Gillespie County Market Recap and Outlook

Gillespie County saw a notable shift in market dynamics over the last six months, with median closed prices rising to $641,600. This represents a 7.8% increase compared to the prior six-month period and a 20.3% decrease from the same window last year. The data reflects a rolling six-month analysis of 37 closed sales, providing a snapshot of current activity in this partial ABOR coverage market. Sales volume also showed improvement, climbing from 28 homes sold in the prior period to 37 in the current window. Despite the price increase, homes are selling faster than before; the median days on market dropped to 64 days, down 11.1% from the previous six months, though still up 23.1% compared to the same period last year. The share of homes closing below original list prices fell to 81.1%, indicating slightly more negotiation leverage for sellers than in the prior period. New construction activity remained modest with 6 closed sales, while total new listings reached 67. Inventory levels remain elevated with 73 active listings, resulting in 11.84 months of supply. The median price per square foot settled at $277, down 10.4% from the prior period but significantly lower than the $410 recorded a year ago. Current mortgage rates stand at 7.24%, influencing buyer purchasing power as the market continues to adjust. ALEX Intelligence analyzed these trends to summarize the current state of Gillespie County real estate, highlighting the balance between rising prices and increased inventory levels over the trailing half-year. 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