Summerlyn: How Close to List Price Did Homes Sell?

In Summerlyn, homes sold for an average of 98 cents on the dollar over the last six months. This close-to-list ratio measures how closely the final sale price matches the original asking price when a deal closes. A ratio below 1.0 indicates buyers negotiated discounts, while a ratio above 1.0 suggests bidding wars drove prices higher than the initial list. ALEX Intelligence analyzed 31 closed sales to determine that the median close-to-list ratio was 0.98. This means sellers received 98% of their original asking price on average. The data shows that 67.7% of these homes sold below their original list price, a figure that has improved slightly compared to the prior six-month period where 72.7% sold under list. The median sale price for these transactions was $335,000, down 2.9% from the previous six months but up 1.9% from the same window last year. While prices dipped slightly in dollar terms, the price per square foot rose 8.1% to $161, indicating that smaller homes or those with fewer features may be driving the recent sales mix. The market is moving faster than a year ago, with homes spending an average of 21 days on the market, down 46.2% from the same period last year. This acceleration in sales velocity coincides with a tighter close-to-list ratio, suggesting that while buyers still negotiate, the window for deep discounts has narrowed significantly compared to previous years. 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