Palmera Ridge: Median Prices Rise 30% Year-Over-Year

Palmera Ridge saw median home prices climb to $755,000 in the rolling six months ending September 2026, a 30.2% increase compared to the same period last year. This growth occurred across 32 closed sales, bringing the median price per square foot to $218. The market has also seen significant shifts in how long homes stay listed. Median days on market rose to 197 days, a 462.9% increase from the same window last year when it was just 35 days. This suggests a slower pace of transactions compared to previous years. Homes are selling for 88.8% of their original list price, up slightly from 82.8% in the prior six-month period, though still below the 97.4% seen last year. Inventory levels remain steady with 32 active listings today, resulting in 5.82 months of supply. This indicates a balanced market where neither buyers nor sellers hold a distinct advantage. The median living area for sold homes is 3,289 square feet, which is 19.6% larger than the same period last year. ALEX Intelligence analyzed these figures to highlight that while prices are rising, the time required to close a deal has extended significantly. Buyers and sellers should note that nearly all sales (96.9%) closed below the original list price, reflecting current negotiation dynamics. 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