Prosper Texas : Real Estate Market Update

Prosper Texas : Real Estate Market Update

Prosper Texas Real Estate Market Watch

Each week the web administrators of Collin County Market Watch will bring you an updated look at the real estate market in a different Collin County or North Dallas suburb. This week we focus on Prosper Texas.

True to its name the City of Prosper, Texas has really prospered and grown over the last few years. What was once thought of as a outskirt of Frisco, Prosper Texas has now become a popular destination for young and old alike. Prosper Texas has a population of roughly 13,000 and is growing monthly. While you can certainly find desired well developed subdivisions in Proper Texas, it is also possible to find large pieces of land and ranch houses. This is one of the elements that makes the Prosper Texas real estate market so different than many surrounding areas. The median home price in Prosper Texas is $401,000 (source : Wikipedia) ; quite a bit higher than  many surrounding areas. The real estate market in Prosper Texas is moving but has been a little slower to recover than some areas. This is due in large part to the fact that Prosper features many houses in higher price points. The homes below $400k in Prosper Texas are seeing a good rate of sales while those over $400k are continuing to see their days on market stay high. This means there are still some great opportunities for buyer's to get their dream home in Prosper at a lower price than they can expect to pay in as little as a year.

To Search for Homes in Prosper Texas CLICK HERE

To Speak with a member of The Collin County Market Watch Team call 972-679-2755 or CLICK HERE

Price	# Of Active Listings	# Of Sold Listings (Last 30 Days)	Months of Inventory	Market
$0-99k	2	0	12	Buyer
$100-149k	3	0	9	Buyer
$150-199k	11	0	1	Buyer
$200-249k	14	6	2.3	Seller
$250-299k	12	2	6	Buyer
$300-349k	15	4	3.75	Even
$350-399k	10	6	1.6	Seller
$400-449k	9	3	3	Seller
$450-499k	18	2	9	Buyer
$500-699k	19	1	19	Buyer
$700-999k	10	0	20	Buyer
$1 mil.+	9	0	24+	Buyer

To Search for Homes in Prosper Texas CLICK HERE

To Speak with a member of The Collin County Market Watch Team call 972-679-2755 or CLICK HERE