This 2018 Northeast Denton County Real Estate Market Report has a special emphasis on NE Denton County real estate. Click here for a detailed geographical map of the region. Click here to see a coverage map of NTREIS counties in North Texas.
A report from realtor.com is broadcasting “Buyer Relief Ahead” for the nation. Concerning the Dallas-Fort Worth and North Texas real estate markets, the forecast is more of the same: the region should continue its nation-leading sales growth. The only real estate market outperforming DFW and North Texas is Las Vegas. The report estimates about a 6 percent uptick in home sales, in addition to a 5.57 percent boost in median home prices for the remainder of 2018. These figures double the predictions for national growth.
Note: As is the case with all such reports, the statistics and figures presented may not be 100% accurate. However, they are highly reliable. The data is current as of 09/19/2018.
Overview for the 2018 North Texas Real Estate Market
Median Sales Prices for 2018
For August 2018, the median sales price of a home was $260,000 for North Texas and $280,800 for the Dallas-Fort Worth area. For North Texas, $260,000 marks a 10.6% increase since the beginning of the year.
While this surge in median sales price is exceptionally healthy, it has become the norm for the North Texas real estate market. The chart below demonstrates the radical growth in median sales prices for the region over the last 6 years.
North Texas Median Housing Sales Price
(Single Family Homes)
North Texas Median Housing Sales Price (Single Family Homes)
|Primary Month||Sale Price, Median|
Source: NTREIS (Get the data)
Average Days on the Market 2018
Inventory of Homes For Sale in 2018
The number of homes for sale in the region has been fairly steady over the last few years. The inventory dropped significantly between November 2010, when there were almost 44,000 properties for sale, and December 2012, when there were less than 26,000 homes available.
In North Texas, it is common for the summer months to bring significantly higher inventory over the winter months. So far this year (2018), the number of properties on the market has hovered around 19,000.
Availability of single-family homes has dropped over the last 5 years.
2018 Month-By-Month Analysis for North Texas
The region has experienced a sustained boost in inventory over Q2 and Q3, although this statistic does not correlate strongly with the change in median sales or the number of closed sales.
While the number of closed sales has dropped over the course of the year, the median sales price has continued an upward trend, which has held throughout 2018. Most likely, the median sales price will decline during Q4 and bottom out in January 2019 before resuming a positive trajectory.
Northeast Denton County Real Estate Market Report
Introduction to Northeast Denton County
Note: As is the case with all such reports, the statistics and figures presented may not be 100% accurate. However, they are highly reliable. The information is current as of 09/19/2018.
Northeast Denton County features numerous upscale and equestrian properties. As of the 2010 census, its population was 662,614, making it the ninth-most populous county in Texas. As of the 2015 Texas Population Estimate Program, the population of the county was 778,846, making it one of the fastest growing areas in the nation.
Primary communities for NE Denton County include Little Elm, Oak Point, Cross Roads, Aubrey, Pilot Point and Denton. Adjacent counties include Cooke County (north), Grayson County (northeast), Collin County (east), Dallas County (southeast), Tarrant County (south), and Wise County (west).
YTD Statistics For Northeast Denton County Real Estate
Average Sales Price
The average sales price for Denton County is $494,107. Interestingly, the average sales price experienced a strong uptick during the winter of 2018. These statistics do have a relatively small sample size in terms of properties sold, which can be seen on the blue line of the following graph.
Number of Properties Sold & Average Days on the Market
As you can see, the number of properties sold has remained steady around 28 homes per month, which explains the somewhat erratic bouncing in the average sales price on Graph 1 (G1). Also on (G2), we can see that the average the number of days on the market has fluctuated considerably over the year. The quickest home sales took place in the summer, per usual.
Change in Closed Sales
The change in number of closed sales, represented above in percentages, also experienced a high degree of fluctuation. So far this year, Denton County has endured a downtrend in closed sales.
Closed Sales vs. Median Sales Price
(G4) compares the change in closed sales (represented in G3) with the change in the median sales price. We see that they reflect each other roughly, which simply demonstrates the law of supply and demand in action.
Change in Inventory
We also see a significant uptick in (G5) for inventory increases, which is typical for the summer months.
New Listings, Closed Sales & Pending Sales
(G6) shows the relative lack of change between inventory now (Q3 2018 at the time of writing) and Q42017. New listings have increased by 3.3% since the beginning of the year, while the number of closed sales have decreased by 0.3%. Pending sales have dropped 2.6%. It is estimated that these statistics will remain on par with each other for Q4 2018.
Additional Market Reports
2018 North Texas Real Estate Market Reports by County
2017 North Texas Real Estate Market Reports by County
2016 North Texas Real Estate Market Reports by County
Further Online Resources for Northeast Denton County Real Estate
If you found this 2018 North Texas Real Estate Market for Denton County helpful, we hope you’ll share it! We have also compiled a list of useful online resources and tools for your convenience:
- Before buying or selling equine property in North Texas, be sure to check out more information on the region, plus our helpful links and resources for issues like barn & fence construction, home staging, and pest control.
- Related articles include Ultimate Guide to Buying a Texas Horse Farm and 5 Things You Must Know When Relocating to North Texas.
- Finally, check out the Q2 Marketwatch Report from the North Texas Real Estate Informations Systems, Inc.
Get In Touch
Of course, there is no substitute for working with real estate professionals in person or over the phone. To that end, please learn more about us. If a horse farm lit by the setting Texan sun sounds like a slice of heaven to you, we’d love to use our decades of equestrian property real estate experience to help you get your piece of the pie!
Bonus: Drone Footage of North Texas Property
Figures and statistics are wonderful metrics for a current market report on Northeast Denton County real estate, but we decided to provide you with aerial footage of undeveloped land in the region.