Ken Oenbrink - NTX Property Watch Report

Lewisville, TX

Single-Family Homes

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



Lewisville, TX

Fri Nov 15 2019
This week the median list price for Lewisville, TX is $305,950 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 88. 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

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.

Lewisville, TX

Fri Nov 15 2019
This week the median list price for Lewisville, TX is $305,950 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 88. 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

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 Lewisville market.
Median List Price $305,950
Per Square Foot $142
Days on Market 62
Price Decreased 48%
Price Increased 6%
Relisted 2%
Inventory 88
Median Rent $1,993
Most Expensive $525,000
Least Expensive $124,700
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
$375,000 2,860 6,500 - 8,000 sqft 4 3 21 3 3 77
$325,000 2,156 4,500 - 6,500 sqft 4 2 23 2 6 85
$282,200 1,969 6,500 - 8,000 sqft 3 2 32 4 8 35
$227,500 1,469 6,500 - 8,000 sqft 3 2 46 4 7 50