Plano Market Update - April 2021
Plano > Market Intelligence > Plano Market Update - April 2021MARKET HIGHLIGHTS:
Homes Sold: 262 transactions
Median Sold Price: $448,700
Sold to List Ratio: 104.60%
Average Days on Market: 4 days
Inventory: 170 homes (<2 weeks supply)
Plano's April market delivered 262 sales—double April 2020's pandemic-affected volume—while the median price surged to $448,700, breaking records month after month. The extraordinary 105% sold-to-list ratio meant half of all homes sold for 5%+ above asking (up from prior months), and the 4-day median absorption showed homes vanishing immediately. Entry-level and move-up price ranges remained especially tight with buyers facing almost zero negotiability.
With only ~170 homes available (less than two weeks of supply vs. 4-5x that historically), the inventory crisis is driving these scorching market dynamics. The top homes commanded 8-10% premiums as bidding wars dominated, particularly at entry-level price points. Spring 2021 represents potentially the best seller's market seen, with minimal competition and maximum demand creating extraordinary opportunities.
For Plano home buyers, success requires complete preparation: financing lined up, cash position clear, flexibility on location and features, decisiveness to act within days, and shopping under budget to afford overbidding—with 7,000 monthly DFW buyers competing, hesitation means losing out on homes.
For Plano home sellers, the market offers unprecedented leverage: well-presented homes with smart pricing captured 8-10% premiums ($35K-$43K on median homes), making preparation worthwhile, while the timing favored immediate listing before anticipated spring inventory increased competition.
Spring 2021's market is unprecedented. Buyers need a smart strategy, sellers can capture record premiums. Ready to make your move? Let's talk →
Note: The video market update was prepared with the most current data available at the time of filming. This post has been updated to reflect finalized historical data.
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