San Marcos Market Heat Score: Cooling in October

What does a median price drop of 21.5% in one month mean for San Marcos? The ALEX Intelligence Market Heat Score, a composite index weighing days on market, sale-to-list ratio, inventory levels, and price cuts, indicates a significant cooling trend for October 2026. The score reflects a shift from a balanced pace to a slower market. Median days on market rose 15.1% to 84 days across 48 closed sales, while the median close-to-original list ratio dipped slightly to 90.6%. With 379 active listings and 48 closings in the month, the market now holds 5.83 months of inventory, a level that favors buyers over sellers. This composite view combines four key indicators: speed of sale, price negotiation strength, supply availability, and listing price reductions. The sharp decline in median price to $262,034 from $334,000 the prior month drove much of this shift. While 91.5% of homes sold below their original list price, the rate of reduction remained stable compared to last year. The ALEX Intelligence estimate suggests that buyers in San Marcos currently have more leverage than they did a year ago, as properties linger longer and sell for less relative to asking prices. This data-driven score provides a clear snapshot of current market conditions without relying on subjective sentiment. 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