Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Sat Sep 21 2019
This week the median list price for Prosper, TX is $495,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 417. 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 started cooling and prices have been flat for several weeks. Since 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

Sat Sep 21 2019
This week the median list price for Prosper, TX is $495,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 417. 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 started cooling and prices have been flat for several weeks. Since 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 $495,000
Per Square Foot $150
Days on Market 101
Price Decreased 52%
Price Increased 13%
Relisted 8%
Inventory 417
Median House Rent $2,400
Most Expensive $2,199,000
Least Expensive $229,900
Market Action Index
Slight Seller's Advantage
33

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
$734,950 4,454 0.25 - 0.5 acre 5 4 1 6 11 135
$550,000 3,875 0.25 - 0.5 acre 4 4 1 7 7 105
$463,584 3,286 8,000 - 10,000 sqft 4 3 0 11 8 72
$367,270 2,466 6,500 - 8,000 sqft 4 3 1 14 12 90