Gillespie County Market Pulse: Prices Up, Sales Down

Gillespie County home prices are showing resilience with a median close of $641,600, up 7.8% from the prior six-month period. This increase occurred across 37 closed sales in the rolling window ending October 31, 2026. While the median price rose, the median price per square foot fell to $277, a 10.4% decrease from the previous period and 32.4% lower than the same window last year. The market remains active with homes spending an average of 64 days on market, down 11.1% from the prior six months but still 23.1% longer than a year ago. Buyers are negotiating effectively, with 81.1% of sales closing below the original list price. The median close-to-original-list ratio stands at 0.939, indicating that sellers are accepting offers slightly below their initial asking prices. Inventory levels suggest a buyer-friendly environment, with 72 active listings representing roughly 11.7 months of supply based on recent sales velocity. New construction accounted for six of the 37 closed sales in this period. The median living area for sold homes was 2,012 square feet, down 4.9% from the prior period. ALEX Intelligence analyzed these figures to highlight that while overall values are trending upward, the price per unit of space is adjusting downward. This dynamic reflects a market where larger or older properties may be driving the median price up, even as smaller homes or those with lower price-per-square-foot valuations dominate the transaction volume. The data confirms a shift in buyer leverage and pricing dynamics over the last half-year. 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