May 12

Plano Housing Market May 2023

The Plano Housing Market Report for May 2023 reveals the median sales has remained th same as previous month.  For the past seven day snapshot, as of May 11, 2023, shows a few more new listings than sold/closed listings. Another surprise this month reveals the median DOM (Days On Market) fell back to 8 days.  Single digits indicate a very fast moving market.  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

  • 48 - New Listings
  • 15 - Back on Market
  • 25 - Price Decrease
  • 07 - Price Increase
  • 01 - Active KO
  • 53 - Active Option Contract
  • 12 - Active Contingent
  • 50 - Pending
  • 35 - Closed Sales
  • 01 - Expired
  • 05 - Cancelled
  • 00 - Withdrawn
  • 02 - Hold
  • 13 - 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 May 2023 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 May 12, 2023 and is static data for the close of April 2023 statistics.  The video above was taken on May 11, 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
  • -5.6% yoy
  • High $580k May 2022
  • Remains Steady

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.

  • $223
  • - 3.5% yoy
  • High of $235 May 2022
  • Continues Climbing

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 8 days on market.  

  • 08 DOM
  • + 600% yoy
  • High of 33 in Dec '22
  • Market Gaining Speed

Months Supply

The Plano supply is low at the moment, just above 1 month.  

  • 1.1 - just over a month
  • + 37.5% yoy
  • Recent high of 2.0 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.  

  • 210 Plano Homes for Sale
  • + 14.1% 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.  

  • 236 New Plano Listings
  • - 24.1% yoy
  • High of 409 in June '22
  • Not much increase

Closed Sales in Plano

Plano closed 181 real estate transactions for the month of April 2023.  Closings seem to be back on the rise.  

  • 181 Closed Sales
  • - 28.2% yoy
  • High of 260 in June '22
  • Rising since Nov 2022

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