Cliff's Real Estate Market Report
Mckinney, TX 75070
Single-Family Homes
Clifford Freeman | 214-680-5403 | Your Market Expert with The Cliff Freeman Group brokered by eXp Realty
Mckinney, TX 75070
Sat May 11 2024
This week the median list price for Mckinney, TX 75070 is $575,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 125.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since 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
| Median List Price | $575,000 | |
| Median Price of New Listings | $499,000 | |
| Per Square Foot | $228 | |
| Average Days on Market | 45 | |
| Median Days on Market | 21 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 5% | |
| Inventory | 125 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $903,990 | 3,604 | 6,500 - 8,000 sqft | 4 | 4 | 5 | 3 | 4 | 49 |
| $660,000 | 2,731 | 4,500 - 6,500 sqft | 4 | 3 | 8 | 4 | 1 | 28 |
| $519,000 | 2,362 | 6,500 - 8,000 sqft | 4 | 2.5 | 23 | 7 | 3 | 14 |
| $445,000 | 2,027 | 6,500 - 8,000 sqft | 3 | 2 | 24 | 7 | 3 | 14 |