Driftwood: How Mortgage Rates Shape Buying Power in November

Deal of the Week

Deal of the Week · 17501 W FM 150, Driftwood TX 78619 · MLS #7903911 · Listed by The Stiles Agency. ALEX valuation $445,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $850,000 17501 W FM 150, Driftwood TX 78619 · MLS #7903911 Listed at $460,000, 3 bed, 2 bath, 2,040 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 29% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188081509/17501-W-FM-150-Driftwood-TX Lower-middle quartile: $850,000 to $1,075,000 1501 Woods LOOP, Driftwood TX 78619 · MLS #2401077 Listed at $949,000, 4 bed, 2.5 bath, 4,136 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 28% under the local price per sq ft; price reduced 5% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186649157/1501-Woods-LOOP-Driftwood-TX Upper-middle quartile: $1,075,000 to $1,280,000 200 Onion Creek LN, Driftwood TX 78619 · MLS #8157422 Listed at $1,219,900, 4 bed, 4.5 bath, 3,992 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; price reduced 11% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182515115/200-Onion-Creek-LN-Driftwood-TX Upper quartile: $1,280,000 and up 609 S Creekwood DR, Driftwood TX 78619 · MLS #6715619 Listed at $1,650,000, 7 bed, 5 bath, 3,914 sq ft. Listed 5% below the ALEX valuation; price reduced 8% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1175474258/609-S-Creekwood-DR-Driftwood-TX

Key figures · Driftwood · rolling 6 months ending Oct 31, 2026

51 homes sold in Driftwood in the 6 months ending Oct 31, 2026 (up 8.5% on a year earlier).

Median sale price: $1,085,000 (up 0.6% on a year earlier).

Median price per square foot: $305.

Median days on market: 38.

Median sale price as a share of the original list price: 96.3%.

44 homes for sale now, about 5.2 months of supply at the pace of the last six months.

Source: Unlock MLS, rolling 6 months ending Oct 31, 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.

What does a 7.18% mortgage rate mean for a buyer in Driftwood today? With the median closed price at $1,085,000 across 51 sales in the rolling six months ending October 31, 2026, the monthly principal and interest payment on a loan amount of $868,000 is $5,880. This figure comes from ALEX Intelligence applying current market rates to the median home price. If a buyer secures a 3-2-1 buydown, the rate drops to 4.18% in year one, cutting the monthly payment to $4,235 and saving $1,645 per month. The total cost for this buydown is $40,128, or 3.7% of the median sale price. A 2-1 buydown offers a smaller reduction, costing $20,388 (1.88% of price) while lowering the rate to 5.18% in the first year. These scenarios illustrate how financing terms directly impact affordability in this high-value market. While the median price rose 10.4% compared to the prior six-month period, the higher interest rate environment increases the monthly cost of ownership significantly. Buyers should weigh the upfront cost of a buydown against long-term savings when evaluating homes priced near the $1 million mark. ALEX Intelligence estimate, not an appraisal. 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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