Legend Oaks: Is It a Buyer's or Seller's Market?

Is Legend Oaks currently a buyer's or seller's market? The answer lies in the months of inventory, which stands at 3.47 based on 37 closed sales over the last 12 months. This figure suggests a balanced market where supply and demand are relatively even. ALEX Intelligence calculates this by dividing the current active listings by the average monthly closings. With 11 homes currently for sale and an average of roughly 3.1 closings per month, the market is neither heavily skewed toward buyers nor sellers. This balance often means prices remain stable, as seen with a median close price of $605,000. Compared to the prior period, the median days on market dropped significantly by 61.1%, falling from 18 days to just 7 days. This indicates that homes are selling much faster now than they were six months ago. Additionally, fewer homes are closing below their original list price, with only 43.2% of sales doing so compared to 66.7% previously. While the median price per square foot rose by 5.3% year-over-year, the overall market remains steady. Buyers and sellers in Legend Oaks should expect a competitive but fair environment where well-priced homes move quickly, yet there is still enough inventory for buyers to find suitable options without extreme bidding wars. Looking to buy in Legend Oaks, 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