Ken Oenbrink - NTX Property Watch Report

Grapevine, TX

Single-Family Homes

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



Grapevine, TX

Tue Aug 11 2020
This week the median list price for Grapevine, TX is $439,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has held steady at or around 66. Click here to stay informed with the Grapevine market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Grapevine, TX

Tue Aug 11 2020
This week the median list price for Grapevine, TX is $439,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has held steady at or around 66. Click here to stay informed with the Grapevine market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Grapevine market.
Median List Price $439,000
Per Square Foot $181
Days on Market 70
Price Decreased 45%
Price Increased 2%
Relisted 2%
Inventory 66
Median Rent $2,400
Most Expensive $1,500,000
Least Expensive $285,000
Market Action 56
Strong Seller's Market

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
$692,450 3,910 0.25 - 0.5 acre 4 3 18 1 2 146
$487,000 3,074 8,000 - 10,000 sqft 4 2 27 6 3 71
$399,000 2,123 8,000 - 10,000 sqft 3 2 35 2 6 45
$325,000 1,726 8,000 - 10,000 sqft 3 2 40 6 7 21