Orchard Ridge Market Recap and Outlook for September

Orchard Ridge saw median prices settle at $374,950 across 25 closed sales in the rolling 12 months ending September 30, 2026. This figure represents a 2.2% decline compared to the prior 12-month period and matches the same timeframe last year. The market also experienced a notable shift in speed, with median days on market rising 27.8% to 69 days, while the median price per square foot dropped 8.3% to $166. ALEX Intelligence analyzed the full dataset of 25 transactions to determine that homes are selling for 93.1% of their original list price, down slightly from 94.3% previously. This trend aligns with a broader pattern where 88% of sales closed below the original asking price. Despite the cooling in price growth, the average home size increased by 7.2%, reaching 2,388 square feet compared to 2,228 square feet in the prior period. New construction remains a steady component of the market, accounting for 6 of the 25 closed sales. With only 10 active listings currently on the market and 17 homes closing over the last six months, inventory levels remain tight. The data suggests a balanced but slowing environment where buyers have more time to negotiate, yet supply constraints persist. Current mortgage rates stand at 7.32% according to Freddie Mac data from the week of October 22, 2026. For a buyer purchasing a median-priced home, a standard buydown could reduce monthly principal and interest payments by up to $573 in the first year, though it would cost approximately $13,980 upfront. The market continues to adjust to these financing conditions as activity remains modest compared to regional benchmarks. 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