Burnet: Where Prices Were Cut Most in Recent Months

In the Burnet city market over the last six months, nearly every home that sold did so for less than its original asking price. Across 110 closed sales, 90% of transactions ended below the initial list price, a figure that has held steady compared to the prior period and remains slightly higher than the same window last year. ALEX Intelligence analyzed price change histories across qualifying subdivisions to identify where reductions were most frequent. The data shows that price cuts are now a standard part of the negotiation process rather than an exception. In the top five subdivisions with the most activity, 100% of sales in Buena Vista, Council Creek, and Oak Vista closed below original list prices, while Creekfall saw 89% of its sales do the same. The median close-to-original list ratio for the entire city dropped to 91.3%, down 1.1% from the prior six-month period. This indicates that buyers have gained leverage to negotiate closer to their offers. While the median price per square foot rose slightly to $207, the prevalence of price reductions suggests that sellers are adjusting expectations to move inventory in a market where homes take an average of 74 days to sell. For those looking at Burnet real estate, understanding these reduction patterns is key to making competitive offers. The data confirms that patience and strategic pricing remain essential for both buyers seeking value and sellers aiming to close deals efficiently in this segment of the Texas Hill Country market. 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