McKinney Real Estate Market Trends & Statistics
For Q1 2020 the median list price for Mckinney, TX is $412,477 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 561.
McKinney 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
McKinney market action index trend has seen minor flucuations over the the past year, but has remained mostly flat and only slightly higher from a year ago. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
McKinney TX Real Estate Market Profile
Each McKinney TX home segment below represents approximately 25% of the market ordered by price.
|Median List Price||
|Per Square Foot||
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|Slight Seller's Advantage|
McKinney TX Real Estate Market Segments
Each segment below represents approximately 25% of the market ordered by price.
McKinney Homes Average Days on Market
The McKinney real estate market currently has and 90-Day rolling average of 110 days on market with a 7 day moving average that is showing a decline and is currently at 109 days on market with continued signs of decline while currently on par with the 90-Day average. Based on previous DOM trends I believe that the 90 day average will continue to push upwards in coming months as available McKinney home inventory continues to decline and the real estate market demand heats up in early Spring into Summer 2020.
McKinney Real Estate Inventory Averages Q1 2020
McKinney home inventory continues to have downward pressure with 608 homes for sale over an average of the past 90 days. This is a decline of 25% 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.
McKinney Median List Price Trends Q1 2020
While we have seen flucations in the median list price of homes for sale in McKinney TX, we are starting to see a gradual increase in Q1 2020. In addition, the median list price 90-day average of $436,676 has exceeded what we saw back in Q1 2017, while the 7-Day average is showing dramatic upward pressure, with an average of $465,000. This 7-Day increase may be a contribution from more expensive homes being listed for sale in McKinney TX.
McKinney's 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
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NTREIS data last updated August 12, 2020.