Welcome to this month’s Frisco, Texas real estate market report presented by Rene Burchell Realty Group. The spring buying season has seen prices for single-family homes climb and demand continue as buyers relocate from more restrictive states. How much have prices for single-family homes risen in the last year? Read this helpful report to get up to date.
Are you searching for a single-family home for sale in Frisco, Texas? Begin here by finding properties by price, size, location, and more. Be sure to save your favorite homes to tour, then sign up to be notified as soon as new properties hit the market! Don’t miss out! Then give us a call and we can answer all your questions about buying a home in Frisco!
Do you need to downsize or relocate and are ready to sell your home but not sure for what price? Start here by using our free home valuation tool to get an idea of your home’s worth. Simply enter some basic information about your property a d we will provide a market summary of its potential selling price. In our market of climbing prices, it is crucial to price your home accurately. Give us a call at (469) 877-3303 and we’ll get you started!
A Look at Frisco Housing Stats
The median sale price for single-family homes in Frisco, Texas, ended April 2021 at $545,000, up from $418,507 at the end of the previous April.
Sales volume has exploded during the month of April, primarily from the pressure of buyers from out-of-state, less restrictive states. There were 281 single-family homes sold last month, a year-to-year increase from 209.
The total volume of single-family homes sold in Frisco, Texas, is up year to year, climbing from $98,771.976 at the end of April 2020 to $187,486,679 at the end of April 2021.
Homes priced in the $301-500,000 price range made up for 39.5% of all sales during April 2021, a decline from 55% the previous April. Properties in this same price range were on the market for an average of 10 days, down year to year from 48 days, and sellers were receiving 105.9% of their asking price, a steep increase from just 98.3% one year ago.
Homes sold in the $501-750,000 bracket made up for 34.5% of all sales during April, up from 23.4% twelve months ago. Homes in this price category were on the market for an average of 13 days before being sold, shrinking year to year from 78 days. Over the last twelve months, sellers’ list-to-sale price ratio has increased almost ten percent, up from 97.2% to 107.1% at the end of April 2021.
The $751,000 and higher single-family home market in Frisco, accounted for 23.8% of single-family home sales during April, up from just 6.7% off all single-family home sales the previous April.
Homes sold in this price range were on the market for an average of 32 before being sold, down from the previous April’s 104 days on the market before being sold.
Sellers of properties listed at $751,000 or more received 1021.1% of list price, up from 95.4% one year ago.
What Does This Data Mean For Buyers
Buyers looking for single-family homes in Frisco, Texas, can expect a competitive market with fewer options. Buyers may have to increase their budget or eliminate some feature preferences.
In this dynamic market, buyers should be aware that time is not on your side. As prices continue to climb, buyers should have financing in place and be ready to act when a property is found.
Let us help you find the perfect home in Frisco! We have the experience and knowledge to help you navigate a complex marketplace and find you the perfect home. Don’t hesitate, give us a call at (469) 877-3303!
What Does This Data Mean For Sellers
The Frisco, Texas real estate market for single-family homes currently favors sellers. If you have been on the fence about selling or generate a healthy return on your investment, now is the time to get your property listed and on the market.
As interest remains low and Texas remains attractive to people relocating from out of state, sellers can expect continued demand for homes.
If you are ready to sell, give us a call today so we can get you started. We show you how we price your home correctly, market your homes to qualified buyers, and make sure you have a successful and smooth closing. Give us a call at (469) 877-3303 to get started!
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
Frisco Homes for Sale
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$545,000 or less.