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%.

34 homes for sale now, about 6.6 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 cost 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 current mortgage environment to determine buying power for these buyers. With a 30-year fixed rate at 7.11% as of the week of Nov 12, 2026, a buyer on a median entry-level home faces a principal and interest payment of $1,739 per month based on the loan amount of $258,520. This calculation assumes standard financing terms and does not include taxes or insurance. The data shows that homes in this price tier are selling for 95.6% of their original list price on average, with 93.5% of sales closing below the initial asking price. Compared to the prior six-month period, the median entry-level price has dropped 7.7%, while the time to sell has decreased significantly by 61.2%. For buyers considering a buydown, a 3-2-1 buydown on this price point would cost approximately $11,916, reducing the initial monthly payment to $1,251 in the first year. A 2-1 buydown would cost about $6,060, lowering the first-year payment to $1,405. These figures help illustrate how financing incentives can impact monthly affordability in the current rate environment. The sample size of 31 closed sales provides a stable view of entry-level activity, though new construction volume remains low with zero new-construction closings in this specific price tier during the window. 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

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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