Ken Oenbrink - NTX Property Watch Report

Lewisville, TX

Single-Family Homes

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



Lewisville, TX

Sat May 30 2020
This week the median list price for Lewisville, TX is $309,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has held steady at or around 78. Click here to stay informed with the Lewisville market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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.

Lewisville, TX

Sat May 30 2020
This week the median list price for Lewisville, TX is $309,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has held steady at or around 78. Click here to stay informed with the Lewisville market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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

Never miss important changes in the Lewisville market.
Median List Price $309,000
Per Square Foot $158
Days on Market 51
Price Decreased 18%
Price Increased 4%
Relisted 3%
Inventory 78
Median Rent $1,700
Most Expensive $1,195,000
Least Expensive $175,000
Market Action 68
Strong Seller's Market

The market appears to be 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
$379,000 2,823 6,500 - 8,000 sqft 4 3 8 3 3 51
$325,000 2,156 4,500 - 6,500 sqft 4 2 25 6 3 89
$283,525 1,791 8,000 - 10,000 sqft 3 2 36 10 8 30
$224,450 1,289 6,500 - 8,000 sqft 3 2 48 10 8 32