Land for Sale Gillespie TX

Land for Sale Llano TX

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Gillespie County, TX Real Estate Market Overview

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.

Current Market Trends: What Buyers Need to Know

Insights into Gillespie County's housing market:

Median Home Prices: Last month, Gillespie County experienced a marginal decline of 0.033% in the median sale price of homes, maintaining a median price of $477,000 compared to the previous year.

Price per Square Foot: The median sale price per square foot significantly dropped by 51.1% since last year, now standing at $203.

Sales Dynamics: Homes in Gillespie County are taking longer to sell, with an average of 80 days on the market compared to 53 days the previous year. Additionally, there was a decrease in the number of homes sold, with 20 homes sold in October this year, down from 22 in the same period last year.

Overview of Gillespie County's Market

Price Stability: The slight decline in median prices suggests a relatively stable market, despite the considerable drop in the price per square foot.

Extended Time on Market: The increase in the average days on the market might indicate a shift in buyer preferences or other factors influencing property sales.

Local Real Estate Dynamics: Gillespie County continues to offer opportunities for buyers, albeit with nuanced pricing trends and a longer selling period.

Engage with Michele Smith

For personalized guidance and in-depth knowledge about navigating the Gillespie County real estate market, Michele Smith is your trusted advisor. With a dedication to providing valuable insights and exceptional service, Michele is well-equipped to assist you in your real estate endeavors in Gillespie County.

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