As of November 2024, the Frisco, Texas housing market exhibits several key trends:
Home Prices
Median Listing Price: The median listing price is approximately $699,900, with a median price per square foot of $252.
Median Sale Price: Homes are selling for a median price of $573,900.
Average Home Value: The average home value is around $675,208, reflecting a 1.8% increase over the past year.
Median Sale Price: The median sale price is reported at $720,000, marking a 15.4% increase compared to the same period last year.
Market Activity
Days on Market: Homes in Frisco typically go pending in about 37 days, indicating a relatively brisk market pace.
Sales Volume: In November 2024, there were 160 homes sold, up from 128 in November 2023, suggesting increased buyer activity.
Inventory Levels
Active Listings: The number of active properties has risen by 63.5% compared to the same period last year, indicating a growing inventory.
Months of Supply: The months of supply have increased to 4.05, up from 2.71 months last year, suggesting a shift towards a more balanced market.
Market Competitiveness
Sale-to-List Price Ratio: The sale-to-list price ratio stands at 97.4%, indicating that homes are selling slightly below their asking prices.
Multiple Offers: Some homes receive multiple offers, though the market is considered somewhat competitive.
Overall, the Frisco housing market in November 2024 shows signs of stabilization, with moderate price appreciation, increased inventory, and steady demand. These trends suggest a shift towards a more balanced market, offering opportunities for both buyers and sellers.
Please call us at 469-269-6541 for more details about Frisco real estate!
About us: Frisco New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Frisco & Dallas area, I understand the challenges that arise when buying a new construction home. There are over 50 builders in the Dallas area. I work with most of the new home builders in Dallas and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent in Frisco and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Frisco looking to buy a home in Dallas or Frisco or whether you are relocating to Frisco from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Frisco. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Frisco? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Frisco community that you can use to help make your home buying decision.
