Welcome to this month’s Frisco, Texas, real estate market report. Find out how the single-family housing market has performed over the summer buying season with this helpful report.
Are you planning to buy a home soon? You can begin your search here to find the perfect home. Use our search tool to find properties by size, price, or location. Be sure to save your searches and sign up to be notified as soon as new matching properties become available.
Are you thinking of selling your home in Frisco and are wondering how much it might be worth? Find out by using our free home valuation tool. It is simple to use, just answer a few questions about your home and we will provide you an estimate of your home’s market value.
A Look at Frisco Housing Stats
At the beginning of September 2020, the median sale price for single family homes in Frisco, Texas was $425,000, an increase from $415,000 the previous September.
Homes priced in the $301-500,000 dominated 51% of sales in the Frisco housing market, in line with 50.8% share one year ago. single-family homes priced between $501-750,000 made up for 25% of the sales, the $751,000 and higher market captured 12% of all sales, and the $201-300,000 made up for just 11% of sales in Frisco, Texas.
There were a total of 386 homes sold in Frisco last month, up slightly from 358 one year ago. Total sales volume was $197,992,291, up from $173,018,987 at this time one year ago.
The overall average sale to list price ratio began September at 98.2%, up from 97.1% twelve months ago. Sellers of homes priced between $391-500,000 received an average of 99% of their list price, an increase from 98% last year.
Homes listed in the $201-300,000 price range received 98.9% of their list price, a year to year increase from 98%. Homes in Frisco priced in the upper price ranges of $501-700,000 and $751,000 and up markets saw the list to sale price ratio increase from, 96.9% to 98.5%, and 95.6% to 97.8% respectively.
Homes in Frisco started September 2020 staying on the market for an average of 39 days before being sold, a decrease from 65 one year ago. Homes priced in the $151-200,000 averaged 14 days on the market before being sold.
Single-family homes priced between $391-509,000 averaged 37 days on the market, a decrease from 71 one year ago. Listings priced between $501,-750,000 averaged 47 days on the market, down from 84, and homes priced at $751,000 and up days on market average fell from 68 to 57.
What Does This Data Mean For Buyers
Buyers looking for a single-family home in Frisco can expect to see higher prices and competition for fewer homes available. Buyers should have financing in place and be ready to act one a home is found.
Buyers should have an experienced realtor working for them that understands the local market and can work for you to make sure you don’t lose out when the perfect home is found. Give Rene Burchell a call today at (469) 877-3303.
What Does This Data Mean For Sellers
If you are considering selling your home in Frisco now is the time to get your home on the market. As interest rates stay low and buyer trends continue, sellers can expect to generate a good return when their home sells. Demand has increased and sellers are getting very close to their asking for their home.
It is important to have an experienced real estate agent that is knowledgeable about the local and is in sync with local trends and buyer demands. Give Rene Burchell a call today at (469) 877-3303 so we can make sure your home is priced competitively and marketed to the most qualified buyers, so your home sells quickly!
Frisco Homes for Sale
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
See Additional Reports on the Frisco Real Estate Market
Here are the most recent home listings just added to the database in the average price range for Frisco. All homes here are priced at$425,000 or less.
