Market Overview
Market Snapshot:
- Active Listings: 15
- Pending Listings: 11
- Homes Sold: 12
- Average Sold Price: $416,000
- Days to Sell: 45
- Average Price per Sq. Ft.: $192.56
- Average Days on Market for Active Listings: 38
- Average Price per Sq. Ft. for Active Listings: $204.13
Key Takeaways & Trends
✅ Steady Sales Continue: May matched April with another 12 closings, showing consistent buyer demand this spring.
✅ Slight Dip in Prices: The average sold price came in at $416K, a small drop from April but still in line with the steady range Siena has seen all year.
✅ Homes Taking a Bit Longer: The average days on market for sold homes rose to 45 — a reminder that buyers are still active, but more deliberate.
✅ Tightening the Price Gap: The spread between active and sold price per square foot narrowed slightly, suggesting sellers are beginning to price more in line with market expectations.
🔭Long-Term Trends & Looking Ahead
Siena continues to show reliable momentum, with strong sales and healthy pending activity month after month. Inventory ticked down slightly in May, and while homes are taking a bit longer to sell, the consistent pace of closings points to a stable and attractive market heading into summer.
📍One Last Thought
Real estate is hyper-local — and in neighborhoods like Siena, market conditions can vary from street to street. If you ever have questions about what’s happening in your part of the neighborhood or want to talk through your options, don’t hesitate to reach out. We’re always here to help you make smart, informed decisions.
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
