Homes for Sale in Little Elm TX

savannah in little elmSavannah subdivision in Little Elm TX

The Town of Little Elm TX is one of the fastest growing regions not only within the state but within the entire nation. With an increase from 3,646 residents to 25,898 residents over a span of only ten years, Little Elm TX has experienced remarkable growth. Homes for sale in Little Elm TX have seen an incredible rise in value due to this rapid expansion, and development to the area has increased the comfort and convenience of the region.

In 2015 there were a total of 916 homes sold in Elm vs. 867 in 2016. Even though the number of homes sold declined, there was an increase in the average sales price from $247,130 in 2015 to $273,140 in 2016, a 10.5% increase. The average days on market also increased as did the monthly inventory supply which went from 1.2 months in 2015 to 1.4 months in 2016, a 16.7% increase. Houses for sale in Little Elm TX average a spacious 2,512 square feet and home sizes have been increasing in recent months.  The average price per square foot is $84 and has increased by 12 percent when compared to last year.

Water view at Savannah little elmWater view at the Savannah subdivision in Little Elm TX

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There is a lot of new construction in the Elm real estate market but prices are generally over $320,000 for a new home. Resale homes are selling in the $250,000 to $270,000 range. New construction single family home sellers are receiving approximately 97.5% of their listed price on average. Resale single family homes, are getting anywhere from 98.4% to 100% of their sales price.

The median income in Little Elm TX is $50,281, with many job opportunities available in the city due to its rapid growth. Those interested in Little Elm TX homes for sale, who need to commute to work will be happy to know that transportation to major metropolitan areas is available and that there are many traffic projects in the works to ease the travel of commuters.

Little Elm’s educational system has also been the recipient of many developments, such as a new state-of-the-art athletic facility. 5-star rated elementary schools are available to serve families, and there is a wide selection of public and private schools in the district to serve those interested in homes for sale in Little Elm TX.

savannah subdivision little elmLovely Savannah subdivision in Little Elm TX

If you are in the market for houses for sale in Little Elm, contact The DeBerry Team. We would love the opportunity to help you find the ideal home to meet your needs. Please contact us at 214-215-5106.

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Listing information last updated on October 19th, 2017 at 4:32pm CDT.