Siena Market Pulse: Prices Rise as Sales Speed Up

What does a 5.3% jump in median home prices mean for Siena buyers and sellers right now? Over the rolling six months ending September 30, 2026, the median close price reached $400,000 across 65 closed sales, up from $380,000 in the prior period. This increase coincides with a dramatic shift in market speed, as the median days on market dropped to just 26 days, down 67.1% from the previous six months when homes sat for an average of 79 days. ALEX Intelligence analyzed the pricing dynamics to show that while prices are climbing, negotiation leverage is tightening. The median close-to-original list ratio improved to 0.965, indicating buyers are paying closer to asking price than in the prior period when the ratio was 0.95. Despite this momentum, 81.5% of homes still sold below their original list price, a figure that has remained relatively stable compared to the prior period. The data also reveals a change in the type of homes moving through Siena. The median living area for closed sales grew to 2,344 square feet, an increase of 12.8% over the prior six months. This suggests buyers are currently favoring larger floor plans, even as the price per square foot dipped slightly by 5.4% to $175. Current mortgage rates stand at 7.32%, according to Freddie Mac data from late October, which influences affordability calculations for these larger properties. While the market is moving faster and prices are higher than in the prior six-month window, the median price remains 2.4% below the level seen in the same period last year. This indicates a market that has recovered significant ground but has not yet fully returned to its peak valuation levels from late 2025. 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