The Roads Market Report — November 2025

November produced three closings, all in cash, ranging from $1.225 million to $1.725 million. No conventional financing appeared in any transaction. The median closed at $1.31 million, and days on market ranged from 48 to 93. The month was consistent in its financing profile and revealing in its pricing spread.

910 SW 23rd Rd at $1.725 million was the month’s standout. It combined two factors that have recurred throughout 2025 as drivers of above-median outcomes: an above-average lot — 9,310 square feet — and fully replaced mechanical systems. The MLS record indicated a new roof, new AC, new electrical, and new plumbing. For a buyer who wants to acquire in The Roads without inheriting deferred maintenance or renovation exposure, that combination is substantive. It closed in 48 days, faster than either of the lower-priced properties in November. The data shows that the premium for turnkey condition, when paired with meaningful lot size, was both supported by the market and associated with shorter time on market.

608 SW 26th Rd at $1.31 million on an 8,460 square-foot lot closed in 56 days — also an above-average lot size for the neighborhood at a more accessible price. Cash buyers focused on lot utility have appeared at every price tier throughout 2025, and November continued that pattern. The lot at 608 SW 26th Rd was a factor; the price point made the land-to-price ratio attractive for a cash buyer evaluating long-term options.

451 SW 25th Rd at $1.225 million was described in its listing as “charming” — a term that in MLS context frequently signals original character and period construction rather than recent updates. The property closed in 93 days, the longest hold of the month. That is not a failure; the property found its buyer. But the 93-day timeline reflects what the market consistently shows: character homes with older systems and original condition attract a specific buyer who is comfortable with what they’re acquiring. That buyer exists, but requires time to identify and commit.

A month in which no conventional financing appeared at all is worth flagging. When no lender appraisal is required in any transaction, the negotiation between buyer and seller is not constrained by a third-party valuation. Deals can move from accepted offer to closing more directly. In November, that played out across all three transactions, with closings occurring between 48 and 93 days from list — a tighter DOM window than months that included conventional deals.