Siena Market Recap: Sales Surge as Prices Stabilize

Siena saw a significant shift in activity over the past six months, with closed sales doubling from 32 to 65 while median prices rose 5.3% to $400,000. This period of rolling six months ending September 30, 2026, shows a market that is moving faster than the prior half-year, with homes selling in just 26 days on average compared to 79 days previously. ALEX Intelligence analyzed the data from 65 closed sales to determine that while prices are up, the pace of sales has accelerated dramatically. The median price per square foot dropped 5.4% to $175, reflecting a shift toward larger homes; the median living area grew 12.8% to 2,344 square feet. Despite the faster turnover, buyers still negotiated below original list prices in 81.5% of transactions, though the final sale price relative to the original list improved slightly compared to the prior period. Current inventory stands at 36 active listings, creating a 3.32-month supply of homes. This level suggests a balanced market where demand is keeping pace with new supply. The median home sold for 96.5% of its original list price, indicating that while sellers are still offering concessions, the gap between asking and selling prices has narrowed compared to the previous six months. Looking at specific segments, the Veterans Hill school zone accounted for the most activity with 41 sales at a median price of $405,000. The Benjamin Doc Kerley Elementary zone followed with 24 sales at $383,750. With no new construction closings recorded in this window, the market remains driven by existing inventory. As mortgage rates sit at 7.32%, buyers continue to navigate a landscape where speed and price flexibility are key factors in closing deals. 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