Teravista Market Recap: Sales Up, Prices Down in Rolling Six Months

Teravista's housing market showed resilience in the second half of 2026 with a notable increase in transaction volume despite a slight dip in median prices compared to last year. Over the rolling six months ending September 30, 2026, 64 homes closed for sale, representing an 8.3% increase in activity compared to the prior six-month period and a modest 4.9% decrease from the same window a year ago. The median closing price settled at $465,750, up 8.3% from the previous six months but 4.9% lower than the $489,900 recorded in the prior year. This shift coincides with a faster pace of sales; homes spent an average of 30 days on market, down from 39 days in the previous period and up slightly from 29 days last year. Sellers are also seeing better results relative to their initial asking prices, with the median close-to-original list ratio reaching 0.97, up from 0.948 in the previous six months. Inventory levels remain balanced at 4.45 months of supply, suggesting a market that is neither heavily skewed toward buyers nor sellers. The typical home sold was 2,432 square feet, slightly larger than the 2,354 square feet seen in the prior period. While the median price per square foot rose to $193, up 2.1% from the previous six months, it remains 0.5% below the year-ago level of $194. ALEX Intelligence analyzed these trends to highlight that while affordability pressures persist with mortgage rates at 7.24%, the increased sales velocity indicates steady demand for Teravista properties. The data reflects a market where buyers are moving faster and sellers are achieving closer to their original list prices, even as overall price growth moderates compared to the previous year. 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