Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Mon Apr 22 2019
This week the median list price for Prosper, TX is $500,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 481. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Prosper, TX

Mon Apr 22 2019
This week the median list price for Prosper, TX is $500,000 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 481. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $500,000
Per Square Foot $151
Days on Market 112
Price Decreased 46%
Price Increased 12%
Relisted 8%
Inventory 481
Median House Rent $2,650
Most Expensive $2,199,000
Least Expensive $265,000
Market Action Index
Slight Buyer's Advantage
29

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
$754,835 4,439 0.25 - 0.5 acre 4 4 3 12 5 136
$556,568 3,794 0.25 - 0.5 acre 4 4 1 11 10 106
$460,528 3,130 8,000 - 10,000 sqft 4 3 1 14 12 127
$363,245 2,582 6,500 - 8,000 sqft 4 3 2 19 17 77