Circle C Ranch: Entry-Level Homes and Affordability in October

What does it take to buy an entry-level home in Circle C Ranch today? With the median closing price at $812,000 across 106 sales in the rolling six-month window, affordability is the defining factor for buyers. ALEX Intelligence analyzed the bottom quartile of recent transactions to determine the current entry threshold. At a 7.24% mortgage rate from Freddie Mac, the monthly principal and interest payment on a median-priced home comes to $4,427. This baseline helps explain why buyers are increasingly looking at price tiers below the median to find viable options. The data shows that homes in this segment are selling quickly, with a median of just 9 days on market compared to 25 days in the prior six-month period. However, the share of homes selling below original list price has dropped significantly, indicating strong competition even at lower price points. Buyers relying on financing face a tighter landscape where payment-to-price ratios are critical. For those considering buydowns, a 3-2-1 buydown would cost approximately $30,132 to reduce the rate from 7.24% to 4.24% in the first year, while a 2-1 buydown costs about $15,312. These concessions can bridge the gap between current rates and monthly budgets for entry-level purchasers. The median living area for these sales is 2,859 square feet, suggesting that size remains a key component of value in this price bracket. As inventory tightens with only 1.3 months of supply, entry-level buyers must act decisively to secure a home before prices shift further. 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