Teravista Market Recap: Sales Hold Steady as Prices Dip

Teravista saw 57 homes sell over the past six months, a figure nearly identical to the prior period but down from the same window last year. The median sale price settled at $445,000, reflecting a 6.3% decline compared to the previous year and a slight 1.1% drop from the prior six-month period. While prices softened, homes are selling faster than they were a year ago. The median days on market dropped to 32 days, an 11.1% improvement over the same time last year, though this is slightly slower than the prior period. Buyers are negotiating more aggressively; 84.2% of sales closed below the original list price, up from 76.6% a year ago. The average home size sold has also decreased, with the median living area shrinking to 2,386 square feet, down 8.3% from last year. This shift toward smaller homes coincides with a slight increase in price per square foot to $190. The market remains balanced with roughly five months of inventory available. ALEX Intelligence analyzed these trends to summarize the current state of Teravista. With mortgage rates at 7.24%, buyers are navigating a market where prices have corrected but demand remains steady enough to keep turnover active. 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