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
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 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||
|Per Square Foot||
|Days on Market||
|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 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 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 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.
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NTREIS data last updated July 2, 2020.