Mueller Entry-Level Homes: Affordability Check for November

What does it take to buy an entry-level home in Mueller today? The median price for homes in the bottom quartile of the market is $977,000. This figure represents the threshold for affordable inventory within this specific Austin neighborhood over the last six months. ALEX Intelligence analyzed 21 closed sales to determine that the bottom quartile of prices defines the current entry point. While the median price rose 2.4% compared to the prior six-month period, the market has tightened significantly. The number of days homes spend on the market dropped by 42.1%, indicating that these entry-level properties are moving faster than before. With a mortgage rate at 7.11% as of mid-November, monthly payments for this price tier require careful budgeting. A buyer putting 20% down on a $977,000 home faces a principal and interest payment of $5,258 per month. To lower that burden, a 3-2-1 buydown could reduce the first-year rate to 4.11%, saving roughly $1,477 monthly, though it would cost approximately $36,000 upfront. The data shows that while prices are up slightly, the speed of sales suggests strong demand for these specific entry-level units. Buyers should be prepared to act quickly when a home in this price range becomes available. Sample size: 21 closed sales. Window: Rolling 6 months ending Oct 31, 2026. 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