Gillespie County: How List Prices Compare to Sells

In Gillespie County, the gap between asking and selling prices has narrowed slightly over the last half-year. The median home sold for $641,600, a 7.8% increase from the prior six-month period, yet buyers secured homes at an average of 93.9% of the original list price. This close-to-original list ratio represents a 0.5% decline compared to the previous window and is 2.0% lower than the same period last year. ALEX Intelligence analyzed the relationship between original listing prices and final sale prices for 37 closed sales to determine this trend. The data shows that while median prices have climbed, negotiation leverage has shifted slightly toward buyers or sellers are adjusting expectations more aggressively before closing. Currently, 81.1% of homes sold below their original list price, a figure that is down 9.2% from the prior period and 7.3% lower than last year. The median price per square foot also saw movement, dropping to $277 from $309 in the prior window, a 10.4% decrease. This suggests that while total prices are rising, the average size of homes sold may be influencing the per-square-foot metric. With 37 closed sales providing a solid sample for this Tier B analysis, the market shows resilience in price levels despite a longer median days on market of 64 days. The data reflects ABOR-listed sales only and does not represent the entire local market. 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