Sonterra Median Price Drops 3.4% in Rolling Six Months

The median sale price for single-family homes in Sonterra dropped to $250,000 over the last six months, down 3.4% from the prior period and 0.9% lower than the same window a year ago. This decline occurred alongside a rise in sales volume, with 124 closed transactions compared to 112 previously and 150 during the same period last year. ALEX Intelligence analyzed the market dynamics using a rolling six-month window to smooth out monthly volatility. The data shows that while homes are selling at a slightly lower price point, the time on market has remained steady at a median of 83 days, which is 25.8% longer than the same period last year when it was 66 days. Price per square foot also decreased by 10.1% compared to last year, settling at $137.44. Despite the lower prices, buyers are negotiating effectively; 80.6% of homes sold below their original list price, a figure that has improved slightly from 85.7% in the prior period but remains higher than the 88% seen last year. The market continues to be driven by new construction, which accounted for 55 of the 124 closed sales in this window. With 121 active listings currently on the market, the area maintains a balanced inventory level suitable for both buyers and sellers seeking value in the current rate environment. 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