Market Overview
Market Snapshot:
- Active Listings: 27
- Pending Listings: 6
- Homes Sold: 10
- Average Sold Price: $422,000
- Days to Sell: 90
- Average Price per Sq. Ft.: $188.42
- Average Days on Market for Active Listings: 75
- Average Price per Sq. Ft. for Active Listings: $186.31
Key Takeaways & Trends
✅ Sales Slowed Slightly: June closed with 10 sales — down slightly from the 12 closings in both April and May — as buyers became a bit more selective.
✅ Longer Days on Market: Homes that sold in June took an average of 90 days to close, a sharp increase from 45 days in May, signaling more cautious buyer behavior.
✅ Values Holding, But Soft: The average sold price rose slightly from May ($416K → $422K), but price per square foot dipped again to $188.42.
✅ Inventory Grows: Active listings jumped from 15 in May to 27 in June — giving buyers more options, but also creating more competition for sellers.
📆 Quarterly Market Snapshot – Q2 2025 vs. Q2 2024
- Total Sales: 34 closings in Q2 2025, nearly matching the 35 in Q2 2024
- Average Sold Price: Dropped from $457K to $422.5K
- Price per Sq. Ft.: Down from $195.40 to $188.99 — a more reliable indicator of a slight softening in market value
- Time on Market: Increased from 37 to 55 days, confirming buyers are moving more slowly
- List-to-Sale Ratio: Fell from 97.3% to 95.3%, showing more negotiation or price reductions before closing
🔭 What This Means for You
Siena’s market remains active, but buyers are showing more caution. With inventory rising and days on market growing, sellers should be especially mindful of pricing and presentation. While the number of closings remains steady, homes that align with current market expectations are the ones selling — and they’re still selling well.
📍One Last Thought
Real estate is hyper-local — and in neighborhoods like Siena, market conditions can vary from street to street. If you’re thinking about buying, selling, or just want to know what’s happening on your block, we’re 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 | Broker® | 512-636-9707
