Market Overview
- Active Listings: 22 homes are currently for sale.
- Pending Listings: 8 homes are under contract.
- Homes Sold: 9 homes closed in December.
- Average Sold Price: $395,000.
- Average Price per Square Foot (Sold): $196.
- Days to Sell (Sold): 92 days on average.
- Average Days on Market for Active Listings: 84 days.
- Average Price per Square Foot (Active): $186.
Key Takeaways & Trends
- Pricing Strengthens: The average sold price rose to $395K from $380K in January, continuing a steady upward trend.
- Slightly Faster Market Activity: While the average days on market for sold homes hit 92 days, the days on market for active listings dropped to 84 days, hinting at a potential shift in buyer demand.
- Price Per Square Foot Rising: Homes sold in February averaged $196 per sq. ft., up from $179 in January, showing buyers are paying more for space.
- Listings Holding Steady: The number of active homes remains relatively stable, while pending sales are consistent, indicating a balanced market.
Looking Ahead
As we head into the spring market, Siena’s pricing trends suggest gradual appreciation, and buyers seem willing to pay a bit more per square foot. If demand holds, we may see a faster-moving market in the coming months, but longer selling times could still be a factor. March will be key in determining if Siena is on a stronger growth path or if activity levels off.
If you’re thinking about selling, now is the time to prepare. With fewer homes on the market and buyers still making offers, a well-priced and well-marketed home could attract strong interest.
Stay tuned for next month’s update, and feel free to reach out with any questions about the Siena market!
Kyle Pfaffe | Realtor® | 512-636-9707
