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

Wed Oct 23 2019
This week the median list price for Little Elm, TX is $324,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 395. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Little Elm, TX

Wed Oct 23 2019
This week the median list price for Little Elm, TX is $324,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 395. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Little Elm market.
Median List Price $324,900
Per Square Foot $134
Days on Market 95
Price Decreased 57%
Price Increased 6%
Relisted 9%
Inventory 395
Median House Rent $1,893
Most Expensive $1,575,000
Least Expensive $153,000
Market Action Index
Slight Seller's Advantage
39

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
$447,450 3,334 0.25 - 0.5 acre 4 3 1 2 2 131
$360,000 2,757 6,500 - 8,000 sqft 4 3 1 5 5 103
$295,000 2,253 6,500 - 8,000 sqft 4 2 3 12 6 89
$249,900 1,859 4,500 - 6,500 sqft 3 2 11 10 14 56