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What is my Home Value in Little Elm? | Monthly Report

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  Year To Date
2016 2017 % of Change 2016 2017 % of Change
New Listings 282 303 7.4% 756 848 10.8%
Closed Sales (Reported) 210 205 -2.4% 507 496 -2.2%
Closed Sales (Projected) 210 230 9.5% 521 507 -2.7%
Listings Under Contract 227 221 -2.6% 622 618 -0.6%
Average Sales Price $285,504 $316,435 10.8% $275,419 $307,545 11.7%
Median Sales Price $263,125 $276,122 4.9% $253,000 $268,000 5.9%
Percent of Original List Price Received 98.1% 97.6% -0.5% 98% 97% -1.0%
Days on Market Until Sale 43 48 11.6% 43 48 11.6%
Inventory of Homes for Sale 380 463 21.8% - - -
Months Supply of Inventory 2 2.3 15.0% - - -

March 2017 Real Estate Market Summary for Little Elm, TX (MLS Area 31)

Little Elm Residential Housing Sales For March 2017 Are Lower 2.4%

In Little Elm in March 2017 recorded homes sold slumped 2.4% from last year, with 205 recorded homes sold total this month. The number of real estate sales recorded year to date was lower 2.2% relative to March last year, with 496 real estate sales recorded this year. Projected housing units sold in March 2017 improved 9.7%, with 230 projected housing units sold this month. In Little Elm year to date the number of projected houses sold improved 2.8%, with 521 projected houses sold total this year. This month newly listed homes experienced a hike of 7.4%, with 303 newly listed total. Year to date the number of new homes in the market reached 848 total, a growth of 12.2%. This month there were 221 listings under contract in Little Elm, which was a down-slide of 2.6% compared to last year. Contract listings year to date in Little Elm showed a dip of 0.6% from last year, with 618 listed under a contract total this year. In March 2017 there were 2.3 approximate months supply of property inventory in Little Elm, and this was a rise of 12.4%. In March 2017 the number of residential properties for sale in Little Elm reached 463 total, a growth of 21.8%. The number of days on market until sale in Little Elm this month was higher 10.1% from March 2016, with 48 days on market until sale total this month. In Little Elm in March 2017 percent of list price received experienced a down-slide of 0.5%, with 97.6 percent total. The number of percent of asking price received year to date was less 0.4%, with 97.2 percent of asking price received total this year.

Little Elm Listings Versus Sales