Market Overview
Market Snapshot:
- Active Listings: 13
- Pending Listings: 4
- Homes Sold: 9
- Average Sold Price: $141,000
- Days to Sell: 68
- Average Price per Sq. Ft.: $185.78
- Close Price to Original List Price Ratio: 95.89%
- Average Days on Market for Active Listings: 43
- Average Price per Sq. Ft. for Active Listings: $190.78
📊 Key Takeaways & Trends
✅ Sales Rebound Strongly: After a September with zero closings, October brought 9 closed sales, putting activity right back in line with a typical month in Siena.
✅ Average Price Holding Steady: With an average sold price of $414K, values remain consistent with what we saw earlier this summer — a reminder that September’s lull was more about timing than pricing instability.
✅ Market Time Improving: Homes sold in 68 days on average — longer than August, but dramatically better than September’s 100+ day pace for active listings. Buyer activity is clearly returning.
✅ Price per Sq. Ft. Stays Stable: October closed at $185.78/sq. ft., almost identical to September’s active-listing average of $186.65/sq. ft. Values remain steady even as buyer activity ebbs and flows.
✅ Inventory Drops by Half: Active listings fell sharply from 29 in September to just 13 in October. Combined with 4 pending contracts, this tightening inventory could help support pricing into the winter months.
📉 Month-over-Month Snapshot
October was a clear bounce-back month. With 9 closings, stronger buyer engagement, and significantly fewer homes on the market, Siena’s fall market is showing real signs of stabilization. Homes are still taking time to sell, but pricing confidence is improving — and buyers remain active for well-positioned listings.
📍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
