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

Thu Jan 23 2020
This week the median list price for Little Elm, TX is $347,454 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 308. 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

Thu Jan 23 2020
This week the median list price for Little Elm, TX is $347,454 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 308. 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 $347,454
Per Square Foot $137
Days on Market 101
Price Decreased 41%
Price Increased 14%
Relisted 4%
Inventory 308
Median Rent $1,850
Most Expensive $1,200,000
Least Expensive $144,400
Market Action 38
Slight Seller's Advantage

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
$474,000 3,209 0.25 - 0.5 acre 4 3 1 11 4 148
$369,990 2,720 6,500 - 8,000 sqft 4 3 1 14 7 82
$312,900 2,392 6,500 - 8,000 sqft 4 2 2 8 8 93
$260,990 1,958 6,500 - 8,000 sqft 3 2 12 15 14 79