Bastrop, Texas, has seen its housing market evolve significantly in recent years. As 2024 transitions into 2025, the city is poised to experience steady growth, driven by its proximity to Austin, a flourishing local economy, and increasing demand for affordable housing options in Central Texas.
One of the standout trends in Bastrop’s housing market is moderate price appreciation. In 2024, the median home value in Bastrop County hovered around $349,278, reflecting a modest 0.5% annual increase. Analysts predict a more noticeable rise in 2025, with Wallet Investor forecasting a 4.37% growth in home prices over the next year. The stability in price growth has made Bastrop an attractive option for first-time buyers and investors alike.
Another significant trend is the influence of Austin’s tech boom and remote work flexibility. Many professionals are choosing Bastrop as an alternative to Austin’s soaring real estate prices. Offering a mix of affordability and small-town charm, Bastrop has become a sought-after destination for families and remote workers who value space and community without sacrificing access to urban amenities.
Inventory levels have remained relatively balanced in Bastrop, which helps maintain market stability. In 2024, the city recorded consistent home sales, with the 78602 ZIP code showing a median home price of $368,000 over six months. Builders are responding to demand by developing master-planned communities, which are expected to expand inventory and attract more buyers in 2025.
Mortgage rates, while still higher than pre-pandemic levels, are anticipated to remain stable through 2025, making home financing more predictable for buyers. This stability, coupled with Bastrop’s appeal as a growing economic hub, sets the stage for a promising housing market in the coming year.
With its strategic location, strong community vibe, and increasing desirability, Bastrop is emerging as a key player in Central Texas’ real estate landscape, making it THE city to watch in 2025.
-Lindsay Kana
Kana Real Estate