Market Overview
Market Snapshot:
- Active Listings: 28
- Pending Listings: 2
- Homes Sold: 9
- Average Sold Price: $428,000
- Days to Sell: 84
- Average Price per Sq. Ft.: $181.82
- Close Price to Original List Price Ratio: 92.6%
- Average Days on Market for Active Listings: 84
- Average Price per Sq. Ft. for Active Listings: $186.32
Key Takeaways & Trends
✅ Sales Rebound Slightly: After dipping to just 6 closings in July, Siena saw 9 homes sell in August — a modest rebound, but still below spring’s peak activity.
✅ Prices Ticked Up, But So Did Days on Market: The average sold price rose to $428K (from $364K in July), but homes took significantly longer to sell — averaging 84 days on market.
✅ Buyers Still Cautious: Price per square foot dipped to $181.82, the lowest monthly figure we’ve seen this year, and sellers received just 92.6% of their original list price on average.
✅ Inventory Creeps Higher: With 28 active listings and only 2 under contract, supply is outweighing demand — putting pressure on sellers to stand out with pricing, presentation, or both.
📉 Month-over-Month Snapshot
Compared to July, August brought a bit more sales activity and a higher average price — but those improvements came alongside longer market times and further negotiation on list prices. Buyers remain active but selective, and homes that aren’t priced correctly are lingering.
📍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
