Market Overview
Market Snapshot:
- Active Listings: 29
- Pending Listings (as of Sept 30): 4
- Homes Sold: 0
- Average Sold Price: N/A
- Days to Sell: N/A
- Average Price per Sq. Ft.: N/A
- Close Price to Original List Price Ratio: N/A
- Average Days on Market for Active Listings: 105
- Average Price per Sq. Ft. for Active Listings: $186.65
📊 Key Takeaways & Trends
⏸️ No Sales Closed in September: For the first time this year, no homes closed in Siena during the month of September. But that doesn’t mean buyers have disappeared — in fact, 2 homes have already closed in October, and 10 are currently pending.
📉 Listings Sitting Longer: Active listings are averaging 105 days on market, and some homes have come off the market altogether — with 8 withdrawn, expired, or placed on hold since September 1.
🏷️ Market Reset in Progress: While price per square foot for active listings remains steady at $186.65, the prolonged time on market and lack of September sales suggest that many listings may need to be repositioned with updated pricing or improved presentation.
📈 Momentum Returning: With multiple October closings already on the books and 10 pending contracts, signs point to buyer activity picking back up this fall — but sellers need to stay competitive.
📉 Month-over-Month Snapshot
August brought 9 closings and a $428K average sold price. In contrast, September had no closings, giving us a pause in activity — but with fresh October movement and a still-active pipeline, it looks like Siena may just be going through a temporary cooling period rather than a major slowdown.
📍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
