Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Prosper, TX

Tue Feb 19 2019
This week the median list price for Prosper, TX is $510,683 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 470. Click here to stay informed with the Prosper 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Prosper, TX

Tue Feb 19 2019
This week the median list price for Prosper, TX is $510,683 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 470. Click here to stay informed with the Prosper 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $510,683
Per Square Foot $151
Days on Market 135
Price Decreased 38%
Price Increased 15%
Relisted 8%
Inventory 470
Median House Rent $2,473
Most Expensive $2,199,000
Least Expensive $252,999
Market Action Index
Slight Buyer's Advantage
26

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
$740,771 4,385 0.25 - 0.5 acre 5 4 1 8 5 163
$565,000 3,780 0.25 - 0.5 acre 4 4 1 11 1 141
$466,841 3,300 8,000 - 10,000 sqft 4 3 1 9 5 140
$379,450 2,743 6,500 - 8,000 sqft 4 3 1 3 3 98