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Prosper Real Estate Market Trends & Statistics

For Q1 2020 the median list price for Prosper, TX is $499,900 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 316.

McKinney Real Estate Market Action Index

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

Prosper Real Estate Market Action Index

The Prosper market action index trend has seen minor flucuations over the the past 3 years, but has remained mostly flat with a high and low variation of about 10%. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Prosper Market Action Index Trends

Prosper TX Real Estate Market Profile

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

Prosper Market Profile

Median List Price
$499,900
Per Square Foot
$156
Days on Market
111
Price Decreased
35%
Price Increased
21%
Relisted
7%
Inventory
316
Median Rent
$2,413
Most Expensive $5,750,000
Least Expensive $160,000
Market Action
33
Slight Seller's Advantage

Prosper TX Real Estate Market Segments

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

Prosper Homes Average Days on Market

The Prosper real estate market currently has and 90-Day rolling average of 122 days on market with a 7 day moving average that is showing a decline and is currently at 111 days on market with continued signs of decline. Based on previous DOM trends I believe that the 90 day average will begin to decline to match the 7 day average trend in coming months as available Prosper home inventory continues to sell and the Prosper real estate market demand heats up in early Spring into Summer 2020.

Prosper Real Estate Average Days on Market

Prosper Real Estate Inventory Averages Q1 2020

McKinney home inventory peaked in July 2018 and has continues a downward trend with 341 homes for sale over an average of the past 90 days. This is amost a decline of 25% from a year ago as overall inventory continues to be sold. We believ the trend will continue through Summer.

Prosper Real Estate Inventory

Prosper Median List Price Trends Q1 2020

While we have seen declining flucations in the median list price of homes for sale in Prosper TX. . The median list price 90-day average of $493,125, while the 7-Day average is showing upward trends, with an average of $499,900. This 7-Day increase may be a contribution from more new construction homes being listed for sale in Prosper TX. 

Prosper Homes Median List Price

Prosper Home Price Per Square Foot Average Q1 2020

Prosper homes average price per square foot has seen some gradual pricing flucations over the past year with increases seen over the past 90 days. 90-Day averages is currently at $152 sqft, while the 7-day rolling average is showing increases to $157.We are continuing to see minor increases over the past 3 years. We will have to see if upward pressure on cost per square foot continues as the Spring and Summer markets. 

Prosper Homes Price Per Square Feet
Updated: 02/13/2020

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Prosper Real Estate for Sale July 2, 2020
288
Listed
62
Avg. DOM
$171.93
Avg. $ / Sq.Ft.
$549,900
Med. List Price
288 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 July 2, 2020.