Morningstar Entry-Level Homes: Affordability Check

Deal of the Week

Deal of the Week · 129 Tall Grass DR, Georgetown TX 78628 · MLS #2334169 · Listed by Texas Ally Real Estate Group. ALEX valuation $278,000 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 $302,000 129 Tall Grass DR, Georgetown TX 78628 · MLS #2334169 Listed at $274,900, 3 bed, 2 bath, 1,591 sq ft. Listed 1% below the ALEX valuation; 10% under the local price per sq ft; price reduced 4% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1185837231/129-Tall-Grass-DR-Georgetown-TX Lower-middle quartile: $302,000 to $345,000 116 Mauldin ST, Georgetown TX 78628 · MLS #9583358 Listed at $340,000, 3 bed, 2 bath, 1,707 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market. See it on alex.realestate: https://www.alex.realestate/listing-detail/1190815123/116-Mauldin-ST-Georgetown-TX Upper-middle quartile: $345,000 to $405,000 108 Evening Star LN, Georgetown TX 78628 · MLS #3062611 Listed at $374,900, 5 bed, 3 bath, 2,847 sq ft. Listed 8% below the ALEX valuation; 31% under the local price per sq ft; price reduced 10% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1187624245/108-Evening-Star-LN-Georgetown-TX Upper quartile: $405,000 and up 128 Comet Pointe DR, Georgetown TX 78628 · MLS #3125282 Listed at $429,950, 4 bed, 2.5 bath, 2,422 sq ft. Listed 4% below the ALEX valuation; 7% under the local price per sq ft; price reduced 9% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1183443637/128-Comet-Pointe-DR-Georgetown-TX

Key figures · Morningstar · rolling 6 months ending Oct 31, 2026

31 homes sold in Morningstar in the 6 months ending Oct 31, 2026 (down 52.3% on a year earlier).

Median net sale price: $323,150 (down 5.1% on a year earlier).

Median price per square foot: $179.

Median days on market: 40.

Median sale price as a share of the original list price: 95.6%.

36 homes for sale now, about 7.0 months of supply at the pace of the last six months.

Source: Unlock MLS, rolling 6 months ending Oct 31, 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 it take to buy an entry-level home in Morningstar today? The median price for the bottom quartile of sales is $323,150 across 31 closed sales in the rolling six months ending Oct 31, 2026. This figure represents the most affordable tier available in the community during this period. ALEX Intelligence analyzed the payment burden using current market rates to determine affordability. With a 30-year fixed mortgage rate of 7.18% sourced from Freddie Mac for the week of Nov 5, 2026, and a loan amount of $258,520, the principal and interest payment on this median entry-level price is $1,751 per month. This calculation excludes taxes and insurance but provides a baseline for monthly housing costs. The data shows that homes in this price range are selling at a median of $178.65 per square foot, with an average living area of 1,826 square feet. While the median price is down 7.7% compared to the prior six-month period, the number of sales has also decreased from 43 to 31 transactions. This suggests that while entry-level prices have softened, buyer volume in this specific tier remains constrained by financing costs. Buyers looking at Morningstar today should note that the median contract-to-close time is not available for this specific dataset, but the overall market activity indicates a slower pace than the previous year. The affordability index relies on the current rate environment; any change in mortgage rates will directly impact the monthly payment required for these entry-level properties. This analysis focuses strictly on single-family homes where prices are net of seller-paid concessions. The data reflects the reality that entry-level buyers face higher monthly payments due to interest rates, even as home prices have adjusted downward from their peaks. 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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