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Celina Real Estate Market Trends & Statistics

This week the median list price for Celina, TX is $387,975 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 246.

Celina Real Estate Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory. Currently we are seeing a Slight Seller's Advantage

Celina Real Estate Market Action Index Q1 2020

Celina market action index trend has seen minor flucuations over the the past year, and has started to increase after previous declines due to continued new construction growth and master plan community development. While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the Market Action Index.

Celina Market Action Index Real Estate Trends Q1 2020

Celina TX Real Estate Market Profile

Each Celina TX home segment below represents approximately 25% of the market ordered by price.

Median List Price
$387,975
Per Square Foot
$148
Days on Market
103
Price Decreased
38%
Price Increased
25%
Relisted
7%
Inventory
246
Median Rent
$1,850
Most Expensive $1,990,000
Least Expensive $129,900
Market Action
31
Slight Seller's Advantage


Celina TX Real Estate Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Celina Homes Average Days on Market

The Celina real estate market currently has and 90-Day rolling average of 119 days on market with a 7 day moving average that is showing a rapid decline and is currently at 103 days on market with continued signs. Based on previous DOM trends I believe that the 90 day average will begin to decline in coming months to match the 7-day average trend as available Celina home inventory continues to decline, Celina new construction spec homes decrease and the real estate market demand heats up in early Spring into Summer 2020.

Celina Real Estate Average Days on Market DOM Q1 2020

Celina Real Estate Inventory Averages Q1 2020

Celina home inventory continues to have downward pressure with 258 homes for sale over an average of the past 90 days. This is a decline of 14% from a year ago as overall inventory continues to be sold. We believe the trend will continue through Summer when inventory will begin to increase again as previous trends indicate. 

Celina Real Estate Inventory Averages Q1 2020

Celina Median List Price Trends Q1 2020

While we have seen continued to declines in the median list price of homes for sale in Celina TX, we are starting to see a gradual increase in Q1 2020. In addition, the median list price 90-day average of $390,968 is substantial lower than what we what we saw back in Q1 2017 2 years earlier, while the 7-Day average is showing matching pressure, with an average of $387,975. This 7-Day decrease may be a contribution from available lower price new construction spec homes. 

Celina Real Estate Median List Price Q1 2020

Celina Home Price Per Square Foot Average Q1 2020

McKinney's homes average price per square foot has seen some flucations over the past year with increases seen over the past 90 days. We are continuing to see a stepping stone increase tover the past 3 years as average and medium home pricing has increased. We will have to see if upward pressure on cost per square foot continues as the Spring and Summer markets. 90-Day averages is currently at $150 sqft, while the 7-day rolling average is showing gradual increases since Q4 2019 to $152 in Q1 2020

Celina Homes Price Per Square Foot Average Q1 2020
The Celina real estate market plateau is seen across the price and value. The Celina price per square foot and median list price have both been reasonably stagnant. Watch the Celina Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Updated: 02/26/2020

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McKinney Real Estate for Sale August 13, 2020
657
Listed
61
Avg. DOM
$166.68
Avg. $ / Sq.Ft.
$390,000
Med. List Price
657 Properties
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Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated August 13, 2020.