Steiner Ranch List-to-Sale Ratio Explained

How much of the asking price do buyers actually pay in Steiner Ranch? The answer lies in the list-to-sale price ratio, a metric that tracks the relationship between the original listing price and the final closing price. In this market, ALEX Intelligence analyzed 113 closed sales to determine that homes sold for an average of 94.9% of their original list price. This figure represents a slight improvement over the prior six-month period, where the ratio stood at 94.2%. The data indicates that while sellers are still accepting offers below their initial asking price, the gap is narrowing compared to earlier in the year. Over the same window last year, homes sold for 95.6% of the list price, suggesting a slight softening in negotiation leverage relative to the previous year. The trend also shows that 83% of these transactions closed below the original list price. This high percentage of reduced offers highlights that buyers retain significant negotiating power in this community. The median close price for these properties reached $828,000, up 3.4% from the prior six-month period, even as the average days on market dropped significantly to 38 days. Understanding this ratio helps sellers set realistic expectations and allows buyers to gauge how much room remains in negotiations. The data confirms that while prices are rising, the final sale price still typically reflects a discount from the initial listing. 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