Mustang Ridge Market Update: Prices Dip as Sales Slow

Mustang Ridge saw median home prices drop to $282,235 over the trailing 12 months, a 5.6% decline from the prior period and the same percentage down compared to last year. This shift coincides with a 33.3% increase in median days on market, which rose to 40 days from 30 days previously. The pace of sales also slowed, with 56 closed homes in the current window compared to 76 in the prior period. Despite fewer transactions, the average home size grew, with median living area increasing 6.2% to 1,813 square feet. Price per square foot fell 4.4% to $161.68, and a higher share of homes sold below their original list price, rising to 85.7% from 73.7%. Inventory remains tight with 33 active listings, resulting in 6 months of supply based on the last six months of closings. While regional benchmarks show a median price of $398,500 and Travis County at $500,000, Mustang Ridge data reflects a distinct local trend where affordability has improved through price adjustments rather than demand surges. ALEX Intelligence analyzed these rolling 12-month figures to highlight the shift from a faster-moving market to one with longer selling times and lower prices per square foot. The data indicates a cooling environment where buyers have more leverage, as evidenced by the increased time on market and higher percentage of sales below list price. 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