ALEX · Alexander Tiffany Southwest, LLC – ALEX Companies

Sunset Canyon

Dripping Springs, TX 78620
Resale homes · closed Oct 26 – Oct 25, 2026
Prepared for Buyers, sellers and agents
Prepared by ALEX Real Estate
Market Study · Resale Analysis
Version 2.4
October 26, 2026 · 4:53 AM CDT
MARKET STUDY All analysis covers resale homes only. New construction appears once, in its own section. Click any dot on the map for that sale.
Resale sales, 365 days
30
single-family resale homes
Median net sale price
$752,500
average $825,049
Median net price per SF
$303
average $299
Median days on market
31 days
average 66 days
1. SummaryResale homes · 30 sales · October 26, 2025 – October 25, 2026

This study looks at the 30 resale homes sold in Sunset Canyon in the 365 days to October 25, 2026. A full year is used because only 19 resale homes sold in the last 180 days. New construction is left out and shown on its own in section 7. The homes are compared four ways: by price, by living area, by year built and with or without a view. The first three are split into four equal groups (quartiles), each named by its range.

Each comparison has its own section (3–6) with everything about it in one place: the key differences, a table of every measure at a glance, the charts and the numbers.

2. Where the resale homes sold30 resale homes · colored by price range

Each dot is one resale home, colored by its price range. Use the buttons to show one price range at a time. Click a dot for that sale: address, close date, original and last list price, net sale price, living area, net sale per SF and days on market. Scroll or pinch to zoom.

Under $675K · 8 sales$675K–$750K · 7 sales$755K–$920K · 7 salesOver $920K · 8 sales
3. Quartiles by net sale priceResale homes · 30 sales · October 26, 2025 – October 25, 2026

Sales ranked by net sale price and cut into four equal groups. This is the usual way to read a market by price.

2026-10-26T04:53:24.702489 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ 8 7 7 8 30 sales Sales per group Under $675K: 8 sales (27%) $675K–$750K: 7 sales (23%) $755K–$920K: 7 sales (23%) Over $920K: 8 sales (27%)
Bottom line

3.1 Key differences

The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.

Under $675K$675K–$750K$755K–$920KOver $920K
Higher-priced homes Over $920K
  • Sell for more per square foot.
  • Are much larger.
Lower-priced homes Under $675K
  • Sell for less per square foot.
  • Are much smaller.

3.2 At a glance

Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.

Under $675K$675K–$750K$755K–$920KOver $920KReal difference?
Net price per SF$229 per SFLowest$299 per SF$337 per SFHighest$336 per SF✓ large
Living area2,327 SFSmallest2,427 SF2,425 SF3,723 SFLargest✓ large
Year built2000199819941994unclear
Days on market108 days24 days25 days58 daysunclear
Discount from original list-7.2%3.7%2.0%8.2%unclear
Price cut before sale62%29%14%50%unclear
Seller paid closing costs or repairs50%86%86%88%unclear
Has a view100%100%86%88%unclear

How to read this section. Each heading gives the finding. The gold box says whether the gap is real (✓, with its size) or could be chance (–). The section ends with its numbers; the tests are in section 8.3.

3.3 Homes over $920K sell for about $106 per SF (46%) more than homes under $675K

2026-10-26T04:53:24.730803 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under $675K 8 sales $675K– $750K 7 sales $755K– $920K 7 sales Over $920K 8 sales $0 $200 $400 $229 $299 $337 $336 Net price per SF, average

The average is $336 per SF for homes over $920K and $229 per SF for homes under $675K. It does not move in a straight line; homes $755K–$920K are highest. Defined in 8.1.2.

✓ Real difference · large

3.4 Homes over $920K are about 1,400 SF (60%) larger than homes under $675K

2026-10-26T04:53:24.752806 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under $675K 8 sales $675K– $750K 7 sales $755K– $920K 7 sales Over $920K 8 sales 0 2,000 4,000 2,327 2,427 2,425 3,723 Living area (SF), average

The average is 3,723 SF for homes over $920K and 2,327 SF for homes under $675K. It does not move in a straight line; homes over $920K are highest. Defined in 8.1.3.

✓ Real difference · large

3.5 Year built: no clear difference

2026-10-26T04:53:24.777791 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under $675K 8 sales $675K– $750K 7 sales $755K– $920K 7 sales Over $920K 8 sales 1990 1993 1996 1999 2002 2000 1998 1994 1994 Year built: median (dot) and middle half (bar)

The median is 1994 for homes over $920K and 2000 for homes under $675K. It falls step by step from the lowest range to the highest. Defined in 8.1.4.

– No clear difference · could be chance

3.6 Days on market: no clear difference

2026-10-26T04:53:24.801209 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under $675K 8 sales $675K– $750K 7 sales $755K– $920K 7 sales Over $920K 8 sales 0 50 100 108 24 25 58 Days on market, median

The median is 58 days for homes over $920K and 108 days for homes under $675K. It does not move in a straight line; homes under $675K are highest. Defined in 8.1.5.

