillespie County vs. Neighbors: A Market Comparison

How does a market with just 37 closed sales in six months compare to the broader region? In Gillespie County, the median sale price reached $641,600, which is significantly higher than the regional median of $409,000. This comparison relies on a benchmark matrix that aligns key metrics across peer areas to show relative performance. While prices in Gillespie remain elevated compared to the wider Unlock MLS region, the pace of sales has slowed. The median days on market rose to 64 days, an increase of 23.1% compared to the same period last year. In contrast, the regional average for days on market is 56 days. This suggests that while homes in Gillespie County command higher prices, they are taking longer to sell than the typical property in the broader region. Price per square foot tells a similar story of divergence. At $277 per square foot, Gillespie is well above the regional average of $207 per square foot. However, this premium comes with a steeper decline year-over-year; prices per square foot dropped 32.4% compared to last year, whereas the regional data does not show a comparable drop in the same metric for the current period. The gap between list and sale price also widened slightly. Homes sold for 93.9% of their original list price, down from 95.8% last year. This indicates that while buyers still negotiate, the discounting pressure is more pronounced here than in the broader region where the ratio remains at 93.9%. ALEX Intelligence analyzed these comparative figures to highlight how a smaller, higher-priced market like Gillespie County behaves differently from the aggregate regional trends during this six-month window. Want to see this home? Call or text George at 713.918.9951 for a private 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