Ken Oenbrink - NTX Property Watch Report

Celina, TX

Single-Family Homes

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



Celina, TX

Mon Apr 22 2019
This week the median list price for Celina, TX is $397,742 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 297. 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 Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Celina, TX

Mon Apr 22 2019
This week the median list price for Celina, TX is $397,742 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 297. 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 Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Celina market.
Median List Price $397,742
Per Square Foot $143
Days on Market 108
Price Decreased 41%
Price Increased 19%
Relisted 4%
Inventory 297
Median House Rent $1,700
Most Expensive $4,985,000
Least Expensive $145,000
Market Action Index
Slight Seller's Advantage
30

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
$566,500 3,808 0.25 - 0.5 acre 4 4 1 7 10 137
$433,943 3,000 6,500 - 8,000 sqft 4 3 1 3 4 109
$365,000 2,714 6,500 - 8,000 sqft 4 3 1 7 8 106
$285,000 2,059 4,500 - 6,500 sqft 3 2 1 10 8 81