– No clear difference · could be chance

3.7 Discount from original list: no clear difference

2026-10-26T04:53:24.822083 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under $675K 8 sales $675K– $750K 7 sales $755K– $920K 7 sales Over $920K 8 sales -5.0% 0.0% 5.0% -7.2% 3.7% 2.0% 8.2% Discount from original list, average

The average is 8.2% for homes over $920K and -7.2% for homes under $675K. It does not move in a straight line; homes over $920K are highest. Defined in 8.1.6.

– No clear difference · could be chance

3.8 How often: price cut before sale, seller paid closing costs or repairs, has a view

2026-10-26T04:53:24.851774 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Price cut Seller paid costs or repairs Has a view 0% 25% 50% 75% 100% 62 50 100 29 86 100 14 86 86 50 88 88 Under $675K $675K–$750K $755K–$920K Over $920K

Each bar is the share of homes in the group, in percent.

  • 50% of homes over $920K had a price cut before sale, against 62% of homes under $675K. Defined in 8.1.7.
  • 88% of homes over $920K had the seller pay closing costs or repairs, against 50% of homes under $675K. Defined in 8.1.8.
  • 88% of homes over $920K have a view, against 100% of homes under $675K. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance

3.9 The numbers: price and size

Under $675K8 sales$675K–$750K7 sales$755K–$920K7 salesOver $920K8 salesAll30 salesReal difference?
Net sale price average$530,242$717,820$811,786$1,225,288$825,049by design
Net price per SF average$229$299$337$336$299✓ large
Living area average2,3272,4272,4253,7232,745✓ large
Year built median20001998199419941994unclear

3.10 The numbers: selling

Under $675K8 sales$675K–$750K7 sales$755K–$920K7 salesOver $920K8 salesAll30 salesReal difference?
Days on market median10824255831unclear
Discount from original list average−7.2%3.7%2.0%8.2%1.6%unclear
Price cut before sale62%29%14%50%40%unclear
Seller paid closing costs or repairs50%86%86%88%77%unclear
Has a view100%100%86%88%93%unclear

Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.1.

4. Quartiles by living areaResale homes · 30 sales · October 26, 2025 – October 25, 2026

Sales ranked by living area and cut into four equal groups, from the smallest homes to the largest.

2026-10-26T04:53:24.872356 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ 8 7 7 8 30 sales Sales per group Under 2,286 SF: 8 sales (27%) 2,286–2,475 SF: 7 sales (23%) 2,492–2,773 SF: 7 sales (23%) Over 2,773 SF: 8 sales (27%)
Bottom line

4.1 Key differences

The top group against the bottom group. Only real differences are listed. Section 8 explains each measure.

Under 2,286 SF2,286–2,475 SF2,492–2,773 SFOver 2,773 SF
Larger homes Over 2,773 SF
  • Sell for much more.
Smaller homes Under 2,286 SF
  • Sell for much less.

4.2 At a glance

Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.

Under 2,286 SF2,286–2,475 SF2,492–2,773 SFOver 2,773 SFReal difference?
Net sale price$624KLowest$732K$707K$1.21MHighest✓ large
Net price per SF$293 per SF$311 per SF$271 per SF$320 per SFunclear
Year built1994200019981994unclear
Days on market23 days21 days70 days81 daysunclear
Discount from original list8.6%-20.1%7.9%8.1%unclear
Price cut before sale38%0%57%62%unclear
Seller paid closing costs or repairs62%86%86%75%unclear
Has a view88%100%100%88%unclear

4.3 Homes over 2,773 SF sell for about $587K (94%) more than homes under 2,286 SF

2026-10-26T04:53:24.893557 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under 2,286 SF 8 sales 2,286– 2,475 SF 7 sales 2,492– 2,773 SF 7 sales Over 2,773 SF 8 sales $0K $500K $1.00M $624K $732K $707K $1.21M Net sale price, average

The average is $1.21M for homes over 2,773 SF and $624K for homes under 2,286 SF. It does not move in a straight line; homes over 2,773 SF are highest. Defined in 8.1.1.

✓ Real difference · large

4.4 Net price per SF: no clear difference

2026-10-26T04:53:24.915728 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under 2,286 SF 8 sales 2,286– 2,475 SF 7 sales 2,492– 2,773 SF 7 sales Over 2,773 SF 8 sales $0 $100 $200 $300 $293 $311 $271 $320 Net price per SF, average

The average is $320 per SF for homes over 2,773 SF and $293 per SF for homes under 2,286 SF. It does not move in a straight line; homes over 2,773 SF are highest. Defined in 8.1.2.

