Paloma Lake Median Price Drops 5.4% in Rolling Year

Paloma Lake saw its median home price drop to $496,500 over the trailing 12 months ending October 31, 2026. This figure represents a 5.4% decrease compared to the prior rolling 12-month period and matches the same decline year-over-year. The market recorded 48 closed sales during this window, with homes selling in a median of 27 days on market, which is 10% faster than the previous period. ALEX Intelligence analyzed the pricing dynamics to show that while prices softened, the relationship between list and sale price remained stable. The median close-to-original list ratio held at 96.4%, identical to both the prior period and the same time last year. However, the share of homes selling below their original list price rose by 16.5% compared to the previous rolling year, reaching 79.2%. This indicates that while sellers are still negotiating down from list prices, a higher proportion of transactions required concessions than before. The average home size also saw a slight contraction, with median living area dropping 3.5% to 2,735 square feet. Price per square foot decreased by 2.6% to $190. Current mortgage rates stand at 7.24% according to Freddie Mac data from the week of October 29, 2026. With 19 active listings and a calculated 3.68 months of inventory, the market remains in a balanced state where supply meets demand without extreme pressure on either side. 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