Luling: Median Prices Drop 20.8% in Rolling Year

Median home prices in Luling dropped 20.8% over the trailing 12 months, settling at $207,410 across 34 closed sales. This marks a significant shift from the prior period when the median was $261,990. The market has also slowed considerably, with homes spending an average of 122 days on market compared to just 76 days previously, a 60.5% increase in time to sell. Price per square foot followed a similar downward trend, falling 10.7% to $148.23. Sellers are also accepting lower offers relative to their original asking prices; the median close-to-original list ratio dipped to 90.7%, down from 91.9%. Currently, 32 homes remain active on the market, while 34 properties have closed in the last year. The average home size sold has also decreased, with the median living area shrinking by 16.9% to 1,312 square feet. With a mortgage rate of 7.18% as of early November, affordability remains a key factor for buyers navigating this slower market where nearly all sales closed below original list prices. 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