Cedar Creek: Where Prices Were Cut Most in October

In Cedar Creek, nearly every home that sold in the last six months came with a price reduction before closing. ALEX Intelligence analyzed 103 closed sales to find that 91% of listings were reduced at least once, compared to 78% during the same period last year. The median close price fell to $370,000, down 4.5% from the prior six-month period and 9.8% lower than a year ago. This shift marks a significant change in negotiation power. While sellers previously held more leverage, the data shows that buyers now have greater ability to negotiate below the asking price. The median close-to-original list ratio improved to 0.908, meaning homes are selling for 90.8% of their original list price on average. This is a notable increase from the 0.866 ratio seen in the prior period, indicating that sellers are becoming more realistic about pricing strategies. The market activity remains robust despite these adjustments. The median days on market dropped sharply to 66 days, down 51% from the previous six months, suggesting that once a home is priced correctly, it moves quickly. However, the high rate of price cuts indicates that initial listing prices often need correction to attract offers. For sellers, this data suggests that aggressive initial pricing may be necessary to avoid prolonged market time and multiple reductions. For buyers, the current environment offers more opportunities to negotiate favorable terms. The median price per square foot also declined 1.6% from the prior period, reflecting these broader pricing adjustments across the city. The analysis covers single-family homes, condos, and townhomes within Cedar Creek. All figures are derived from Unlock MLS data for the rolling six-month window ending October 31, 2026. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog