Ken Oenbrink - NTX Property Watch Report

Coppell, TX

Single-Family Homes

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



Coppell, TX

Market Action Index

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

Slight Seller's Advantage

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.

Coppell, TX

Market Action Index

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

Slight Seller's Advantage

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 Coppell market.
Median List Price $499,000
Per Square Foot $168
Days on Market 120
Price Decreased 60%
Price Increased 2%
Relisted 12%
Inventory 164
Median House Rent $2,295
Most Expensive $4,800,000
Least Expensive $240,000
Market Action Index
Slight Seller's Advantage
35

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
$795,000 4,561 0.25 - 0.5 acre 5 4 18 2 2 178
$550,000 3,624 8,000 - 10,000 sqft 5 3 23 1 3 141
$459,000 2,717 8,000 - 10,000 sqft 4 2 24 1 0 85
$348,000 2,121 6,500 - 8,000 sqft 3 2 32 1 8 74