South Central Austin: How List Prices Compare to Sells in October

In South Central Austin, the gap between asking and selling prices narrowed in October as homes closed at a median of $503,700 across 66 sales. The median close-to-original list ratio reached 94%, up from 91.5% in September and 90.6% a year ago. This metric measures how closely final sale prices track the initial asking price; a higher ratio indicates stronger buyer willingness to meet seller expectations. ALEX Intelligence analyzed the pricing dynamics for this period, noting that 87.9% of homes sold below their original list price. While nearly nine out of ten transactions still ended with a discount, the average gap has shrunk compared to the prior month and last year. The median price per square foot also adjusted downward to $356, reflecting a 7.9% drop from September and a 25.8% decline year-over-year. These figures suggest a market where pricing precision is becoming more critical. With the median close-to-original list ratio improving by 2.7 percentage points month-over-month, sellers who price accurately are seeing results closer to their initial targets. The data covers single-family homes with prices net of seller-paid concessions, providing a clear view of actual transaction values in this South Central Austin neighborhood. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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