| George Arnold Alexander III, MPA |
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Lampasas New Listings vs. Closings: The Supply Gap
By George Arnold Alexander III, MPA · Associate Broker · 2026-10-30
Deal of the Week

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 $249,000
1120 Nix RD, Lampasas TX 76550 · MLS #2075197
Listed at $229,900, 3 bed, 1 bath, 1,180 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; price reduced 4% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1182517483/1120-Nix-RD-Lampasas-TX
Lower-middle quartile: $249,000 to $325,000
708 W North Ave, Lampasas TX 76550 · MLS #7163525
Listed at $285,000, 2 bed, 2 bath, 1,972 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 7% under the local price per sq ft; price reduced 12% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1182888413/708-W-North-Ave-Lampasas-TX
Upper-middle quartile: $325,000 to $432,000
502 W Avenue A, Lampasas TX 76550 · MLS #4942110
Listed at $325,000, 3 bed, 2 bath, 2,341 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 10% under the local price per sq ft; price reduced 7% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1185314914/502-W-Avenue-A-Lampasas-TX
Upper quartile: $432,000 and up
224 Blackbuck Ridge DR, Lampasas TX 76550 · MLS #1114216
Listed at $749,000, 3 bed, 3 bath, 2,532 sq ft. Listed 24% below the ALEX valuation; price reduced 16% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1180099851/224-Blackbuck-Ridge-DR-Lampasas-TX
Key figures · Lampasas · rolling 6 months ending Sep 30, 2026
- 47 homes sold in Lampasas in the 6 months ending Sep 30, 2026 (up 123.8% on a year earlier).
- Median sale price: $345,000 (up 16.2% on a year earlier).
- Median price per square foot: $192.
- Median days on market: 59.
- Median sale price as a share of the original list price: 94.5%.
- 41 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 Sep 30, 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.
In Lampasas, the balance between new supply and buyer demand shifted noticeably over the past half-year. A total of 52 new listings entered the market while 47 homes closed in the rolling six months ending September 30, 2026. This dual-axis view of supply and demand reveals a tightening gap where incoming inventory is nearly matching the pace of sales.
ALEX Intelligence analyzed the flow of these transactions to highlight the current state of the local market. The median close price for these 47 homes reached $345,000, up 17.6% from the prior six-month period. Simultaneously, the median days on market dropped to 59 days, a 27.2% decrease compared to the previous window, indicating that homes are moving faster as supply stabilizes.
The ratio of new listings to closed sales suggests a market that is becoming more balanced. With 41 active homes currently available and 5.23 months of inventory on hand, buyers have slightly more options than in the immediate past, yet the rapid turnover of new stock keeps competition steady. This dynamic reflects a local environment where fresh supply is being absorbed efficiently without creating a surplus.
The data underscores a market responding to demand: as new listings arrive, they are matched by closings at an accelerating rate. For sellers, this means listing activity is critical to maintaining momentum. For buyers, the narrowing gap suggests that waiting for a significant surge in inventory may not be the most effective strategy when sales velocity remains high.
The median price per square foot also rose 9.1% to $192, reinforcing the trend of increasing values alongside faster turnover. While the number of new construction closings remained low at three units, the overall volume of activity signals a resilient market where supply and demand are closely aligned.
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
Source data: Unlock MLS, rolling 6 months ending Sep 30, 2026, n=47 closed sales and 52 new listings
Cover photo: (311-319 E. 3rd Street - Lampasas Texas) - DPLA - 0ff185c8d1885a854ec9b2b7818b51e5 by Hicks, William, CC BY 4.0, via Wikimedia Commons; darkened, cropped and text added.
Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov










