Morningstar Home Sizes Shrink as Prices Drop

The median home sold in Morningstar has shrunk to 1,826 square feet over the last six months, a drop of nearly 7.8% from the prior six-month period when the median was 1,981 square feet. This shift toward smaller living areas coincides with a decline in median sale prices, which fell 7.8% to $332,000 during the same window. ALEX Intelligence analyzed the rolling six months of closed sales data to track these size trends. The data shows that while homes are getting smaller on average, the price per square foot has also decreased by 1.1% compared to the prior period, settling at $181 per square foot. This suggests that buyers in Morningstar are currently purchasing more compact properties at a lower cost per unit of space. Despite the reduction in size, the market remains active with 31 closed sales recorded in the trailing six months. The median days on market also improved significantly, dropping 63.2% to 35 days compared to the prior period, indicating that these smaller homes are moving quickly. This trend highlights a shift in buyer preference or inventory availability toward more modestly sized residences in this Georgetown subdivision. The analysis covers the rolling six-month window ending October 31, 2026, providing a clear view of how home dimensions and pricing have evolved in Morningstar relative to previous activity. 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