Welcome to this month’s Frisco, Texas real estate market report presented by Rene Burchell Realty Group. Are you ready to move to Frisco and need to know how many homes are selling for? Read this helpful report then give Rene a call!
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A Look at Frisco Housing Stats
The median sale price for single-family homes in Frisco, Texas ended in February 2021 at $495,000, up from the median of $412,000 the previous February.
The total number of homes sold during February was a lower year to year, 187 versus 213. Total sold volume, however, was higher compared to this time last year, up from $101,513,176 to $107,227,688.
Single-family homes for sale in Frisco priced in the $301-500,000 price range made up for 44% of homes sold during February. Homes priced in the $501-750,000 bracket accounted for 31% of all sales, homes priced $751,000 and higher.
Single-family homes in Frisco, Texas were on the market for an average of 43 days before being sold. Homes priced in the $201-300,000 range stayed on the market 11days in February before being sold, and homes priced in the $501-750,000 bracket were in the market for 29 days before being sold. In all other price markets, homes were on the market 30 days or longer before being sold.
In Frisco during February, sellers were receiving an average of 99% of their list price at closing. Seller’s whose homes were listed in the $301-500,000 price range received 103% of list price at closing, homes listed in the $201-300,000 bracket received 102.4% of list price at closing, and the seller’s in the $501-750,000 range received 101.4% of list price at closing.
What Does This Data Mean For Buyers
As home prices increase and inventory levels stay low, buyers looking for a home in Frisco, Texas should be prepared to act decisively.
Waiting for summer or fall, buyers will only see their purchasing power erode as prices may rise quickly.
Give Rene Burchell a call today at (469) 877-3303, don’t miss out on finding a perfect home in Frisco, Texas!
What Does This Data Mean For Sellers
Sellers of homes in all markets in Frisco can take advantage of the continuing demand and get their homes listed today. Rising prices are increasing value for all property types, especially as we head into the spring buying season.
Seller’s thinking of selling should take advantage of the continuing demand for homes as buyers’ preferences shift and interest rates remain low.
Give Rene Burchell a call today at (469) 877-3303 to show you how we market and sell your home to the most qualified of buyers!
Frisco Homes for Sale
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
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$495,000 or less.