– No clear difference · could be chance

4.5 Year built: no clear difference

2026-10-26T04:53:24.939416 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under 2,286 SF 8 sales 2,286– 2,475 SF 7 sales 2,492– 2,773 SF 7 sales Over 2,773 SF 8 sales 1990 1993 1996 1999 1994 2000 1998 1994 Year built: median (dot) and middle half (bar)

The median is 1994 for homes over 2,773 SF and 1994 for homes under 2,286 SF. It does not move in a straight line; homes 2,286–2,475 SF are highest. Defined in 8.1.4.

– No clear difference · could be chance

4.6 Days on market: no clear difference

2026-10-26T04:53:24.962548 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under 2,286 SF 8 sales 2,286– 2,475 SF 7 sales 2,492– 2,773 SF 7 sales Over 2,773 SF 8 sales 0 25 50 75 23 21 70 81 Days on market, median

The median is 81 days for homes over 2,773 SF and 23 days for homes under 2,286 SF. It does not move in a straight line; homes over 2,773 SF are highest. Defined in 8.1.5.

– No clear difference · could be chance

4.7 Discount from original list: no clear difference

2026-10-26T04:53:24.985261 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Under 2,286 SF 8 sales 2,286– 2,475 SF 7 sales 2,492– 2,773 SF 7 sales Over 2,773 SF 8 sales -20.0% -10.0% 0.0% 10.0% 8.6% -20.1% 7.9% 8.1% Discount from original list, average

The average is 8.1% for homes over 2,773 SF and 8.6% for homes under 2,286 SF. It does not move in a straight line; homes under 2,286 SF are highest. Defined in 8.1.6.

– No clear difference · could be chance

4.8 How often: price cut before sale, seller paid closing costs or repairs, has a view

2026-10-26T04:53:25.012602 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Price cut Seller paid costs or repairs Has a view 0% 25% 50% 75% 100% 38 62 88 0 86 100 57 86 100 62 75 88 Under 2,286 SF 2,286–2,475 SF 2,492–2,773 SF Over 2,773 SF

Each bar is the share of homes in the group, in percent.

  • 62% of homes over 2,773 SF had a price cut before sale, against 38% of homes under 2,286 SF. Defined in 8.1.7.
  • 75% of homes over 2,773 SF had the seller pay closing costs or repairs, against 62% of homes under 2,286 SF. Defined in 8.1.8.
  • 88% of homes over 2,773 SF have a view, against 88% of homes under 2,286 SF. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance

4.9 The numbers: price and size

Under 2,286 SF8 sales2,286–2,475 SF7 sales2,492–2,773 SF7 salesOver 2,773 SF8 salesAll30 salesReal difference?
Net sale price average$623,775$732,044$706,709$1,211,250$825,049✓ large
Net price per SF average$293$311$271$320$299unclear
Living area average2,1332,3652,6203,8002,745by design
Year built median19942000199819941994unclear

4.10 The numbers: selling

Under 2,286 SF8 sales2,286–2,475 SF7 sales2,492–2,773 SF7 salesOver 2,773 SF8 salesAll30 salesReal difference?
Days on market median2321708131unclear
Discount from original list average8.6%−20.1%7.9%8.1%1.6%unclear
Price cut before sale38%0%57%62%40%unclear
Seller paid closing costs or repairs62%86%86%75%77%unclear
Has a view88%100%100%88%93%unclear

Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.2.

5. Quartiles by year builtResale homes · 30 sales · October 26, 2025 – October 25, 2026

Sales ranked by year built and cut into four groups, from the oldest to the newest. Homes built in the same year always stay in the same group, so group sizes can differ a little.

2026-10-26T04:53:25.033300 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ 8 7 7 8 30 sales Sales per group Before 1993: 8 sales (27%) 1993–1994: 7 sales (23%) 1995–2000: 7 sales (23%) After 2000: 8 sales (27%)
Bottom line: no measure differs enough between the groups to rule out chance.

5.1 Key differences

The top group against the bottom group: no measure differs enough to rule out chance.

5.2 At a glance

Shaded rows are real differences; the darkest cell is the highest. Gray rows show no clear difference. Prices are averages; days on market and year built are medians.

Before 19931993–19941995–2000After 2000Real difference?
Net sale price$805K$897K$689K$900Kunclear
Net price per SF$286 per SF$323 per SF$275 per SF$312 per SFunclear
Living area2,820 SF2,825 SF2,515 SF2,803 SFunclear
Days on market49 days38 days21 days28 daysunclear
Discount from original list8.5%5.2%7.3%-13.4%unclear
Price cut before sale50%29%57%25%unclear
Seller paid closing costs or repairs75%86%86%62%unclear
Has a view88%100%86%100%unclear

5.3 Net sale price: no clear difference

2026-10-26T04:53:25.054183 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Before 1993 8 sales 1993– 1994 7 sales 1995– 2000 7 sales After 2000 8 sales $0K $500K $1.00M $805K $897K $689K $900K Net sale price, average

The average is $900K for homes built after 2000 and $805K for homes built before 1993. It does not move in a straight line; homes built after 2000 are highest. Defined in 8.1.1.

