San Marcos Monthly Market Pulse: Prices Drop in October

What does a 19.7% drop in median price mean for buyers and sellers in San Marcos? In October 2026, the median close price settled at $268,859 across 48 closed sales, down from $335,000 in September. This sharp decline marks a significant shift compared to the same month last year, when prices were $353,080, representing a 23.9% decrease year-over-year. The market is also moving slower. Homes spent an average of 90 days on the market, up 20% from September and nearly 10% higher than October 2025. Despite the price adjustments, sellers are still accepting offers below their original list prices in most cases; 89.6% of closed sales went for less than the initial asking price. The median close-to-original list ratio held steady at 90.4%, indicating that negotiation remains a standard part of the process. New supply has increased, with 66 new listings entering the market this month compared to 71 in September. However, the number of closed sales dropped slightly by 5.9% from the prior month and fell 5.9% year-over-year. With 385 active listings currently on the market, the area is holding a balanced inventory level, though the pace of transactions has clearly cooled compared to the previous quarter. ALEX Intelligence analyzes these trends to provide a clear picture of current conditions without projecting future movements. The data reflects a market where prices are correcting and time on market is extending, offering potential buyers more negotiating leverage while sellers face a longer path to closing. Want to see this home? Call or text George at 713.918.9951 for a private 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