Jonestown Market Recap: Sales Drop, Prices Fall in Rolling Six Months

Jonestown saw its median home price drop to $449,000 in the rolling six months ending September 30, a 42.1% decline compared to the same period last year. This sharp correction followed a period where prices were significantly higher, with the prior six-month window showing a median of $716,500. The market also cooled on volume, with 49 closed sales recorded in the current window versus 36 in the prior six months and 37 in the same window last year. ALEX Intelligence analyzed the data to show that while prices have retreated, homes are selling faster than before. The median days on market dropped to 41 days, down 32.8% from the prior period and 40.6% from a year ago. This speed suggests buyers are moving quickly once they find a property priced to match current conditions. The share of homes selling below original list price rose to 85.7%, up 9.4 percentage points compared to last year, indicating that negotiation power has shifted toward buyers. The median close-to-original list ratio fell to 0.926. With 77 active listings and 49 sales over six months, the market currently holds 9.43 months of inventory, a level typically associated with balanced conditions rather than a seller's market. New construction activity remains a small fraction of the total, with only 5 new homes closing in the window compared to 9 in the prior period and 11 last year. The median living area for closed sales also shrank significantly to 1,784 square feet, down 32.5% from the prior six months, reflecting a shift toward smaller properties in this price range. 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