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The housing market in Gillespie County shows stability in median prices but demonstrates a considerable increase in the average time homes spend on the market.
Insights into Gillespie County's housing market:
Insights into Gillespie County's housing market:
Last month, Gillespie County recorded a 12.5% year-over-year increase in the median sale price, rising to $665,000. This growth reflects continued demand in the region’s residential market.
The median price per square foot saw a modest dip of 4.3%, settling at $305. This suggests variability in the types and sizes of homes currently selling.
The average number of days homes spent on the market increased slightly to 68 days, up from 60 days during the same period last year. Home sales volume held steady, with 41 homes sold in the past month compared to 40 sales a year ago.
The consistent rise in median home prices points to ongoing buyer interest and limited supply in desirable pockets of Gillespie County, especially in and around Fredericksburg.
The drop in price per square foot may reflect a trend toward larger homes or rural properties gaining traction, which can impact overall pricing averages.
While homes are spending a bit more time on the market, steady sales numbers suggest that buyer activity remains healthy, even with moderate market cooling.
Navigating the Gillespie County real estate market requires local knowledge and professional insight. Michele Smith offers expert guidance backed by a deep understanding of the area's unique dynamics. Whether you're buying or selling, Michele is committed to helping you make informed decisions every step of the way.
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