San Marcos September Market Recap and Outlook

San Marcos saw median home prices climb to $335,000 in September, a 7.2% increase from August across 51 closed sales. This marks the highest monthly price point since early 2025, even as the number of homes sold dropped 17.7% compared to the prior month. The market remains active with new listings rising to 77, though total sales volume remains below the 68 transactions recorded in September 2025. ALEX Intelligence analyzed the full year of data to identify seasonal patterns and current trends. Homes spent an average of 75 days on the market, up 17.2% from August but still slightly higher than the 72 days seen last year. Buyers negotiated a median close-to-original list ratio of 90.4%, with 92.2% of sales closing below the original asking price. Inventory levels stand at 5.95 months, indicating a balanced market where supply and demand are relatively stable. The median home size grew to 1,929 square feet, reflecting a 3.8% increase in living area compared to August. While new construction accounted for nearly half of the closed sales with 24 units, the overall pace of transactions suggests buyers are becoming more selective as mortgage rates hold near 7.32%. Looking ahead, the data shows price resilience despite lower transaction volume. The median price per square foot rose to $183, up 5.8% from August, signaling continued value in the current inventory. With 395 active listings and a steady flow of new supply, the market appears poised for gradual stabilization rather than rapid shifts in either direction. 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