| 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 · 2026-11-02
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 $250,000
22 Steele ST, Lampasas TX 76550 · MLS #1596357
Listed at $230,000, 3 bed, 2 bath, 1,232 sq ft. Listed 4% below the ALEX valuation; price reduced 13% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1182525142/22-Steele-ST-Lampasas-TX
Lower-middle quartile: $250,000 to $325,000
13 Cockrell CIR, Lampasas TX 76550 · MLS #4113203
Listed at $250,000, 2 bed, 1.5 bath, 1,386 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 22% under the local price per sq ft.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1186271258/13-Cockrell-CIR-Lampasas-TX
Upper-middle quartile: $325,000 to $469,000
1218 Stone Valley DR, Lampasas TX 76550 · MLS #5262513
Listed at $397,076, 4 bed, 2.5 bath, 1,872 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; price reduced 1% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1168893406/1218-Stone-Valley-DR-Lampasas-TX
Upper quartile: $469,000 and up
2812 County Road 205, Lampasas TX 76550 · MLS #8596656
Listed at $575,000, 5 bed, 3 bath, 3,756 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 19% under the local price per sq ft; price reduced 4% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1187774425/2812-County-Road-205-Lampasas-TX
Key figures · Lampasas · rolling 6 months ending Oct 31, 2026
- 48 homes sold in Lampasas in the 6 months ending Oct 31, 2026 (up 65.5% on a year earlier).
- Median sale price: $340,000 (up 14.5% on a year earlier).
- Median price per square foot: $196.
- Median days on market: 59.
- Median sale price as a share of the original list price: 95.3%.
- 42 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.
How does a small market like Lampasas balance fresh inventory against steady demand? In the rolling six months ending October 31, 2026, the city saw 50 new listings enter the market while 48 homes closed. This near-equal flow suggests a tightening supply gap where new supply is almost keeping pace with sales activity.
ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to visualize this balance. The data shows that while 50 properties were added, the 48 closed sales indicate robust absorption. However, the median days on market for these transactions was 59 days, a figure that has decreased by 34.4% compared to the prior six-month period but remains 13.5% higher than the same window last year.
The supply dynamic is further highlighted by the fact that only 48 homes closed in this timeframe, a significant increase from the 24 sales recorded in the previous six months. Despite this surge in activity, the median close price rose to $340,000, up 18.3% from the prior period. This indicates that while new listings are entering the market, the rate of absorption is accelerating, keeping inventory levels relatively stable despite the seasonal fluctuations typical of a Tier B market.
The balance between incoming supply and outgoing sales remains the critical metric for buyers and sellers in Lampasas. With 50 new listings matching 48 closings, the market is currently operating with a tight equilibrium, where every new listing has a significant impact on available inventory.
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 Oct 31, 2026, n=48 closed sales and 50 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










