Plano Housing Market Update – March 2025
The Plano, Texas, real estate market is experiencing notable shifts as we enter March 2025. While home values have shown modest growth, inventory levels and market dynamics suggest some areas of cooling. Buyers and sellers should take note of the latest trends to make informed decisions.
Current Market Overview
Median Sale Price: $525,000 (down month-over-month)
Median Days on Market: 35 days (down 44.44% month-over-month)
Active Listings: 580 (down 4.8% month-over-month)
New Listings: 290 (down 5.8% month-over-month)
Property Values and Sales Trends
Median Estimated Home Value: $533,750 (up 0.1% month-over-month, up 0.9% year-over-year)
Median Listing Home Price: $564,950 (up 4.5% month-over-month)
Median Price per Square Foot: $230 (down 2.1% month-over-month)
Market Insights
The Plano housing market remains competitive but is beginning to show signs of moderation. The median sold price declined slightly, while the number of active listings and new listings dropped. Fewer new listings entering the market may lead to tighter inventory conditions, potentially influencing pricing trends in the coming months.
Homes are selling faster, with the median days on market decreasing by 44.44% from the previous month, now at 35 days. Despite this, sellers are still pricing their homes higher, as reflected in the rising median listing price.
The months of inventory currently stand at 3.28, down 7.6% from the previous month, indicating that demand is still absorbing supply at a steady pace. While this remains a seller’s market, the slowing pace of price increases suggests buyers are becoming more selective.
Key Takeaways for Buyers and Sellers
For Sellers: Pricing homes competitively remains important as home prices stabilize. While home values are still strong, the market is showing early signs of softening.
For Buyers: With inventory decreasing and homes selling faster, opportunities for negotiation may be limited, though the decline in price per square foot could signal room for better deals.
Plano’s housing market continues to evolve, and both buyers and sellers should stay informed on trends to navigate the changing landscape effectively.
