Ken Oenbrink NTXsuburbs.com Market Reports

Prosper, TX

Single-Family Homes

NTXsuburbs.com / 972-816-1660 / ken.oenbrink@gmail.com



Prosper, TX

Tue Mar 19 2024
This week the median list price for Prosper, TX is $925,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 243. Click here to stay informed with the Prosper market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Prosper, TX

Tue Mar 19 2024
This week the median list price for Prosper, TX is $925,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has increased to 243. Click here to stay informed with the Prosper market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $925,000
Median Price of New Listings $895,000
Per Square Foot $265
Average Days on Market 69
Median Days on Market 35
Price Decreased 33%
Price Increased 7%
Relisted 12%
Inventory 243
Median Rent
Market Action 39
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,250,000 4,242 0.25 - 0.5 acre 4 4.5 3 8 4 38
$986,432 3,757 8,000 - 10,000 sqft 4 4.5 1 5 3 56
$866,452 3,297 8,000 - 10,000 sqft 4 4 1 7 1 35
$679,900 2,595 6,500 - 8,000 sqft 4 3 8 11 4 28