Ken Oenbrink - NTX Property Watch Report

Prosper, TX

Single-Family Homes

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



Prosper, TX

Thu Apr 26 2018
This week the median list price for Prosper, TX is $519,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 491. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Prosper, TX

Thu Apr 26 2018
This week the median list price for Prosper, TX is $519,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 491. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Prosper market.
Median List Price $519,000
Per Square Foot $151
Days on Market 100
Price Decreased 42%
Price Increased 21%
Relisted 5%
Inventory 491
Median House Rent $2,400
Most Expensive $14,500,000
Least Expensive $220,000
Market Action Index
Slight Buyer's Advantage
28

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
$822,445 4,627 0.25 - 0.5 acre 5 4 3 10 4 115
$575,000 3,869 0.25 - 0.5 acre 4 4 1 12 6 98
$470,658 3,462 8,000 - 10,000 sqft 4 3 1 9 9 106
$369,990 2,577 6,500 - 8,000 sqft 4 3 2 14 11 80