Northwest Austin: How List Prices Compare to Sells in September

In Northwest Austin, homes sold for an average of 94.7% of their original asking price in September, down from 96.4% the previous month. This metric, known as the close-to-original list ratio, measures how closely final sale prices align with initial listing prices. Across 113 closed sales, the median home sold for $572,000, a figure that is 15.6% higher than the same period last year but slightly lower than August's median of $577,500. ALEX Intelligence analyzed the relationship between original list prices and final sale prices to determine this trend. The data shows that 79.6% of homes sold below their original list price, an increase from 74.2% in August. While buyers are negotiating slightly more effectively than last year, the market remains competitive compared to the broader region where 83.6% of sales fell below list. The median price per square foot dropped to $256, down 9.5% from the prior month, reflecting a shift toward larger homes or different price points within the area. Homes took an average of 46 days to sell, which is 130% longer than in August but still 14.8% faster than last September. This indicates that while negotiation power has shifted slightly toward buyers, the market remains active with steady demand for well-priced inventory. 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