– No clear difference · could be chance

5.4 Net price per SF: no clear difference

2026-10-26T04:53:25.076228 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Before 1993 8 sales 1993– 1994 7 sales 1995– 2000 7 sales After 2000 8 sales $0 $100 $200 $300 $286 $323 $275 $312 Net price per SF, average

The average is $312 per SF for homes built after 2000 and $286 per SF for homes built before 1993. It does not move in a straight line; homes built 1993–1994 are highest. Defined in 8.1.2.

– No clear difference · could be chance

5.5 Living area: no clear difference

2026-10-26T04:53:25.097437 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Before 1993 8 sales 1993– 1994 7 sales 1995– 2000 7 sales After 2000 8 sales 0 1,000 2,000 3,000 2,820 2,825 2,515 2,803 Living area (SF), average

The average is 2,803 SF for homes built after 2000 and 2,820 SF for homes built before 1993. It does not move in a straight line; homes built 1993–1994 are highest. Defined in 8.1.3.

– No clear difference · could be chance

5.6 Days on market: no clear difference

2026-10-26T04:53:25.119066 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Before 1993 8 sales 1993– 1994 7 sales 1995– 2000 7 sales After 2000 8 sales 0 20 40 49 38 21 28 Days on market, median

The median is 28 days for homes built after 2000 and 49 days for homes built before 1993. It does not move in a straight line; homes built before 1993 are highest. Defined in 8.1.5.

– No clear difference · could be chance

5.7 Discount from original list: no clear difference

2026-10-26T04:53:25.140996 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Before 1993 8 sales 1993– 1994 7 sales 1995– 2000 7 sales After 2000 8 sales -10.0% 0.0% 10.0% 8.5% 5.2% 7.3% -13.4% Discount from original list, average

The average is -13.4% for homes built after 2000 and 8.5% for homes built before 1993. It does not move in a straight line; homes built before 1993 are highest. Defined in 8.1.6.

– No clear difference · could be chance

5.8 How often: price cut before sale, seller paid closing costs or repairs, has a view

2026-10-26T04:53:25.166433 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Price cut Seller paid costs or repairs Has a view 0% 25% 50% 75% 100% 50 75 88 29 86 100 57 86 86 25 62 100 Before 1993 1993–1994 1995–2000 After 2000

Each bar is the share of homes in the group, in percent.

  • 25% of homes built after 2000 had a price cut before sale, against 50% of homes built before 1993. Defined in 8.1.7.
  • 62% of homes built after 2000 had the seller pay closing costs or repairs, against 75% of homes built before 1993. Defined in 8.1.8.
  • 100% of homes built after 2000 have a view, against 88% of homes built before 1993. Defined in 8.1.9.
Price cut before sale: – No clear difference · could be chance
Seller paid closing costs or repairs: – No clear difference · could be chance
Has a view: – No clear difference · could be chance

5.9 The numbers: price and size

Before 19938 sales1993–19947 sales1995–20007 salesAfter 20008 salesAll30 salesReal difference?
Net sale price average$805,391$897,386$689,033$900,426$825,049unclear
Net price per SF average$286$323$275$312$299unclear
Living area average2,8202,8252,5152,8032,745unclear
Year built median19881993199820021994by design

5.10 The numbers: selling

Before 19938 sales1993–19947 sales1995–20007 salesAfter 20008 salesAll30 salesReal difference?
Days on market median4938212831unclear
Discount from original list average8.5%5.2%7.3%−13.4%1.6%unclear
Price cut before sale50%29%57%25%40%unclear
Seller paid closing costs or repairs75%86%86%62%77%unclear
Has a view88%100%86%100%93%unclear

Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.3.

6. View and no viewResale homes · 30 sales · October 26, 2025 – October 25, 2026

Sales where the MLS lists a view (greenbelt or park, trees, golf course, hill country, water and similar) against those listing none or only the neighborhood.

2026-10-26T04:53:25.185423 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ 28 2 30 sales Sales per group View: 28 sales (93%) No view: 2 sales (7%)
Bottom line: too few sales to test.

6.1 Key differences

The top group against the bottom group: no measure differs enough to rule out chance.

6.3 Net sale price: described, not tested

2026-10-26T04:53:25.202337 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales $0K $250K $500K $750K $1.00M $815K $961K Net sale price, average

The average is $815K for homes with a view and $961K for homes without a view. Defined in 8.1.1.

Not tested: too few sales.

6.4 Net price per SF: described, not tested

2026-10-26T04:53:25.220187 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales $0 $100 $200 $300 $299 $295 Net price per SF, average

The average is $299 per SF for homes with a view and $295 per SF for homes without a view. Defined in 8.1.2.

