Ken Oenbrink - NTX Property Watch Report

Mckinney, TX

Single-Family Homes

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



Mckinney, TX

Sat Sep 21 2019
This week the median list price for Mckinney, TX is $389,639 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 749. Click here to stay informed with the Mckinney market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mckinney, TX

Sat Sep 21 2019
This week the median list price for Mckinney, TX is $389,639 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 749. Click here to stay informed with the Mckinney market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mckinney market.
Median List Price $389,639
Per Square Foot $147
Days on Market 102
Price Decreased 56%
Price Increased 6%
Relisted 8%
Inventory 749
Median House Rent $1,900
Most Expensive $9,995,000
Least Expensive $140,000
Market Action Index
Slight Seller's Advantage
37

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$595,000 3,965 0.25 - 0.5 acre 4 4 3 10 17 139
$426,825 3,008 6,500 - 8,000 sqft 4 3 1 7 16 112
$349,900 2,447 6,500 - 8,000 sqft 4 2 5 18 21 86
$276,750 1,889 6,500 - 8,000 sqft 3 2 16 21 24 72