Ken Oenbrink NTX Market Reports

Prosper, TX

Single-Family Homes

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



Prosper, TX

Mon Feb 06 2023
This week the median list price for Prosper, TX is $859,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 235. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Prosper, TX

Mon Feb 06 2023
This week the median list price for Prosper, TX is $859,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 235. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $859,000
Median Price of New Listings $680,000
Per Square Foot $251
Average Days on Market 52
Median Days on Market 14
Price Decreased 40%
Price Increased 7%
Relisted 6%
Inventory 235
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,150,000 4,209 0.25 - 0.5 acre 5 5 1 3 6 21
$930,000 3,521 8,000 - 10,000 sqft 4 4.5 1 2 7 14
$798,763 3,521 8,000 - 10,000 sqft 4 3.5 1 7 10 14
$593,000 2,529 6,500 - 8,000 sqft 4 2.5 6 13 8 14