Not tested: too few sales.

6.5 Living area: described, not tested

2026-10-26T04:53:25.303645 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales 0 1,000 2,000 3,000 4,000 2,689 3,534 Living area (SF), average

The average is 2,689 SF for homes with a view and 3,534 SF for homes without a view. Defined in 8.1.3.

Not tested: too few sales.

6.6 Year built: described, not tested

2026-10-26T04:53:25.326624 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales 1992 1994 1996 1998 2000 1994 1993 Year built: median (dot) and middle half (bar)

The median is 1994 for homes with a view and 1993 for homes without a view. Defined in 8.1.4.

Not tested: too few sales.

6.7 Days on market: described, not tested

2026-10-26T04:53:25.346071 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales 0 25 50 75 100 31 90 Days on market, median

The median is 31 days for homes with a view and 90 days for homes without a view. Defined in 8.1.5.

Not tested: too few sales.

6.8 Discount from original list: described, not tested

2026-10-26T04:53:25.365098 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ View 28 sales No view 2 sales 0.0% 2.0% 4.0% 1.4% 4.7% Discount from original list, average

The average is 1.4% for homes with a view and 4.7% for homes without a view. Defined in 8.1.6.

Not tested: too few sales.

6.9 How often: price cut before sale, seller paid closing costs or repairs

2026-10-26T04:53:25.383998 image/svg+xml Matplotlib v3.11.2, https://matplotlib.org/ Price cut Seller paid costs or repairs 0% 25% 50% 75% 100% 39 75 50 100 View No view

Each bar is the share of homes in the group, in percent.

  • 39% of homes with a view had a price cut before sale, against 50% of homes without a view. Defined in 8.1.7.
  • 75% of homes with a view had the seller pay closing costs or repairs, against 100% of homes without a view. Defined in 8.1.8.
Price cut before sale: Not tested: too few sales.
Seller paid closing costs or repairs: Not tested: too few sales.

6.10 The numbers: price and size

View28 salesNo view2 salesAll30 sales
Net sale price average$815,320$961,250$825,049
Net price per SF average$299$295$299
Living area average2,6893,5342,745
Year built median199419931994

6.11 The numbers: selling

View28 salesNo view2 salesAll30 sales
Days on market median319031
Discount from original list average1.4%4.7%1.6%
Price cut before sale39%50%40%
Seller paid closing costs or repairs75%100%77%

Prices, price per SF, living area and discount are averages; days on market and year built are medians. The test behind each verdict is in 8.3.4.

7. New constructionBasic statistics · 0 sales · October 26, 2025 – October 25, 2026

Homes sold new by the builder in the same 365 days. They are left out of every other section and shown here as basic figures only: 0 sales, no groups, no tests.

Note: these are only the new-construction sales reported in ABOR MLS. Builders often sell homes without listing them in the MLS, so these figures do not necessarily represent all new-construction sales in Sunset Canyon.

No new-construction sales were reported in ABOR MLS in this window.

Same definitions as the rest of the study (section 8). New construction = NewConstructionYN true, or PropertyCondition “New Construction” or “Under Construction”.

8. AppendixMeasures, methods and tests

Each measure and method three ways: in plain words, as statistics, and with the data from this study.

8.1 Measures

8.1.1 Net sale price

In simple terms
What the seller actually kept: the closing price, less money the seller gave back to the buyer for closing costs or repairs. It is the truest price for comparing homes.
Statistically
Net = ClosePrice − ACTRIS_BuyersClsgCostPdbySell − ACTRIS_RepairsAmount (a blank counts as $0). Summarized by the arithmetic mean in the slices.
The data
30 resale sales. Average $825,049; median $752,500; standard deviation $335,741; middle half (25th–75th percentile) $634,500–$921,725; lowest $390,000, highest $2,182,500. 23 sales had a seller payment; their median payment was $8,000.

8.1.2 Net price per SF

In simple terms
Net sale price divided by the heated and cooled square feet. It puts homes of different sizes on the same footing: did buyers pay more for each square foot, not just for more square feet?
Statistically
psf = Net ÷ LivingArea, per sale; summarized by the mean of the per-sale ratios.
The data
30 resale sales. Average $299; median $303; standard deviation $63; middle half (25th–75th percentile) $261–$347; lowest $185, highest $425.

8.1.3 Living area

In simple terms
The heated and cooled space, as listed in the MLS. Garages and porches are not counted.
Statistically
RESO LivingArea, in square feet. Sales under 400 SF are treated as entry errors and left out.
The data
30 resale sales. Average 2,745; median 2,484; standard deviation 843; middle half (25th–75th percentile) 2,257–2,886; lowest 2,029, highest 5,774.

