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

Tue Jul 14 2020
This week the median list price for Little Elm, TX is $343,494 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 290. 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

Tue Jul 14 2020
This week the median list price for Little Elm, TX is $343,494 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 290. 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 $343,494
Per Square Foot $139
Days on Market 86
Price Decreased 34%
Price Increased 11%
Relisted 4%
Inventory 290
Median Rent $1,900
Most Expensive $1,399,900
Least Expensive $115,000
Market Action 44
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
$491,647 3,375 8,000 - 10,000 sqft 4 3 1 10 4 151
$369,450 2,850 6,500 - 8,000 sqft 4 3 1 5 11 78
$305,500 2,329 6,500 - 8,000 sqft 4 2 4 10 17 67
$255,000 1,822 4,500 - 6,500 sqft 3 2 13 14 19 45