Balcones Woods Median Price Drops 9.6% in Rolling Year

The median sale price in Balcones Woods dropped to $640,000 over the past 12 months, down 9.6% from the prior period. This figure represents 21 closed sales of single-family homes where prices were net of seller-paid concessions. ALEX Intelligence analyzed the market activity to show that while prices softened, the speed of transactions slowed significantly more. The median days on market increased by 42.9% to 10 days compared to the prior period. This shift indicates a move away from the rapid sales pace seen previously. The proportion of homes selling below their original list price also rose sharply. Currently, 85.7% of closed sales went for less than the initial asking price, up 31.4 percentage points from the prior period. In contrast, the median price per square foot remained relatively stable at $357.69, showing a 0.2% increase year-over-year. Homes sold in this window averaged 2,051 square feet, a slight decrease of 2.3% compared to the prior period. The data reflects a market where buyers have more leverage regarding list price negotiations, even as the per-square-foot value holds steady. Current mortgage rates stand at 7.11% according to the Freddie Mac Primary Mortgage Market Survey for the week of November 12, 2026. This rate environment influences buyer purchasing power and the overall affordability dynamics in the area. Curious what your Balcones Woods, Austin home would sell for today? Request a free ALEX Intelligence valuation. 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