Easton Park October Market Recap and Outlook

Easton Park saw 24 closed sales in October with a median price of $538,622, representing a 1.8% decline from September but a 20% increase compared to the same month last year. The market remains active with 79 homes currently for sale and 3.4 months of inventory, indicating a balanced environment where buyers have choices without facing severe scarcity. New construction continues to drive volume, accounting for 18 of the 24 closings this month. While the median home size shrank slightly to 2,410 square feet from 2,463 in September, the price per square foot held steady at $218. Sellers are negotiating closer to their original asking prices, with homes selling at 95.8% of the list price on average, a slight improvement over the prior month. Days on market increased significantly to 83 days, up 38.3% from September and 2.5% higher than last October, suggesting buyers are taking more time to evaluate options. Despite the slower pace, transaction volume remains robust compared to historical lows, with sales up 20% year-over-year. With mortgage rates at 7.18%, buyers utilizing buydowns can reduce initial payments by thousands of dollars, though the cost of these incentives ranges from $10,116 for a 2-1 buydown to $19,920 for a 3-2-1 structure. The data reflects a market that is stabilizing after recent fluctuations, with prices holding firm despite longer selling times. As inventory levels remain steady, the coming months will likely see continued negotiation activity as buyers and sellers adjust to current financing costs. This October recap underscores the resilience of the Easton Park community even as broader economic factors influence buyer behavior. 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