Maxwell: Where Prices Were Cut Most in October

What does it mean when nearly four out of five homes in Maxwell sell for less than the original asking price? In the rolling six months ending October 31, 2026, 77% of closed sales fell below the initial list price. This marks a significant shift from the prior six-month period, where 91.5% of homes sold under list, and compares to 84.8% in the same window last year. ALEX Intelligence analyzed listing history to identify the subdivisions with the most frequent price reductions. The data shows that while price cuts remain common, the market is stabilizing as sellers adjust expectations. In Cotton Gateway, the subdivision with the highest volume of sales (53 closed), 91% of homes sold below original list. Conversely, Sunset Oaks saw only 67% of its sales under list, suggesting stronger pricing power in that community. The median close-to-original list ratio improved to 95.8%, up from 88.2% in the prior six months and slightly above the 94% recorded a year ago. This indicates that while price reductions are still the norm, the gap between asking and selling prices is narrowing. Buyers may find more negotiating leverage in subdivisions where price cuts are frequent, but sellers who price accurately from the start can still command closer to their original expectations. The median sale price for single-family homes in Maxwell stood at $224,927 across 109 closed sales. The median days on market dropped to 47 days, down 40.5% from the prior six months, signaling a faster pace of transactions despite the prevalence of price adjustments. 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