Milam County vs. Neighbors: A Price and Speed Comparison

Milam County median home prices sit at $249,500, significantly below the broader region's median of $409,000 across 2,203 closed sales. This price gap persists even as local homes sell more quickly than they did a year ago, with median days on market dropping to 68 from 83 in the same period last year. The speed of sale in Milam remains slower than the regional average of 56 days, yet buyers are closing deals at a higher percentage of the original list price compared to the prior six-month window. The close-to-list ratio rose to 92.2%, up from 91.1% previously and slightly above the 91.8% recorded a year ago. Inventory levels tell a different story, with 7.08 months of supply currently available, suggesting a market that is still favoring buyers despite the improved sales velocity. While the region moves at a median price per square foot of $207, Milam transactions average $153 per square foot, reflecting a distinct value proposition for purchasers in this county. New construction activity remains steady with 19 closed sales in the rolling six-month window, contributing to the overall volume of 78 homes sold. The data indicates that while Milam does not match the regional price point or speed, it offers a more affordable entry point with a competitive close-to-list ratio compared to historical trends. 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