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 Apr 26 2018
This week the median list price for Little Elm, TX is $337,787 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 288. Click here to stay informed with the Little Elm market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Thu Apr 26 2018
This week the median list price for Little Elm, TX is $337,787 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 288. Click here to stay informed with the Little Elm market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $337,787
Per Square Foot $131
Days on Market 74
Price Decreased 33%
Price Increased 12%
Relisted 7%
Inventory 288
Median House Rent $1,850
Most Expensive $1,500,000
Least Expensive $59,900
Market Action Index
Slight Seller's Advantage
38

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
$482,735 3,477 0.25 - 0.5 acre 4 3 1 5 3 124
$361,250 3,003 6,500 - 8,000 sqft 4 3 3 4 8 81
$301,632 2,344 6,500 - 8,000 sqft 4 2 4 15 10 55
$250,000 1,802 6,500 - 8,000 sqft 3 2 13 15 18 35