Ken Oenbrink - NTX Property Watch Report

Mckinney, TX

Single-Family Homes

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



Mckinney, TX

Sat May 30 2020
This week the median list price for Mckinney, TX is $422,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 541. 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

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.

Mckinney, TX

Sat May 30 2020
This week the median list price for Mckinney, TX is $422,500 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 541. 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

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 Mckinney market.
Median List Price $422,500
Per Square Foot $150
Days on Market 94
Price Decreased 39%
Price Increased 5%
Relisted 8%
Inventory 541
Median Rent $1,950
Most Expensive $9,995,000
Least Expensive $135,000
Market Action 41
Slight Seller's Advantage

The market appears to be 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
$650,000 4,038 0.25 - 0.5 acre 4 4 7 18 15 129
$450,000 3,176 6,500 - 8,000 sqft 4 3 3 14 14 79
$385,270 2,736 4,500 - 6,500 sqft 4 3 4 18 14 94
$309,900 2,091 4,500 - 6,500 sqft 3 2 15 29 38 73