Gillespie County: 11.8 Months of Inventory Signals Buyer Market

How many months of homes are available for sale in Gillespie County right now? The answer is 11.84 months, a figure that clearly defines the current market conditions. This metric represents the time it would take to sell all currently active listings at the current sales pace, assuming no new homes come on the market. With 73 active listings and 36 closed sales over the trailing six-month period, the supply significantly outpaces demand. A market is generally considered a buyer's market when inventory exceeds six months. In Gillespie County, the 11.84 months of inventory indicates strong leverage for buyers, as sellers face longer selling times and increased competition. The median closing price for single-family homes in this window was $649,550, down 28.6% compared to the same period last year when the median was $910,000. While prices have softened, the market remains active with a median of 69 days on market, which is actually 31% faster than the prior six-month period. ALEX Intelligence classifies this environment as a buyer's market based on the inventory-to-sales ratio. Buyers can expect more time to negotiate and potentially find homes priced below their original list values, with 83.3% of recent sales closing below the initial asking price. This data reflects ABOR-listed sales only. 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