Burnet Market Pulse: Prices Dip, Days on Market Rise

Median home prices in Burnet have dropped significantly compared to a year ago, settling at $332,500 across 103 closed sales in the rolling six months ending October 31, 2026. This represents a 22.7% decline from the same period last year when the median was $430,000. While prices rose slightly by 2.5% compared to the prior six-month period, the market remains softer than it was twelve months ago. Buyers are finding more time to decide, with homes spending a median of 88 days on the market. This is an increase of 12.8% from the previous six-month window and 3.5% higher than the same time last year. The longer listing period coincides with a lower closing-to-original-list ratio of 91.1%, down from 92.4% previously, indicating that sellers are accepting offers further below their initial asking prices. Inventory levels have also shifted, with 156 active listings currently on the market. This supply creates a months-of-inventory figure of 9.09, suggesting a buyer-favorable environment where homes stay listed longer before selling. Price per square foot has risen slightly to $202.18, up 2.9% from the prior period but still down 7.2% year-over-year. ALEX Intelligence analyzed these trends to highlight how the Burnet market is balancing supply and demand in late 2026. With current mortgage rates at 7.11%, affordability remains a key factor for local buyers navigating this slower pace of sales. 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