Luling Market Pulse: Median Prices Drop 22.7% in Rolling Year

Median home prices in Luling have dropped significantly over the past year, settling at $202,410 across 34 closed sales. This figure represents a 22.7% decrease compared to the prior rolling period and the same window last year. The market has also slowed considerably, with homes spending an average of 122 days on the market, up 60.5% from the previous 12-month cycle. The price per square foot has adjusted downward as well, falling to $148.06, a decline of 10.8% year-over-year. Sellers are accepting offers at lower rates relative to their original asking prices; the median close-to-original list ratio stands at 0.899, down 2.2% from the prior period. Nearly all transactions, 91.2% of them, closed below the original list price. New construction activity remains a small but present segment, with 9 new homes closing in the trailing year compared to just 4 in the prior window. The average size of sold homes has also shrunk, dropping to 1,312 square feet from 1,578 square feet previously. With 33 active listings currently on the market and only 34 sales over the last year, inventory levels remain tight relative to the slow pace of closings. ALEX Intelligence analyzes these figures to provide a clear picture of current affordability and market velocity for buyers and sellers in Luling. The data reflects a cooling environment where prices have corrected and time on market has extended significantly compared to historical norms. 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