Ken Oenbrink - NTX Property Watch Report

Celina, TX

Single-Family Homes

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



Celina, TX

Tue Feb 19 2019
This week the median list price for Celina, TX is $389,782 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 304. Click here to stay informed with the Celina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Celina, TX

Tue Feb 19 2019
This week the median list price for Celina, TX is $389,782 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 304. Click here to stay informed with the Celina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Celina market.
Median List Price $389,782
Per Square Foot $140
Days on Market 120
Price Decreased 51%
Price Increased 9%
Relisted 4%
Inventory 304
Median House Rent $1,795
Most Expensive $5,250,000
Least Expensive $139,900
Market Action Index
Slight Buyer's Advantage
27

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
$598,450 3,804 0.25 - 0.5 acre 4 4 1 3 3 146
$429,265 3,095 6,500 - 8,000 sqft 4 3 1 4 1 109
$360,177 2,798 6,500 - 8,000 sqft 4 3 1 5 2 131
$289,495 2,070 4,500 - 6,500 sqft 3 2 1 7 6 96