Market Overview
Market Snapshot:
- Active Listings: 23
- Pending Listings: 12
- Homes Sold: 12
- Average Sold Price: $429,167
- Days to Sell: 35
- Average Price per Sq. Ft.: $185.90
- Average Days on Market for Active Listings: 55
- Average Price per Sq. Ft. for Active Listings: $220.94
Key Takeaways & Trends
✅ Strong Sales Month: April brought 12 closings, matching the highest monthly total this year and doubling March’s sales activity.
✅ Homes Selling Quickly: The average days on market dropped to 35, down from 39 in March and 92 in February — a clear sign that buyers are acting faster this spring.
✅ Sold Prices Remain Steady: The average sold price of $429K holds close to March’s $442K, keeping Siena on solid footing as one of the more affordable and attractive neighborhoods in the area.
✅ Price Gap Widens: Active listings are averaging $220.94/sq. ft., while sold homes averaged $185.90/sq. ft., suggesting that some current listings may need to come down in price to meet buyer expectations.
Long-Term Trends & Looking Ahead
Since January, Siena has seen consistent growth in both buyer activity and pricing, with homes selling faster each month. The increase in closings and pending listings shows that demand is strong, but the growing spread between list and sold price per square foot may lead to price corrections on some active homes.
Heading into May, expect continued movement and potential competition among buyers—especially for well-priced homes that show well. Sellers who align with market trends are seeing quick results.
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
