Welcome to this month’s Frisco, Texas real estate market report, presented to you by Rene Burchell, an experienced, luxury real estate specialist. This helpful report will get you up to date with the latest real estate statistics for Frisco, Texas.

Are you planning to buy a home soon? If you are, you can start your search here by using our search tool to find homes by price, size, location and more! Be sure to save your searches and then sign up to be notified as soon as new properties that fit your needs become available.

Are you ready to sell your home but not sure what it would sell for? We can help you with our free home valuation tool! Simply enter some basic information about your property and we will provide you an estimate of its market value. Then give us a call and we can create a strategy to get your home listed, marketed, and sold as quickly as possible!

A Look at Frisco Housing Stats

At the beginning of October the median sale price for homes in Frisco, Texas was $430,000, up from $415,000 the precious October.

Total sales volume during the third quarter of 2020 was $596,084,255, up from $473,744,998 when compared to this time last year

There were 1,220 home sales during the third quarter of 2020, up from 992 when compared to the third quarter of 2019.

There were a total of 350 single-family homes sold during September in Frisco, an increase from 250 the previous September.

The majority of homes were sold in the $500-750,000 price range, 650 sold during the third quarter.

Homes priced in this range stayed on the market an average of 38 days before being sold, down from just over 60 days at this time one year ago. Sellers who listed and sold their home to this market got an average of 98.0% of their asking price.

The next pricing bracket that had the most activity was the $750-751,000 market, with 300 homes sold. Homes in this price range averaged 48 days on the market before being sold, down from over 80 days one year ago. Sellers who listed homes in this price range received 97.9% of their asking price on average.

There was 120 homes sold in the $300-500,000 price range sold during the third quarter in Frisco, down slightly from 140 during third quarter 2019.

Homes in this market averaged 38 on the market before being sold, an increase from 35 at this time last year. Sellers of homes listed in this price range received an average of 98.7% of their asking price.

There is approximately three months of inventory overall available to buyers in Frisco and sellers were getting an average of 97.3% of their asking price for their home.

What Does This Data Mean For Buyers

If you are looking to buy a home in Frisco, Texas act now before prices climb higher. Buyer preferences and high numbers of people relocating to Frisco, Texas have pushed inventory levels down in all pricing categories.

As competition picks up buyers should be ready to act when a property is found that meets their needs. Give Rene Burchell a call at (469) 877-3303 so we can make sure you don’t miss out on your perfect home today!

What Does This Data Mean For Sellers

Now is a great time to sell if you are thinking of doing so. While interest rate ls remain low for buyers, there is a lack of inventory for buyers to choose from. Sellers in most categories are getting close to the full asking price, and overbidding is still low at just 1.0%.

Making sure your home is priced correctly, marketed professionally, and presented to the most qualified of buyers are the keys to selling your home quickly. Give Rene Burchell a call at (469) 877-3303 and we can put our experience to work for you getting your property sold in Frisco, Texas!

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$430,000 or less.


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Summary
Frisco Real Estate Market Report - October 2020
Article Name
Frisco Real Estate Market Report - October 2020
Description
At the beginning of October the median sale price for homes in Frisco, Texas was $430,000, up from $415,000 the precious October.
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ReneBurchell.com
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