Belton: How List Prices Compared to Sells in October

In Belton, the median home sold for 95.8% of its original list price over the last six months, down from 96.0% in the prior six-month window and 97.2% a year ago. This metric, known as the close-to-original list ratio, tracks how closely final sale prices align with the initial asking price at the time a home hit the market. The data covers 88 closed sales of single-family homes where prices were adjusted to net of seller-paid concessions. While 77.3% of these homes sold below their original list price, that share has dipped slightly from 77.9% in the prior period and 75.8% a year ago. The median sale price also declined 9.3% compared to the previous six months, settling at $307,450, while the median price per square foot dropped 7.4% to $153.76. ALEX Intelligence analyzed these trends to show that buyers in this market have gained more leverage regarding list prices over the last year. The median days on market shortened significantly compared to the prior period, yet homes are still closing for less than their original asks more frequently than they did twelve months ago. This suggests a shift where sellers may need to adjust expectations earlier in the listing cycle to secure a sale. The analysis is based on Unlock MLS data for single-family homes, with prices net of concessions. The current mortgage rate environment, at 7.18% per Freddie Mac, influences buyer purchasing power and negotiation dynamics during this period. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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