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 Sep 21 2019
This week the median list price for Little Elm, TX is $323,787 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 432. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Little Elm, TX

Sat Sep 21 2019
This week the median list price for Little Elm, TX is $323,787 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 432. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Little Elm market.
Median List Price $323,787
Per Square Foot $134
Days on Market 87
Price Decreased 52%
Price Increased 4%
Relisted 8%
Inventory 432
Median House Rent $1,795
Most Expensive $1,575,000
Least Expensive $195,000
Market Action Index
Slight Seller's Advantage
36

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
$438,977 3,303 8,000 - 10,000 sqft 4 3 0 9 5 119
$350,268 2,735 6,500 - 8,000 sqft 4 3 2 8 8 86
$292,000 2,305 6,500 - 8,000 sqft 4 2 3 12 8 88
$249,639 1,867 4,500 - 6,500 sqft 3 2 11 8 25 53