8.1.4 Year built

In simple terms
The year the home was finished, as listed in the MLS. It shows whether a group leans to older or newer phases of the community.
Statistically
RESO YearBuilt; summarized by the median, with the 25th–75th percentile (middle half) on the charts.
The data
30 resale sales. Average 1995; median 1994; standard deviation 9; middle half (25th–75th percentile) 1992–2001; lowest 1962, highest 2010.

8.1.5 Days on market

In simple terms
How many days the home was on the market before the buyer's offer was accepted, counting any earlier listing periods (relists). This is the days on market agents and clients quote.
Statistically
CDOM = max(CumulativeDaysOnMarket, DaysOnMarket, PurchaseContractDate − ListingContractDate). The MLS counter can freeze at a price change, so the contract-date gap is a floor. Summarized by the median, because a few homes that sat for months pull an average up.
The data
30 resale sales. Average 66; median 31; standard deviation 66; middle half (25th–75th percentile) 20–89; lowest 4, highest 264. 0 sales went under contract on their listing date (0 days).

8.1.6 Discount from original list

In simple terms
How far below the first asking price the home sold, after seller payments. It measures how much negotiating room sellers gave up. A negative figure means the home sold above its first asking price.
Statistically
Discount % = (OriginalListPrice − Net) ÷ OriginalListPrice × 100, per sale; summarized by the mean.
The data
30 resale sales. Average 1.6%; median 4.5%; standard deviation 31.1%; middle half (25th–75th percentile) 1.9%–8.4%; lowest −157.6%, highest 29.8%. 4 sales closed above their first asking price.

8.1.7 Price cut before sale

In simple terms
The asking price was lowered at least once before the home went under contract.
Statistically
Indicator: ListPrice at close < OriginalListPrice. Reported as the share of sales (%).
The data
12 of 30 resale sales (40.0%).

8.1.8 Seller paid closing costs or repairs

In simple terms
The seller paid some of the buyer's closing costs or repairs.
Statistically
Indicator: ACTRIS_BuyersClsgCostPdbySell + ACTRIS_RepairsAmount > 0. Reported as the share of sales (%).
The data
23 of 30 resale sales (76.7%).

8.1.9 Has a view

In simple terms
The MLS says the home looks over something: a greenbelt or park, trees, golf course, hill country, water and similar.
Statistically
View = the View field holds any entry other than “None”, “Neighborhood” or “See Remarks”. No view = only “None” and/or “Neighborhood”. A record whose only entry is “See Remarks” cannot be classified and is left out of the view slice.
The data
28 sales with a view, 2 without, 0 unclassified. Most common View entries: Hill Country 22, Trees/Woods 19, Park/Greenbelt 5, Rural 4, Canyon 2, Panoramic 2, Pool 2, None 2.

8.2 Methods

8.2.1 Data source

In simple terms
Every figure comes from the Austin Board of REALTORS® MLS, read live by ALEX. No figure is estimated or typed in.
Statistically
Bridge Interactive RESO Web API (OData), ABOR dataset, every field returned. Filter: StandardStatus = Closed, PropertyType = Residential, City = Dripping Springs, SubdivisionName contains any of “sunset canyon” (case-insensitive). A record is kept when its subdivision name belongs to the Sunset Canyon family, the same rule comparable sales use.
The data
Pulled October 26, 2026: 30 closed Sunset Canyon records over the prior year, in ZIP 78620. 8 subdivision spellings kept: Sunset Canyon Sec V (12); Sunset Canyon Sec 1 (5); Sunset Canyon Sec 4 (4); Sunset Canyon Sec Iii (3); Sunset Canyon (2); SUNSET CANYON SEC 3 (2); Sunset Canyon Sec II (1); Sunset Canyon Sec Ii (1). Names found by the search but not part of Sunset Canyon, left out: SUNSET CANYON V (1).

8.2.2 Study window

In simple terms
The most recent 365 days of closed sales: recent enough to describe today's market, long enough to give each group plenty of sales. The usual window is 180 days; it holds only 19 resale sales here (under 80), so the full year is used.
Statistically
CloseDate from October 26, 2025 to October 25, 2026 inclusive.
The data
30 single-family sales in the window: 30 resale, 0 new construction.

8.2.3 Resale and new construction

In simple terms
A resale home was previously owned. New construction is sold by the builder and behaves differently, so it is kept out of every analysis and reported once on its own.
Statistically
New construction = NewConstructionYN true, or PropertyCondition contains “New Construction” or “Under Construction”. Everything else is resale.
The data
30 resale; 0 new construction.

8.2.4 Sales left out

In simple terms
A few records cannot be used as entered and are left out before any analysis.
Statistically
Excluded: PropertySubType other than Single Family Residence; no OriginalListPrice; LivingArea under 400 SF; seller payments above 10% of ClosePrice (treated as entry errors).
The data
None in this window.

