Steiner Ranch: October Market Recap and Outlook

Steiner Ranch saw median prices rise to $837,500 across 118 closed sales in the rolling six months ending October 31, 2026. This represents a 1.5% increase from the prior six-month period and a 2.5% gain compared to the same window last year. Homes sold faster this cycle, with median days on market dropping to 32 days, down 23.8% from the previous half-year, though still up 6.7% from the prior year. ALEX Intelligence analyzed the supply and demand balance using current inventory levels against recent sales velocity. With 55 active listings and 118 closings over six months, the market holds 2.8 months of inventory. This places Steiner Ranch in a balanced to slightly seller-favorable position, as homes typically sell within a month of listing when demand is strong. The price per square foot averaged $272, up 5% from the prior period but down slightly year-over-year. Buyers paid an average of 95.3% of the original list price, a ratio that improved by 1.3% compared to the previous six months. While 81.4% of homes sold below their original asking price, this share decreased by 13.8% from the prior period, indicating stronger negotiation leverage for sellers recently. Looking ahead, the pipeline of pending sales suggests continued activity. With mortgage rates at 7.18%, affordability remains a key factor for buyers entering the market. The data indicates that while prices are holding steady, the speed of transactions is accelerating, suggesting a market that is finding its footing after recent fluctuations. 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