Palmera Ridge Market Recap and Outlook for October 2026

Deal of the Week

Deal of the Week · 2017 Palmera Ridge Blvd 2017 Palmera Ridge Blvd BLVD, Leander TX 78641 · MLS #9197885 · Listed by eXp Realty LLC. ALEX valuation $504,000 is an ALEX Intelligence estimate, not an appraisal.

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range. Lower quartile: under $616,000 2017 Palmera Ridge Blvd 2017 Palmera Ridge Blvd BLVD, Leander TX 78641 · MLS #9197885 Listed at $529,000, 5 bed, 2.5 bath, 2,500 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 5% under the local price per sq ft. See it on alex.realestate: https://www.alex.realestate/listing-detail/1185018726/2017-Palmera-Ridge-Blvd-2017-Palmera-Ridge-Blvd-BLVD-Leander-TX Lower-middle quartile: $616,000 to $760,000 620 Altea DR, Leander TX 78641 · MLS #1807471 Listed at $624,990, 4 bed, 4 bath, 3,129 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; 11% under the local price per sq ft; price reduced 7% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188992195/620-Altea-DR-Leander-TX Upper-middle quartile: $760,000 to $875,000 2304 Belen DR, Leander TX 78641 · MLS #3152340 Listed at $775,000, 4 bed, 4.5 bath, 3,457 sq ft. The top-scoring home for sale here this week on price per sq ft, price changes and time on market; price reduced 3% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1188937557/2304-Belen-DR-Leander-TX Upper quartile: $875,000 and up 1317 Jolie Rose BND, Leander TX 78641 · MLS #3599279 Listed at $974,900, 5 bed, 4.5 bath, 4,199 sq ft. Listed 4% below the ALEX valuation; price reduced 19% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1182994000/1317-Jolie-Rose-BND-Leander-TX

Key figures · Palmera Ridge · rolling 6 months ending Oct 31, 2026

26 homes sold in Palmera Ridge in the 6 months ending Oct 31, 2026 (up 13.0% on a year earlier).

Median sale price: $730,000 (up 8.1% on a year earlier).

Median price per square foot: $218.

Median days on market: 95.

Median sale price as a share of the original list price: 93.8%.

32 homes for sale now, about 7.4 months of supply at the pace of the last six months.

Source: Unlock MLS, rolling 6 months ending Oct 31, 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.

Palmera Ridge saw median home prices rise to $730,000 in the six months ending October 2026, an 8.1% increase compared to the same period last year. This recovery follows a period where homes sold for significantly less relative to their list prices. The median close-to-original list ratio improved to 93.8%, up from 81.1% in the prior six-month window, indicating that buyers are now paying closer to asking prices than they did previously. Despite the price gains, the market remains slower than a year ago. Homes spent a median of 95 days on the market, which is 150% longer than the 38 days recorded in the same period last year. This extended timeline suggests that while demand has stabilized enough to support higher prices, inventory levels remain high relative to sales volume. The months of inventory stands at 7.38, a figure that typically characterizes a buyer's market where sellers have more time to find buyers. New construction continues to play a major role in this community, accounting for 11 of the 26 closed sales in the current window. The average home size sold was 3,221 square feet, which is slightly smaller than the 3,394 square feet seen in the prior period but still larger than the 2,843 square feet from a year ago. With 37 new listings added recently and 32 active homes currently for sale, the supply side remains robust. ALEX Intelligence analyzed these trends to provide this executive summary of the local market conditions. The data reflects a market in transition, where price resilience is emerging alongside longer selling times. Buyers may find more negotiating power on days on market, while sellers benefit from improved price realization compared to earlier in the year. 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

George Arnold Alexander III, MPA

Partner, ALEX Companies

Associate Broker, Alexander Tiffany Southwest, LLC

Licensed Broker in TX, CO, NC, AL

[email protected] · +1 713.918.9951

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