Residential Market Trends and Hays Appraisal Insights

  • Only Pay If We Save
  • Maximum Tax Savings
  • Sign Up In 2 Minutes

Impact of Rising Interest Rates

  • Mortgage rates have risen to nearly 7 percent, reducing affordability for many buyers.
  • As of May 2025, home prices increased by roughly 5 percent year over year, with a median sale price of about $420,000.
  • Slower demand has extended the median days on market from 48 to 60 days.

These market changes influence appraisals by the Hays County Appraisal District, as reduced buyer activity and extended listing times directly affect Hays Appraisal valuations.

Housing Inventory Trends

  • Housing inventory rose from about 2.1 months in January 2023 to approximately 3.0 months by December 2023.
  • This marks a shift from January 2022, when inventory levels were closer to 1.4 months.
  • The increase in available homes has led to a more stabilized market, helping to keep both median and average home prices steady over the past year.

These shifts in inventory directly influence local pricing trends and are reflected in current property valuations managed by Hays County CAD.

Single-Family Home Market Overview

  • Single-family home construction dropped from about 2,800 to 1,300 homes between 2007 and 2011, according to appraisal records.
  • Construction activity has gradually rebounded since 2011, though it still lags behind pre-recession figures.
  • Starting in 2020, new housing developments have grown rapidly, with newly built homes appreciating at a faster pace, as reflected in Hays County Central Appraisal District data.

Recent property records highlight key shifts in home construction and valuation trends across the residential market.

start saving today