Mueller Market Pulse: Prices Dip as Sales Speed Up

What happens when homes sell faster but for slightly less? In Mueller, the median sale price dropped 4.2% to $841,683 over the last six months compared to the prior period, even as the time it takes to close a deal shrank dramatically. Across 56 closed sales, properties spent just 17 days on market, a 41% drop from the previous six-month window and a 53% drop from the same period last year. ALEX Intelligence analyzed the pricing dynamics by comparing original list prices against final sale figures. The median close-to-original-list ratio rose to 0.977, indicating that buyers are paying closer to asking price than they did previously, despite the overall median price dip. This suggests a market where competition is intense for well-priced inventory, driving quicker decisions even as total transaction values adjust downward. The data also reveals a shift in home characteristics. The median living area grew slightly to 2,080 square feet, up 3.8% from a year ago, while the price per square foot ticked up 0.7% year-over-year. With 36 active listings currently on the market and 56 sales closing in the last half-year, the supply remains tight relative to demand. This six-month snapshot captures a distinct shift: homes are moving at nearly twice the speed of last year, yet the final price tags reflect a modest correction from the peak levels seen earlier in the cycle. For buyers, this means faster competition but potentially better negotiating leverage on specific properties than in previous months. 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