8.2.5 Quartiles and groups

In simple terms
Sales lined up from lowest to highest and cut into four groups of about equal size. Each group is named by its range, for example “Under $675K”.
Statistically
Sort by the slicing variable; cut k sits at round(nk/4), k = 1…3. A cut that would split tied values moves to the nearer edge of the tie. A group under 3 sales merges into its smaller neighbor. Range names use the next group's lowest value (“Under”) and the previous group's highest value (“Over”/“After”).
The data
Quartiles by net sale price: Under $675K: $390,000–$621,000 (8 sales); $675K–$750K: $675,000–$750,000 (7 sales); $755K–$920K: $755,000–$920,000 (7 sales); Over $920K: $922,300–$2,182,500 (8 sales)
Quartiles by living area: Under 2,286 SF: 2,029–2,247 SF (8 sales); 2,286–2,475 SF: 2,286–2,475 SF (7 sales); 2,492–2,773 SF: 2,492–2,773 SF (7 sales); Over 2,773 SF: 2,924–5,774 SF (8 sales)
Quartiles by year built: Before 1993: 1962–1992 (8 sales); 1993–1994: 1993–1994 (7 sales); 1995–2000: 1995–2000 (7 sales); After 2000: 2001–2010 (8 sales)
View and no view: View: MLS lists a view (28 sales); No view: None or Neighborhood (2 sales)

8.2.6 Average and median

In simple terms
The average adds the values and divides by how many; one very expensive home can pull it up. The median is the middle value, with half above and half below.
Statistically
Mean x̄ = (1/n) Σ xᵢ; median = 50th percentile. Price, price per SF, living area and discount use the mean; days on market and year built use the median (skewed or whole-year values).
The data
Net sale price: average $825,049, median $752,500. Days on market: average 66, median 31: the average is pulled up by a few long listings.

8.2.7 Kruskal–Wallis test

In simple terms
Checks whether a measure really differs across the four groups of a slice. It uses each sale's rank, not its value, so a few extreme sales cannot drive the answer.
Statistically
H = [12/(n(n+1))] Σ Rⱼ²/nⱼ − 3(n+1), compared with χ² on k − 1 degrees of freedom (Kruskal & Wallis, 1952). Effect size ε² = H/(n − 1): ≥ .01 small, ≥ .06 medium, ≥ .14 large (Tomczak & Tomczak, 2014). A slice is tested only when every group has at least 5 sales; smaller groups are described, not tested.
The data
Run on every measure in sections 3–5; each result is in 8.3.

8.2.8 Mann–Whitney U test

In simple terms
The same check when there are only two groups: view against no view.
Statistically
Two-sided U test (Mann & Whitney, 1947). Effect size = rank-biserial correlation |1 − 2U/(n₁n₂)|: ≥ .10 small, ≥ .30 medium, ≥ .50 large (Kerby, 2014; Cohen, 1988).
The data
Run on every measure in section 6; results in 8.3.

8.2.9 Chi-square test

In simple terms
Checks whether a yes/no share (price cut, seller payment, view) differs between groups more than chance would.
Statistically
Pearson χ² on the 2 × k table of counts, no continuity correction (Pearson, 1900). Effect size Cramér's V = √(χ²/n): ≥ .10 small, ≥ .30 medium, ≥ .50 large (Cramér, 1946).
The data
Run on the three shares in every slice; results in 8.3.

8.2.10 Real difference (significance)

In simple terms
“Real difference” means a gap this large would be very unlikely if the groups were really alike. Because many measures are checked in each slice, the bar is set higher than usual.
Statistically
Significant when p < 0.05 ÷ m, where m is the number of measures tested in that slice (Bonferroni; Dunn, 1961). The slicing variable itself differs by design and is not tested.
The data
Quartiles by net sale price: m = 8, threshold p < 0.0063; Quartiles by living area: m = 8, threshold p < 0.0063; Quartiles by year built: m = 8, threshold p < 0.0063

8.2.11 Size of a difference

In simple terms
A difference can be real but small. The size word (small, medium, large) says how much the groups pull apart.
Statistically
ε² for Kruskal–Wallis, rank-biserial r for Mann–Whitney, Cramér's V for chi-square, with the thresholds above; below the small threshold the size is “negligible”.
The data
3 real differences across the four slices; sizes are listed in 8.3.

8.2.12 Rounding in the text

In simple terms
Headings and sentences round figures so they read easily; the tables at the end of each section give them in full.
Statistically
Prices in headings round to the nearest $1K; price per SF and days on market to the nearest whole number; living area to the nearest 10 SF; shares and percentage gaps to whole percents.
The data
Days on market is always shown in days.

8.3 Test results

Every test behind every gold box. Statistic, degrees of freedom (df), p-value, the threshold it must beat, and the size of the difference.

