Lakeside at Tessera Sales vs. Neighbors in October

How does a lakefront community compare when the broader region cools? In Lakeside at Tessera, median closed prices dropped 12.8% to $426,495 over the trailing 12 months ending October 31, 2026, while sales volume increased compared to the prior period. This divergence highlights a market where buyers have more leverage and sellers face longer wait times. ALEX Intelligence analyzed the data alongside regional benchmarks to show how this specific community stacks up against its neighbors. The median price per square foot in Lakeside at Tessera stands at $175.07, which is notably lower than the Travis County average of $244.70 and the broader Unlock MLS region average of $197.57. This suggests that while home sizes are comparable, with a median living area of 2,506 square feet, the price point per unit of space remains distinct from the wider county trends. Time on market tells another part of the story. Homes in this community spent an average of 200 days selling, a 23.5% increase compared to the prior period and significantly higher than the regional median of 66 days. This extended timeline indicates that inventory is moving slower here than in surrounding areas. Additionally, 91.7% of homes sold below their original list price, a sharp rise from 75.5% in the prior period, signaling that negotiation power has shifted firmly toward buyers. While the broader region saw median prices hold relatively steady or decline slightly less steeply, Lakeside at Tessera experienced a more pronounced correction. The data shows that while transaction activity remains present with 60 closed sales, the pace of sales and the final price realization differ significantly from the county-wide experience. Buyers in this specific community are navigating a market where patience is rewarded, as the gap between list and sale prices has widened considerably compared to the prior year. 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