Ken Oenbrink NTXsuburbs.com Market Reports

Plano, TX

Single-Family Homes

NTXsuburbs.com / 972-816-1660 / ken.oenbrink@gmail.com



Plano, TX

Mon Mar 18 2024
This week the median list price for Plano, TX is $594,500 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has increased to 264. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Plano, TX

Mon Mar 18 2024
This week the median list price for Plano, TX is $594,500 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has increased to 264. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $594,500
Median Price of New Listings $530,000
Per Square Foot $224
Average Days on Market 61
Median Days on Market 21
Price Decreased 34%
Price Increased 3%
Relisted 11%
Inventory 264
Median Rent
Market Action 56
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$999,000 4,318 0.25 - 0.5 acre 5 4 26 16 14 21
$652,450 3,203 8,000 - 10,000 sqft 4 3 28 15 11 21
$525,000 2,395 8,000 - 10,000 sqft 4 2.5 42 19 13 17
$392,500 1,725 8,000 - 10,000 sqft 3 2 46 27 18 14