Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Wed Aug 12 2020
This week the median list price for Prosper, TX is $530,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 276. Click here to stay informed with the Prosper market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Prosper, TX

Wed Aug 12 2020
This week the median list price for Prosper, TX is $530,000 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 276. Click here to stay informed with the Prosper market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $530,000
Per Square Foot $162
Days on Market 89
Price Decreased 38%
Price Increased 14%
Relisted 5%
Inventory 276
Median Rent $2,400
Most Expensive $2,100,000
Least Expensive $249,500
Market Action 41
Slight Seller's Advantage

The market appears to be 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
$819,000 4,463 0.25 - 0.5 acre 5 4 3 6 9 115
$596,708 3,519 0.25 - 0.5 acre 4 3 0 4 9 81
$497,999 3,428 0.25 - 0.5 acre 4 3 4 11 11 73
$389,000 2,545 6,500 - 8,000 sqft 4 2 3 15 15 84