Sunfield Monthly Market Pulse: Prices Drop in September

Median home prices in Sunfield dropped 10.4% in September compared to the prior month, settling at $346,975 across 27 closed sales. This follows a similar 14.9% decline year-over-year as the market adjusted from last September's peak of $407,495. While prices softened, homes took longer to sell; the median days on market rose 50% to 57 days compared to August, though this remains 25% faster than the same time last year when it took 76 days. The supply side shows a shift in inventory dynamics with 117 active listings today, resulting in 5.4 months of supply. This indicates a transition toward a more balanced market where buyers have more selection than earlier this year. The median price per square foot rose 5.8% to $182, suggesting that while total prices dipped, the value per unit of living space increased slightly as the average home size sold shrank by 10.1%. Homes continued to sell below original list prices, with 92.6% of transactions closing under the initial asking price. The median close-to-original list ratio was 95.6%, a slight decrease from the prior month but an improvement over last year's 93.1%. ALEX Intelligence estimates that current market conditions favor buyers seeking value, as the combination of lower prices and increased inventory provides more negotiating leverage than seen in previous months. 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