Welcome to this month’s Frisco, Texas real estate market report. Are you considering buying or selling a home soon? Here is your opportunity to become a better, more informed, buyer or seller with the latest real estate market data for Frisco, Texas.

Are you planning to buy a home in the coming months? If you are, you can search for homes on our site by price, location, square footage, or even neighborhood. Be sure to save your searches and sign up to be notified as soon as new matching properties become available.

If you are thinking of selling your home, you can utilize our free home valuation tool. It is quick and simple to use. Once you complete the form we will let you know what your house may sell for and discuss with you the best strategy to sell your home quickly.

Give Rene a call and will answer any questions you have.

A Look at Frisco Housing Stats

The median sale price for homes in Frisco, Texas ended January 2020 at $386,000, down from $389,000 one year ago.

There were a total of 184 sales last month, compared to 139 during January 2019, and total sales volume was $83,040,560, which was an increase from $59,550,803 twelve months ago.

Frisco Market Share By Price

Homes in the $301-500,000 price range dominated sales in January 2020, capturing 53.3% of the market, a decrease from 57.8% one year ago.

The $501-750,000 price range totaled 22.8% of all sales, an increase from 14.8% percent in January 2019.

The $201-300,000 market made up for 16.8% of all sales during January 2020, decreasing only slightly from 18.5% one year ago.

Frisco Days on the Market

The average number of days on the market for homes before being sold in January 2020 increased for most price points. Homes in the $501-750,000 price range stayed on the market the longest, averaging 99 days before being sold, a decrease from 143 days last year.

The next highest was the $301-500,000 bracket, homes in this price range averaged 89 days on the market before being sold, an increase from 78 one year ago.

Homes selling for $751,000 and higher averaged 59 days on the market before being sold, a slight increase from 57 twelve months ago.

Homes in the $201-300,000 range in Frisco, Texas averaged 54 days on the market before selling, an increase from 49 during January 2019.

The $151-200,000 market saw homes averaging 38 days on the market, an increase from 34 this time last year.

Homes in Frisco, Texas that were sold in the $101-150,000 price range sold quickly, averaging 20 days on the market in January 2020, a decrease from 45 days during January 2019.
Homes under $300KHomes under $400K
Homes under $500KHomes under $600K
Homes under $700KHomes under $800K
Homes under $900KHomes under $1 Million
Homes $1 Million Up

Frisco Sale Price to List Price Stats

During January 2020 sellers in Frisco, Texas were getting slightly less than full asking price for their homes. Average sale price to list price overall increased slightly when compared to January 2019.

Homes listed in the $151-200,000 price range sold for 97.9% of list price, staying the same as January 2019.

Homes in the $201-300,000 market sold for 97.9% of the list price in January 2020, increasing only slightly from 97.5% one year ago.

Sellers who had homes listed in the $301-500,000 price range were getting 97.7% of list price, an increase from 97.3% this time last year.

The $501-750,000 price range had sellers averaging 96.2% of list price, this was an increase from 94.1% a year ago.

Homes selling at $751,000 and higher during January 2020 were sold for 97.1% of list price, an increase from 96.6% during January 2019.

Open House

What Does This Data Mean For Buyers

Buyers looking for a home in Frisco, Texas can expect to see slightly lower prices going into the spring buying season. Homes are staying on the market for a longer period of time, giving buyers a little more leverage when bidding on a property.

If you are in the market for a new home, make sure to search for properties using our search tool, then, when you find a property matching your criteria, give Rene a call and we can answer any questions you may have. Sign up to be alerted when new properties become available, don’t miss out when a new home gets listed!

What Does This Data Mean For Sellers

Sellers who are considering selling their home in Frisco, Texas this year may see their home stay on the market for a little longer than average until the spring buying season starts. The highest demand for homes is in the $301-500,000 price range.

Want to know what your home might be worth? Take advantage of our free home valuation tool to get an idea. Then give Rene a call and we can show you how we will price your home competitively to net you the most money. Give us a call today to get started!

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 $386,000 or less.


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Summary
Frisco Real Estate Market Report - February 2020
Article Name
Frisco Real Estate Market Report - February 2020
Description
The median sale price for homes in Frisco, Texas ended January 2020 at $386,000, down from $389,000 one year ago.
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ReneBurchell.com
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