Great Hills: Months of Inventory Signal Balanced Market

Is the Great Hills market currently favoring buyers or sellers? The answer lies in the months of inventory, a key metric that measures how long it would take to sell all current listings at the current sales pace. In Great Hills, Austin, the rolling 12-month data ending October 31, 2026, shows 2.68 months of inventory across 66 closed single-family home sales. This figure places the market in a balanced zone, leaning slightly toward sellers but not yet in a strong seller's territory. Typically, less than six months indicates a seller's market, while more than six suggests a buyer's market. With 2.68 months, demand is outpacing supply, giving sellers some leverage, though buyers still have options compared to tighter markets. The median closing price for these 66 homes was $970,000, up 2.5% from the prior period and the same time last year. Homes spent a median of 25 days on market, a significant increase of 150% compared to the prior period, suggesting a slight cooling in speed but still relatively quick turnover. The average home sold for 95.6% of its original list price, with 66.2% of sales closing below the initial asking price. ALEX Intelligence analyzed these supply and demand dynamics to determine the market classification. While inventory remains low, the rising days on market and slightly lower sale-to-list ratios indicate a shift toward more balance compared to previous periods. Buyers should expect competition but also have room for negotiation in this active Austin neighborhood. Looking to buy in Great Hills, Austin? Get new listings the day they hit the market. 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