Gillespie County Entry-Level Homes: Affordability Check

What does it take to buy an entry-level home in Gillespie County today? The bottom quartile of closed sales over the last six months shows a median price of $435,000 for homes with at least five transactions in that tier. This figure represents the most affordable segment of the market based on the trailing 12-month data window used for this analysis. ALEX Intelligence applied an affordability index to these figures using current financing costs. With a median sale price of $649,550 across all sales and a mortgage rate of 7.11% as of November 12, 2026, the monthly payment burden for entry-level buyers has shifted significantly compared to prior periods. The data indicates that while prices in the lower tier have remained relatively stable, the cost of borrowing remains elevated. The market currently shows a median price per square foot of $271.50 for the broader category, but entry-level properties often differ in size and condition. In this rolling six-month window, 36 single-family homes closed, providing a sample size sufficient to track trends without projecting future direction. Buyers should note that the share of sales below original list price was 83.3%, suggesting negotiation room remains even for lower-priced inventory. This analysis relies on median values from the bottom quartile of sales, excluding new construction outliers where applicable. The data reflects ABOR-listed sales only and does not include rental or lease transactions. For a complete picture of current supply, active listings stand at 71 homes as of the end of October. 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