Ken Oenbrink - NTX Property Watch Report

Coppell, TX

Single-Family Homes

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



Coppell, TX

Fri Nov 22 2019
This week the median list price for Coppell, TX is $488,500 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 130. Click here to stay informed with the Coppell market!

Market Action Index

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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Coppell, TX

Fri Nov 22 2019
This week the median list price for Coppell, TX is $488,500 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 130. Click here to stay informed with the Coppell market!

Market Action Index

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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Coppell market.
Median List Price $488,500
Per Square Foot $172
Days on Market 138
Price Decreased 52%
Price Increased 3%
Relisted 18%
Inventory 130
Median Rent $2,205
Most Expensive $4,800,000
Least Expensive $234,000
Market Action 36
Slight Seller's Advantage

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
$812,000 4,311 0.25 - 0.5 acre 5 4 18 2 3 175
$569,950 3,637 8,000 - 10,000 sqft 4 3 23 2 3 188
$449,000 2,623 6,500 - 8,000 sqft 4 2 25 3 6 106
$339,900 1,875 6,500 - 8,000 sqft 3 2 32 3 5 84