Is Gillespie County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gillespie County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Gillespie County was a Seller's Market.

Key Takeaway

Gillespie County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gillespie County, TX

How much do homes in Gillespie County, TX cost?

Median Sold Price

$578,500

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,500(+8.1%)

Key Takeaway

Homes in Gillespie County have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Gillespie County was $578,500 in October 2024, up 8.1% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$439.5K
N/A
2 $390K$408K
+4.6%
3 $483.5K$545K
+12.7%
4 $750K$685K
-8.7%
5+ $755K$1.3M
+78.6%

Summary: Gillespie County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 78.6%.

Median Sold Price Compared To Nearby Counties

Gillespie County
+8.1%
Blanco County
+7.3%
Llano County
+1.1%
Kerr County
-2.6%

Housing Supply in Gillespie County, TX

How many homes are available in Gillespie County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
143144+0.7%

Summary: The Gillespie County real estate market had 144 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1719
+11.8%
3 5757
0.0%
4 4441
-6.8%
5+ 2224
+9.1%

Summary: The Gillespie County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gillespie County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Gillespie County in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gillespie County, TX

How long does it take to sell a home in Gillespie County, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days90 Days+59.7%

Summary: Homes in Gillespie County had an average of 90 days on market in Oct 2024, up by 59.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gillespie County has remained consistent over time.

Summary: During October 2024, 10 homes were sold in Gillespie County; 10% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Gillespie County, TX

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