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Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’m here to give you a market update for Prosper, Texas as of June 2024.

Currently, there is a 5.8 months supply of inventory in Prosper. This means that it would take approximately 5.8 months to sell all the homes on the market if no new listings were added. Over the last 12 months, the Months Supply of Inventory has increased by a significant 75.76%. A great deal of this inventory is builders new homes.

The List to Sold Price percentage in Prosper is currently at 97.8%, indicating that sellers are getting close to their asking price. The median days on market is 47, showing that homes are selling relatively quickly in this area.

The median sold price in Prosper is $890,000, making it a desirable market for buyers and sellers alike. With these statistics in mind, now is a great time to consider buying or selling a home in Prosper.

Thank you dropping in on this market update. If you have any questions or are interested in buying or selling a home in Prosper, Texas, please don’t hesitate to reach out to me. I’m here to help you every step of the way. Stay tuned for more updates and tips on real estate in our area. Thank you and have a wonderful day.