Welcome to this month’s Frisco, Texas, real estate market report. Are you curious about how the real estate market has performed over the last month? Even in light of restrictions due to Covid-19 real estate transactions are still happening.
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A Look at Frisco Housing Stats
The median sale price for single-family homes in Frisco, Texas, ended the second quarter at $430,000, this is up from $426,500 one year ago.
During the month of June there was a total of 375 homes sold, up from 340 the previous June, and up from 240 last month. The number of homes sold has increased gradually each month since April 2020.
In Frisco, Texas, the number of days on the market before a home sold was mixed depending on the price range.
- Homes priced in the $300-499,999 market averaged 30 days or less, a decrease from 40 days one year ago.
- Homes in the $500-749,999 price range averaged 45 days before being sold, a decrease from 52 days this time last year.
- Homes that were priced at $751,000 averaged 61 days on the market before being sold, down from 75 the previous June.
- Homes in Frisco that were priced between $200-299,000 and $751,000 or higher averaged 38 & 82 days on the market before being sold.
Overall homes were being bought at 1.2% above list price for the second quarter this year, an increase from 1.1% during the second quarter of 2019.
Housing inventory in Frisco, Texas has decreased year to year, benefitting sellers and creating a competitive market for buyers. There is less than three months of inventory available in all price ranges, except the $500-749,999 market which has only four months of inventory available.
What Does This Data Mean For Buyers
If you are thinking of buying a home, give us a call today and we can create a buying strategy that will assist you in purchasing your home.
What Does This Data Mean For Sellers
If you are thinking of selling your home in Frisco, Texas, give us a call today; we can show you how we safely market and show your home to the most qualified buyers.
Frisco Homes for Sale
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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$430,000 or less.
