Ken Oenbrink - NTX Property Watch Report

Little Elm, TX

Single-Family Homes

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



Little Elm, TX

Sat May 30 2020
This week the median list price for Little Elm, TX is $348,646 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 312. Click here to stay informed with the Little Elm 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.

Little Elm, TX

Sat May 30 2020
This week the median list price for Little Elm, TX is $348,646 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 312. Click here to stay informed with the Little Elm 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 Little Elm market.
Median List Price $348,646
Per Square Foot $136
Days on Market 91
Price Decreased 38%
Price Increased 8%
Relisted 4%
Inventory 312
Median Rent $1,973
Most Expensive $1,499,000
Least Expensive $149,900
Market Action 41
Slight Seller's Advantage

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
$469,450 3,371 8,000 - 10,000 sqft 4 3 1 9 5 149
$369,945 2,872 6,500 - 8,000 sqft 4 3 1 9 9 85
$319,950 2,398 6,500 - 8,000 sqft 4 2 2 10 8 76
$262,745 1,955 4,500 - 6,500 sqft 3 2 10 15 12 53