Ken Oenbrink - NTX Property Watch Report

Lewisville, TX

Single-Family Homes

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



Lewisville, TX

Wed Jan 22 2020
This week the median list price for Lewisville, TX is $288,450 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 68. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Lewisville, TX

Wed Jan 22 2020
This week the median list price for Lewisville, TX is $288,450 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 68. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Lewisville market.
Median List Price $288,450
Per Square Foot $143
Days on Market 66
Price Decreased 41%
Price Increased 3%
Relisted 7%
Inventory 68
Median Rent $1,750
Most Expensive $1,195,000
Least Expensive $119,700
Market Action 56
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
$378,900 2,900 6,500 - 8,000 sqft 4 3 16 2 1 65
$329,900 2,255 6,500 - 8,000 sqft 4 2 24 5 5 104
$260,000 1,844 6,500 - 8,000 sqft 3 2 28 5 5 52
$218,000 1,306 6,500 - 8,000 sqft 3 2 45 6 3 39