Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Fri Nov 15 2019
This week the median list price for Prosper, TX is $493,999 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 405. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Prosper, TX

Fri Nov 15 2019
This week the median list price for Prosper, TX is $493,999 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 405. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Prosper market.
Median List Price $493,999
Per Square Foot $151
Days on Market 115
Price Decreased 56%
Price Increased 10%
Relisted 7%
Inventory 405
Median Rent $2,350
Most Expensive $2,199,000
Least Expensive $239,400
Market Action 30
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
$735,000 4,480 0.25 - 0.5 acre 5 4 2 5 9 137
$550,000 3,807 0.25 - 0.5 acre 4 4 1 7 7 114
$465,000 3,430 8,000 - 10,000 sqft 4 3 0 4 7 108
$364,495 2,488 6,500 - 8,000 sqft 4 2 1 8 7 98