Market Overview
Market Snapshot:
- Active Listings: 31
- Pending Listings: 1
- Homes Sold: 4
- Average Sold Price: $436,000
- Days to Sell: 31
- Average Price per Sq. Ft.: $182.92
- Close Price to Original List Price Ratio: 98.50%
- Average Days on Market for Active Listings: 104
- Average Price per Sq. Ft. for Active Listings: $185.05
📊 Key Takeaways & Trends
✅ November Shows a Measured Pace: Siena saw 4 closings in November — slower than October’s 9, but still showing steady movement as buyers re-engaged after a quiet September.
✅ Pricing Remains Stable: The average sold price landed at $436K, right in line with fall trends. Price per square foot stayed consistent at $182.92, showing values are holding even when activity fluctuates.
✅ Homes Selling Faster Than Active Inventory: Sold homes averaged 31 days on market, significantly faster than the 104-day average for active listings. Well-priced homes are attracting attention; overpriced or outdated listings are lagging.
✅ Strong Negotiating Power for Sellers: With a 98.5% close-to-list ratio, most sellers saw offers very close to asking — a strong indicator of confidence among active buyers.
✅ Inventory Builds: Available homes increased to 31, giving buyers more options but also increasing competition among sellers heading into winter.
📉 Month-over-Month Snapshot
October brought a surge of closings after a quiet September. November eased back slightly but kept the momentum going. Pricing stability — especially in price per square foot — continues to be Siena’s strongest signal of a balanced fall market.
📍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 or selling, or want help understanding today’s pricing trends, 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
