Southeast Austin: Mortgage Rates and Buying Power in October

Deal of the Week

Deal of the Week · 5308 Meadow CRST, Austin TX 78744 · MLS #3289221 · Listed by TCP Real Estate, Inc.. ALEX valuation $318,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $328,000 5308 Meadow CRST, Austin TX 78744 · MLS #3289221 Listed at $279,000, 3 bed, 2 bath, 1,486 sq ft. Listed 12% below the ALEX valuation; 23% under the local price per sq ft; price reduced 14% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1186995525/5308-Meadow-CRST-Austin-TX Lower-middle quartile: $328,000 to $375,000 11725 Domenico CV, Austin TX 78747 · MLS #8480552 Listed at $374,990, 3 bed, 2.5 bath, 2,051 sq ft. Listed 15% below the ALEX valuation; 18% under the local price per sq ft; price reduced 18% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1168815799/11725-Domenico-CV-Austin-TX Upper-middle quartile: $375,000 to $489,000 11223 Tom Sassman RD, Austin TX 78747 · MLS #1939445 Listed at $400,000, 3 bed, 2 bath, 1,264 sq ft. Listed 10% below the ALEX valuation; price reduced 27% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1177923591/11223-Tom-Sassman-RD-Austin-TX Upper quartile: $489,000 and up 2400 Braemar CV, Austin TX 78747 · MLS #8135826 Listed at $499,900, 3 bed, 2 bath, 1,995 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 15% under the local price per sq ft; price reduced 7% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1176692705/2400-Braemar-CV-Austin-TX

Key figures · Southeast Austin · October 2026

59 homes sold in Southeast Austin in October 2026 (down 7.8% on a year earlier).

Median net sale price: $373,865 (down 9.6% on a year earlier).

Median price per square foot: $198.

Median days on market: 55.

Median sale price as a share of the original list price: 94.7%.

359 homes for sale now, about 4.8 months of supply at the pace of the last six months.

Source: Unlock MLS, October 2026. Single-family homes; prices net of seller-paid concessions, the same figures as the ALEX market statistics pages. Information deemed reliable but not guaranteed.

What does a 7.11% mortgage rate mean for buyers in Southeast Austin this month? With the median closing price at $373,865 across 59 closed sales in October, ALEX Intelligence modeled monthly payments to show how rates and buydowns affect affordability. At today's rate of 7.11%, a buyer putting 20% down on a median-priced home faces a principal-and-interest payment of $2,012 per month. That figure is the baseline for comparing how buydowns change cash flow. A standard 3-2-1 buydown would cost $13,788 (about 3.69% of the price) and reduce the first-year payment to $1,447, saving $565 monthly. In year two, the rate steps to 5.11% with a $1,626 payment, and in year three it moves to 6.11% at $1,814. A shorter 2-1 buydown costs $7,008 (about 1.87% of the price) and lowers the first-year payment to $1,626, saving $385 monthly, with a second-year rate of 6.11% at $1,814. These scenarios assume a 30-year fixed loan and do not include taxes or insurance. The data also shows that median price per square foot fell 2.6% from the prior month to $197.58, while homes sold in 55 days on average, down 19.1% from September. The median close-to-original list ratio was 0.947, up slightly from the prior period. These figures reflect current market conditions and should be read as estimates based on ALEX Intelligence analysis, not appraisals. Mortgage rate source: Freddie Mac Primary Mortgage Market Survey, 30-year fixed, week of Nov 12, 2026 (FRED MORTGAGE30US). 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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