8.3.1 Quartiles by net sale price

MeasureTestStatisticdfp-valueThresholdReal difference?Effect sizeSize
Net price per SFKruskal–WallisH = 14.2530.0026p < 0.0063Yesε² = 0.491large
Living areaKruskal–WallisH = 12.7930.0051p < 0.0063Yesε² = 0.441large
Year builtKruskal–WallisH = 0.7830.8542p < 0.0063Unclearε² = 0.027small
Days on marketKruskal–WallisH = 4.8330.1849p < 0.0063Unclearε² = 0.166large
Discount from original listKruskal–WallisH = 5.3930.1454p < 0.0063Unclearε² = 0.186large
Price cut before saleChi-squareχ² = 4.3330.2279p < 0.0063UnclearCramér’s V = 0.380medium
Seller paid closing costs or repairsChi-squareχ² = 4.3530.2265p < 0.0063UnclearCramér’s V = 0.381medium
Has a viewChi-squareχ² = 2.1630.5395p < 0.0063UnclearCramér’s V = 0.268small

8.3.2 Quartiles by living area

MeasureTestStatisticdfp-valueThresholdReal difference?Effect sizeSize
Net sale priceKruskal–WallisH = 16.8130.0008p < 0.0063Yesε² = 0.580large
Net price per SFKruskal–WallisH = 2.8830.4111p < 0.0063Unclearε² = 0.099medium
Year builtKruskal–WallisH = 1.7130.6350p < 0.0063Unclearε² = 0.059small
Days on marketKruskal–WallisH = 5.3030.1512p < 0.0063Unclearε² = 0.183large
Discount from original listKruskal–WallisH = 3.6730.2993p < 0.0063Unclearε² = 0.127medium
Price cut before saleChi-squareχ² = 7.2330.0649p < 0.0063UnclearCramér’s V = 0.491medium
Seller paid closing costs or repairsChi-squareχ² = 1.5530.6706p < 0.0063UnclearCramér’s V = 0.227small
Has a viewChi-squareχ² = 1.8830.5988p < 0.0063UnclearCramér’s V = 0.250small

8.3.3 Quartiles by year built

MeasureTestStatisticdfp-valueThresholdReal difference?Effect sizeSize
Net sale priceKruskal–WallisH = 4.0530.2561p < 0.0063Unclearε² = 0.140medium
Net price per SFKruskal–WallisH = 2.7730.4287p < 0.0063Unclearε² = 0.095medium
Living areaKruskal–WallisH = 0.5030.9190p < 0.0063Unclearε² = 0.017small
Days on marketKruskal–WallisH = 0.4030.9410p < 0.0063Unclearε² = 0.014small
Discount from original listKruskal–WallisH = 0.1430.9873p < 0.0063Unclearε² = 0.005negligible
Price cut before saleChi-squareχ² = 2.3230.5084p < 0.0063UnclearCramér’s V = 0.278small
Seller paid closing costs or repairsChi-squareχ² = 1.5530.6706p < 0.0063UnclearCramér’s V = 0.227small
Has a viewChi-squareχ² = 2.1630.5395p < 0.0063UnclearCramér’s V = 0.268small

8.3.4 View and no view

Too few sales in a group to test.

8.4 Data notes

Left out of the analysis: 0 new-construction sales (basic statistics only, section 7); nothing else. Statistics: Python, NumPy 2.5.3, SciPy 1.18.1.

8.5 References

  1. Cohen, J. (1988). Statistical Power Analysis for the Behavioral Sciences (2nd ed.). Erlbaum.
  2. Cramér, H. (1946). Mathematical Methods of Statistics. Princeton University Press.
  3. Dunn, O. J. (1961). Multiple comparisons among means. JASA, 56(293), 52–64.
  4. Kerby, D. S. (2014). The simple difference formula: an approach to teaching nonparametric correlation. Comprehensive Psychology, 3, 11.IT.3.1.
  5. Kruskal, W. H., & Wallis, W. A. (1952). Use of ranks in one-criterion variance analysis. JASA, 47(260), 583–621.
  6. Mann, H. B., & Whitney, D. R. (1947). On a test of whether one of two random variables is stochastically larger than the other. Annals of Mathematical Statistics, 18(1), 50–60.
  7. Pearson, K. (1900). On the criterion that a given system of deviations… Philosophical Magazine, 50(302), 157–175.
  8. Tomczak, M., & Tomczak, E. (2014). The need to report effect size estimates revisited. Trends in Sport Sciences, 21(1), 19–25.

This is a market study of closed sales, not an appraisal or an opinion of value for any home. The analysis covers 30 closed MLS resale sales; the 0 new-construction sales appear only in their own section, as basic statistics. Sale and listing data: ABOR MLS via secure APIs, pulled October 26, 2026. Map data © OpenStreetMap contributors. ALEX Companies · Licensed by the Texas Real Estate Commission · Broker: Alexander Tiffany Southwest, LLC (ALEX Real Estate), #565194-BB · Diane Hart Alexander, Designated Broker, #574877-B.