Burnet: How List Prices Compared to Final Sales in October

In Burnet, homes sold for an average of 91.1% of their original list price over the last six months, a shift from 92.3% in the prior period. This metric, known as the list-to-sale price ratio, measures the gap between what sellers asked and what buyers ultimately paid. The current median sale price stands at $325,000, down 22.7% compared to the same window last year when prices reached $430,000. ALEX Intelligence analyzed the pricing trends across 103 closed sales to determine how negotiation power has shifted. While the median price per square foot rose slightly by 2.9% to $202.18 compared to the prior six months, the overall market value has softened significantly year-over-year. The data shows that 86.4% of homes sold below their original list price, a figure that has improved slightly from 91.6% in the previous period but remains high compared to the same time last year when 90.9% sold under ask. The average home size sold was 1,777 square feet, with properties spending a median of 88 days on the market before closing. This represents a 12.8% increase in marketing time compared to the prior six months and a 3.5% increase year-over-year. For buyers, this indicates more room for negotiation, while sellers may need to price competitively from the start to avoid extended listing periods. The current market environment reflects a balance where final sale prices are increasingly diverging from initial asking prices. 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