Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Sat May 30 2020
This week the median list price for Prosper, TX is $525,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 352. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Prosper, TX

Sat May 30 2020
This week the median list price for Prosper, TX is $525,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 352. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $525,000
Per Square Foot $159
Days on Market 96
Price Decreased 34%
Price Increased 13%
Relisted 7%
Inventory 352
Median Rent $2,275
Most Expensive $5,750,000
Least Expensive $160,000
Market Action 40
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
$799,450 4,357 0.25 - 0.5 acre 5 4 2 7 14 118
$599,900 3,639 0.25 - 0.5 acre 4 4 2 6 9 74
$474,943 3,428 0.25 - 0.5 acre 4 3 1 10 21 115
$374,950 2,577 6,500 - 8,000 sqft 4 3 1 10 11 73