Welcome to this month’s Frisco, Texas real estate market report. This helpful report will get you up to date with the latest real estate statistics for Frisco, Texas, and if you are thinking of buying or selling a home, give Rene a call and let her go to work for you to buy or sell a home today!
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A Look at Frisco Housing Stats
At the end of October 2020, the median sale price for homes in Frisco, Texas was $441,000, up from $416,250 the previous October.
There were 360 properties sold during October, a year to year increase from 244. Total sales volume for the month was $182,142,197, an increase from the total sales volume of $122,859,128 during October 2019.
Overall, homes averaged 42 days on the market in Frisco before being sold, a decrease from 62 days at this time one year ago. Homes selling the quickest during October 2020 were priced in the $201-300,000 range, staying on the market an average of 34 days before being sold.
On average sellers were getting 95% of their asking price for their home. There was quite a bit of competition in Frisco for homes priced in the $301-500,000 price range, as sellers were getting 99.4% of their asking price.
Sellers in the $201-300,000 market received 99.3% of the asking price, sellers in the $501-750,000 bracket received 98.0% of the listing price. All increases from the previous year.
Demand for homes in the $301-500,000 price range dominated closings during October with 54.4% of all homes sold, a slight increase from 50.8% of all sales during this month one year ago.
Homes in the $501-750,000 price range made up for 26.9% of residential home sales, also a year to year increase from 23.4%.
Sellers in the $751,000 and higher made up for 10.3%, a decrease of 1.6% from one year ago, and homes priced $300,000 or less accounted for 8.4% of all home sales in Frisco, Texas during October 2020.
What Does This Data Mean For Buyers
Buyers looking for a home in Frisco, Texas may expect slightly higher prices for homes, and in some pricing markets, fewer homes available. Buyers should have financing in place and be ready to act when a property is found.
If you are interested in buying a home in Frisco, give Rene a call today. Rene has the experience and knowledge to help you have a smooth home buying experience.
What Does This Data Mean For Sellers
There is a lot of demand for homes priced at $300,000 or higher, with sellers getting 98-99% of their asking price. As low-interest rates continue and buyer preferences shift sellers should take the opportunity and get their home listed today.
If you are thinking of selling, give us a call today and we can answer all your questions. Our intimate knowledge of the market and experience selling homes is why clients keep coming back. Give Rene Burchell a call today at (469) 877-3303!
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$441,000 or less.
