Palmera Ridge Median Price Drops 7.8% in Six Months

The median home price in Palmera Ridge has fallen to $710,000, down 7.8% from the prior six-month period. This shift comes as 29 single-family homes closed over the rolling window ending October 31, 2026, compared to 41 sales in the previous six months. The market is currently showing a median price of $216.60 per square foot across these transactions. Days on market have shortened significantly compared to the prior period, dropping 59% to a median of 96 days. However, this remains well above the 39-day median recorded in the same window last year. The ratio of final sale price to original list price has improved by 16.4% since the prior period, reaching 94.3%, indicating that homes are closing closer to their asking prices than they did six months ago. ALEX Intelligence analyzed the pricing trends for these 29 sales to determine the current market value. The data shows that 93.1% of closed homes sold below their original list price, a slight decrease from the prior period but still high compared to the same time last year. New construction accounted for 8 of the 29 closings in this window. With 32 active listings and 29 sales over six months, the market holds approximately 6.6 months of inventory. This level suggests a balanced environment where buyers have choices but sellers still find a path to closing. The median living area for these homes was 2,996 square feet, down from 3,394 square feet in the prior period. 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