Spicewood Market Pulse: Prices Dip in September

Spicewood saw a notable shift in September as median home prices dropped 4.1% to $612,500 while the number of closed homes rose 26.1% compared to August. This combination suggests increased activity despite lower price points across the 29 sales recorded this month. The market also experienced a significant cooling in speed. Median days on market jumped 61.3% to 100 days, indicating properties are taking longer to sell than in the prior month. Homes sold for 90.9% of their original list price on average, down slightly from the previous period. Compared to September 2025, prices are down 18.3%, though the number of sales is up 70.6%. The median home size sold this month was 2,306 square feet, which is 12.1% smaller than the prior month and 20.8% smaller than the same time last year. With 223 active listings and 29 closings in September, the market currently holds 8.21 months of inventory. This level suggests a shift toward buyer conditions compared to the tighter supply seen earlier in the year. Current mortgage rates stand at 7.32% according to Freddie Mac data for the week of October 22, 2026. ALEX Intelligence analyzed these figures to provide a clear view of current market dynamics without projecting future trends. The data reflects a period where affordability and inventory levels are reshaping buyer behavior in Spicewood. 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