April 16

Plano Housing Market April 2023

The Plano Housing Market Report for April 2023 reveals the median sales has agin increased from previous month.  For the past seven day snapshot, as of April 14, 2023, shows a fair balance of new and closed listings.  One thing that was quite significant is the decrease of median DOM (Days on Market) of 11.  This indicates properties moving much faster.  Please note that the parameters set up for this data were for single family homes and resale.  New home construction was not included.  For current complete market details, visit our Plano Texas Housing Market page which has up to date interactive charts on the Plano housing market.  Data is gathered from the NTREIS, North Texas Real Estate Information Systems, same database licensed agents use for their analysis.  The below information was taken from the MLS for this time period for your reference.    

Plano Texas Real Estate Update

7 day Snapshot as of April 14, 2023 from the MLS

  • 40 - New Listings
  • 09 - Back on Market
  • 19 - Price Decrease
  • 06 - Price Increase
  • 01 - Active KO
  • 36 - Active Option Contract
  • 09 - Active Contingent
  • 46 - Pending
  • 39 - Closed Sales
  • 04 - Expired
  • 06 - Cancelled
  • 00 - Withdrawn
  • 07 - Hold
  • 07- Coming Soon

The information above is for information purposes only.  Market data constantly changes on a daily basis.  Contact us for current information, questions, comments or concerns.  

Plano Housing Market Trends

The charts below are provided to give a visual of trends.  The Plano housing market for Median Sales Price coniues its uptrend.  Plano does however have its dips as well.  The below is data as of April 16, 2023 and is static data for the close of March 2023 statistics.  The video above was taken on April 14, 2023.   For the most current trend charts Click Here, that page has interactive data, meaning it is constantly being updated. 

Median Sales Price For Plano

The median sales price is probably the single largest factor contributing to the Plano Housing market.  With another rise in median sales price, the Plano Housing market continues trending up.  

  • $525,000
  • -0.6% yoy
  • High $580k May 2022
  • Rising since Nov 2022

Median Price Per Sq Ft

The price per sq ft comes from dividing the closed sales price by the square footage of the home.  Contines upward trend.

  • $216
  • - 1.8% yoy
  • High of $235 May 2022
  • Remains above $200 

Median Days on Market

The median days on market is an indicator on the speed of the market.  The lower the days, the faster the market moves.  Half the houses sold above and the other half sold below the 11 days on market.  

  • 11 DOM
  • + 120% yoy
  • High of 33 in Dec '22
  • Market Gaining Speed

Months Supply

The Plano supply is low at the moment, below 1 month.  There is a balance of new inventory vs closed.

  • 0.9 - less than a month
  • + 50% yoy
  • Recent high of 1.9 months
  • Remains Low

Plano Homes For Sale

This is the active homes for sale in the Plano Housing Market.  This metric is typically very cyclic, meaning it normally falls in the winter/holidays and rises in spring summer.  

  • 179 Plano Homes for Sale
  • + 20.9% yoy
  • High of 432 July 2022
  • Typically Rises in Spring

New Plano Listings

The new listings metric is also very cyclic.  Currently the new listings appear to be less than recent history for this month.  Should rise by next month.  

  • 229 New Plano Listings
  • - 20.8% yoy
  • High of 409 in June '22
  • Much needed new inventory

Closed Sales in Plano

Plano closed 159 real estate transactions for the month of February 2023.  Closings seem to be back on the rise.  

  • 169 Closed Sales
  • - 01.7% yoy
  • High of 260 in June '22
  • Rising since Nov 2022

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