Plano Market Update - April 2022
Plano > Market Intelligence > Plano Market Update - April 2022MARKET HIGHLIGHTS:
Homes Sold: 255 transactions
Median Sold Price: $559,225
Sold to List Ratio: 110.90%
Average Days on Market: 5 days
Inventory: 131 homes
Plano's April market delivered another shocking record as the median price exploded to $559,225—up $100,000 from just six months prior. Volume was similar to April 2021 at 255 sales, suggesting the market was back on track despite inventory constraints. The extraordinary 111% sold-to-list ratio meant half of all homes are selling for 11% or more above asking. 250 homes currently pending suggesting similar May volume ahead.
The dramatic price jump in just two months reflects massive buyer demand combined with scarce inventory availability. With interest rates rising, buyers are experiencing amplified urgency and bidding up prices to lock in today’s great interest rates.
All three Plano regions showed similar intensity: West at $730K with 110% sold-to-list, Central at $525K with 111%, and East Plano jumping to $500K—a significant increase from earlier months. With only 131 homes available, that represents just 0.6 months of supply - the inventory shortage continues unabated.
For Plano home buyers, the message is urgent—prices are accelerating (by tens of thousands each month) while rates are rising, making homes increasingly unaffordable. Those who hesitated earlier this year are already watching their opportunity for equity slip away.
For Plano home sellers, the opportunity remains extraordinary with top-tier homes capturing 17-22% premiums—but rising inventory (131 vs. 59 in January) suggests waiting could mean more competition in the future, making now the best time to list.
Prices jumped $100K in 6 months. Don't get priced out - let's discuss how to position yourself in this rapidly appreciating market →
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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