April saw a 20% decrease in the number of new listings when compared to April 2024. When comparing the number of properties that went under contract in the same periods, we saw a corresponding 22% decrease.
With the new listings outpacing the number of pendings, we did see a slight rise in the months of inventory metric, however the sales price to current list price ratio stayed the same at 98%.
The sales price to original list price, however, went down a bit to 94%. These properties that sold at such a low ratio had an average DOM (days on market) of 142 days! The average DOM for the current listings in 78732 is 77 days. The key takeaway here is that property priced homes will sell faster! It should be noted tht 7 of the 24 properties that sold in April sold at or above their current list price.
When we look at all of these numbers together, it gives a pretty good picture of what’s going on in our market. There is healthy demand for well priced properties.
The Steiner Ranch rental market has shifted significantly in recent months. Currently, there are no available properties listed below $3,100/month. Days on market have dropped sharply—from an average of 85 days in February to just 44 in March and only 31 in April. In fact, 11 of the 15 rentals currently pending went under contract in 20 days or less, highlighting strong demand.
Spring and early summer typically bring increased rental activity, which puts upward pressure on prices. In April, rental properties averaged $1.47 per square foot—up from $1.17 in January. This seasonal spike is one reason many landlords structure leases to end in May and avoid month-to-month renewals without raising rent.
There are countless factors that can cause a property to be priced incorrectly, but one of the most common is a lack of local expertise. Steiner Ranch is a unique community made up of dozens of distinct neighborhoods, each with its own characteristics—ranging from lot size, slope, and views to proximity to schools and amenities. Most agents simply don’t have the experience to accurately interpret the data in the MLS for this area. It takes years of touring homes, analyzing market trends, and having hundreds of conversations with local buyers and sellers to truly understand this market.
That’s why choosing the right agent matters. Over the past 18 years, I’ve had the privilege of representing more than 300 buyers, sellers, and tenants right here in Steiner Ranch. I’d be honored to put that experience to work for you—whether you’re selling your home or looking to buy in the best neighborhood in Austin.
As always, if I can help you buy or sell or just answer any questions about Steiner Ranch or the Steiner Ranch market, don’t hesitate to give me a call at (512) 657-7510 or email me at Elicia@SteinerRanchinfo.com
