Driftwood Market Pulse: Prices Rise, Sales Volume Doubles

Driftwood home prices rose 3.9% to a median of $1,000,000 in the six months ending September 30, 2026, while sales volume more than doubled compared to the prior period. This analysis covers 52 closed sales, providing a clear view of the local market trajectory. The median days on market dropped significantly by 53.2% to 36 days, indicating homes are selling much faster than in the previous six-month window. Despite this acceleration, the median close-to-original list ratio improved slightly to 96.2%, suggesting buyers are still negotiating below asking prices in most transactions. Compared to the same period last year, the median price is down 8.1% to $1 million, and the median price per square foot fell 10.1% to $304. However, the market has shown resilience with a 2.9% increase in days on market compared to last year, stabilizing after a period of rapid turnover. ALEX Intelligence analyzed these figures to highlight that while prices remain lower than the previous year, the current pace of sales and reduced time on market signals a shift toward a more active environment for sellers. The median living area sold was 3,293 square feet, slightly smaller than the prior period's 3,514 square feet. With 47 active listings currently available, the market maintains a balanced inventory level relative to the recent sales pace. This data reflects the dynamic nature of the Driftwood real estate sector as it navigates seasonal shifts and broader economic factors. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. 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