In 2025, Plano, Texas, continues to exhibit a dynamic real estate market characterized by modest growth and evolving trends. Here's an overview of the key developments:
Home Value Trends
As of December 31, 2024, the average home value in Plano reached $511,087, reflecting a 0.6% increase over the past year. Homes typically go pending in around 32 days, indicating a relatively brisk market.
Market Activity
The median sale price in November 2024 was $522,000, while the median list price stood at $543,397 as of December 31, 2024. Approximately 14.6% of sales were above the list price, suggesting competitive bidding in certain segments.
Neighborhood Insights
Plano comprises various neighborhoods with diverse price points. For instance, Willow Bend has a median listing home price of $1.8 million, making it the most expensive neighborhood, while Plano Park is more affordable, with a median listing home price of $335,000.
Market Outlook
Looking ahead, the broader Texas housing market is expected to experience modest price increases statewide in 2025. This trend suggests a stable environment for both buyers and sellers in Plano.
Conclusion
Plano's real estate market in 2025 is characterized by steady growth, a balanced supply and demand dynamic, and diverse neighborhood offerings. These factors contribute to its continued appeal for prospective homeowners and investors alike.
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If you’re ready to embark on your home sale journey with confidence after reading our home sale tips, we are here to assist you every step of the way. Selling your home is a significant decision, and we are committed to making the process as smooth and successful as possible.Â
Based on our years of experience in the Plano real estate market, we know the Plano real estate market and can give you expert advice for your individual situation. We will sit down with you for a free one-on-one consultation, and deliver a comprehensive data profile of your local area & property.
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