Lampasas Market Recap: Prices Rise, Sales Slow in October

Lampasas home prices have climbed significantly over the last half-year, with the median closing price reaching $340,000. This figure represents a 21.0% increase compared to the prior six-month period and a 15.3% rise from the same window last year. The market is moving faster as well; homes spent an average of 69 days on market, down 23.3% from the previous six months and 12.7% lower than a year ago. ALEX Intelligence analyzed 47 closed sales to determine that buyers are paying closer to asking prices today. The median close-to-original list ratio stands at 0.945, up slightly from 0.94 in the prior period. Despite this momentum, supply remains tight with only 43 active listings, creating a 5.38-month inventory level. New construction activity contributed five sales to the total, while the median home size grew to 1,710 square feet. Although prices are up, the number of homes sold in the most recent month dropped compared to the prior month, reflecting typical seasonal fluctuations in this smaller market. The data indicates a market where values are appreciating even as transaction volumes fluctuate. 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