Ken Oenbrink - NTX Property Watch Report

Flower Mound, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Flower Mound, TX

Mon Jan 20 2020
This week the median list price for Flower Mound, TX is $547,400 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 146. Click here to stay informed with the Flower Mound market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Flower Mound, TX

Mon Jan 20 2020
This week the median list price for Flower Mound, TX is $547,400 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 146. Click here to stay informed with the Flower Mound market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Flower Mound market.
Median List Price $547,400
Per Square Foot $176
Days on Market 119
Price Decreased 32%
Price Increased 8%
Relisted 5%
Inventory 146
Median Rent $2,100
Most Expensive $10,900,000
Least Expensive $245,900
Market Action 42
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$1,349,500 6,086 1 - 2.5 acres 5 5 15 3 4 160
$766,000 3,837 0.25 - 0.5 acre 4 4 3 2 4 145
$490,460 3,178 8,000 - 10,000 sqft 4 3 18 7 5 106
$359,900 2,366 8,000 - 10,000 sqft 4 2 27 11 7 66