Spicewood October Market Recap and Outlook

Spicewood's housing market posted a significant price increase in October, with the median sale price reaching $677,500. This figure represents a 29.2% jump compared to the same month last year and a 6.5% rise from September. The market recorded 22 closed sales, which is a 29.4% increase over October 2025 but a 26.7% decrease from the previous month. ALEX Intelligence analyzed the full dataset to determine that homes are selling for less relative to their original list prices than in prior periods. The median close-to-original-list ratio dropped to 88.2%, down 3.0% from September and 2.2% from last year. Nearly all sales, 95.5% of them, closed below the original asking price, a share that is up 14.6% from the prior month. Inventory levels remain elevated with 7.5 months of supply available based on current sales rates. The median days on market extended to 168 days, reflecting a 36.6% increase from September and a 25.4% rise compared to last year. Price per square foot also climbed, rising 21.7% from the prior month to $307.03. While new construction sales were limited with only one unit closing in October, the overall volume of activity suggests continued buyer interest despite longer selling times. The market remains distinct from regional benchmarks, where the median price sits at $398,237 and days on market average 65 days. 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