Welcome to this month’s Frisco, Texas, real estate market report presented to you by Rene Burchell, the professional, dedicated, and experienced real estate agent.
Are you planning to buy a home soon? We can help! Use the tools on this website to search for homes in your preferred city, neighborhood, or zip code. Be sure to save your searches and sign up for alerts to be notified so you don’t miss out when new properties become available.
Be sure to check out these helpful articles for buyers:
- Open House Tips For Buyers
- What Credit Score Is Needed For Buying A House
- Guide To Buying A Home During The Holidays
We help sellers too! If you are considering selling your home, the first thing to do is get an idea of your home’s worth. Take advantage of the free home valuation tool to find out, then give Rene a call to discuss listing and selling your home in the Frisco real estate market.
And yes, we have helpful articles for anyone selling their home:
A Look at Frisco Housing Stats
The median sales price for homes in Frisco, Texas ending October 2019 was $416,250, slightly higher than the October 2018 median of $411,500.
There were 244 units sold during this period, an increase from 222 the year before. Volume during October 2019, $122,859,128 is higher than the previous October sales volume of $102,221,667.
During October 2019 in the Frisco, Texas real estate market, 50% of all sales were homes in the $301-500,000 price range, down from 55% last year. Homes in this price point averaged 56 days on the market before being sold, down from 67 during October 2018. Sellers who sold their house at price between $301-500,000, received 98.3% of their asking price, up from 97.5% last year.
Approximately 23.4% of homes sold were in the $501-750,000 price, up from 20.7% 12 months ago. In this price range, houses averaged 74 days on the market before being sold, down from 107 last October; and sellers were getting 96.7% of their asking price, up from 95.6% the previous year.
Of the 13.9% of homes that were sold between $201-300,000, sellers received 98.0% of their asking price, down slightly from 98.4% last October; and homes stayed on the market for an average of 42 days, up from 36 a year ago.
A total of 11.9% of homes sold for $751,000 and higher, up from 7% during October 2018. Sellers in this price bracket received 95.5% of their asking price, down from 96.3% the previous October. Homes priced at $751,000 and higher were on the market for 75 days before being sold, up from 71 days compared to 12 months ago.
| Homes under $300K | Homes under $400K |
| Homes under $500K | Homes under $600K |
| Homes under $700K | Homes under $800K |
| Homes under $900K | Homes under $1 Million |
| Homes $1 Million Up |
What Does This Mean for Frisco Home Buyers?
Buyers searching for a home in Frisco, Texas can expect to see more inventory and properties staying on the market for a longer period of time. Buyers can expect to pay slightly less than asking price in all price ranges.
When you see a great property give Rene Burchell a call so she can answer your questions, and show you how she represents buyers to accomplish their home buying goals.
What Does This Mean for Frisco Home Sellers?
Sellers should anticipate a slowing down of activity as we head into the winter season. The bright spot for sellers is that buyers during this time are much more serious and motivated to buy, giving sellers a slight bit of leverage.
If you are considering selling or buying a home during this holiday season, make sure you check out our great articles that will inform you about what to expect. Then give Rene a call today to find out how she can help you achieve your goals of selling, buying, or investing in properties in Frisco, Texas!
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 $416,250 or less.
