Llano County Market vs. Neighbors: Prices Down 28% in September

Llano County's median home price dropped to $665,000 in September, a 28.1% decline compared to the same month last year when prices reached $925,000. This sharp correction stands in contrast to regional trends where the Unlock MLS region maintained a median of $405,000. While Llano's price per square foot fell 30.3% year-over-year to $287, the broader market saw a more modest decrease. The pace of sales has also slowed significantly. Homes in Llano County spent an average of 96 days on the market in September, up 6.7% from last year and 37.1% longer than the prior month. This extended timeline reflects a shift toward buyer leverage, with 96.2% of homes selling below their original list price compared to 88.5% in August. Inventory levels remain elevated with 317 active listings, creating a 12.27-month supply of homes. In comparison, the regional benchmark shows a median of 56 days on market and a closer-to-list ratio of 94.1%. The local market is currently characterized by larger homes selling for less; the median living area grew to 2,546 square feet, up 27.6% from last year, while prices contracted. ALEX Intelligence analysis indicates that Llano County is currently outperforming the regional average in terms of price reductions but lagging in sales velocity. The data suggests a market where buyers have significant negotiating power, particularly for properties listed above $2,762,000, which defines the current luxury threshold. 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