The local single-family home market for the first quarter of 2026 reflects a balanced but slightly adjusting environment, with steady demand, moderate inventory levels, and increasing importance placed on strategic pricing.
At the time of writing this article, 63 Active Listings showed an average list price of approximately $456,953 and an average market time of 68 days. Homes in the 4-bedroom category are moving the fastest among active listings, while larger 5+ bedroom properties are taking longer to secure buyers, signaling a more selective luxury segment. Overall, active pricing sits notably higher than recent sales, suggesting some upward pricing pressure from sellers.
In the Pending category (26 homes), the average list price drops to $400,293 with an average of 67 days on market, indicating that homes going under contract are often priced more competitively. This gap between active and pending prices points to a market where buyers are exercising negotiation power and gravitating toward well-priced opportunities.
Closed Sales further reinforce this trend. Over the first quarter, 53 homes sold with an average list price of $418,164 and an average sold price of $412,876, achieving an impressive 99.11% sale-to-list price ratio. This demonstrates that while buyers are negotiating, sellers who price appropriately are still capturing near full value. The average time to sell remains consistent at 76 days, reflecting stable transaction timelines.
Breaking down performance by home size reveals important patterns. 3-bedroom homes continue to dominate the market in both volume and consistency, offering predictable pricing and demand. 2-bedroom homes are performing strongly, in some cases even selling at or above asking price. Meanwhile, 4-bedroom homes are experiencing slightly longer market times and more price flexibility, and 5+ bedroom properties remain highly price-sensitive, selling quickly only when aligned with market expectations.
Overall, this quarter highlights a market that is neither overly aggressive nor declining, but rather normalizing. Buyers have gained some leverage, particularly in mid-to-upper price ranges, while sellers must remain mindful of pricing strategy to avoid extended market times.
Key takeaway: Homes that are priced correctly are still selling efficiently and close to list price, while overpricing can lead to longer exposure and necessary reductions. This creates opportunities for both buyers seeking value and sellers prepared to align with current market conditions.
