Plano Market Update - August 2021
Plano > Market Intelligence > Plano Market Update - August 2021MARKET HIGHLIGHTS:
Homes Sold: 327 transactions
Median Sold Price: $450,000
Sold to List Ratio: 101.80%
Average Days on Market: 6 days
Inventory: 192 homes
Plano's August market delivered 327 sales—fewer than July as seasonally expected but more than August 2020 or 2019—while the median price held at $450,000, matching July and confirming stabilization after spring's run-up. The 102% sold-to-list ratio shows that buyers are still bidding 2%+ above asking, and the 6-day median absorption means that half of all homes disappeared within a week. Early cooling signals are emerging, though the market remains firmly in strong seller territory.
Inventory climbed slightly to 192 homes (0.6 months supply)—tighter than DFW's 0.9 months—with entry-level price points maximally constrained. The diversity across Plano's regions showed: West Plano averaged $600K with slightly longer timelines and closer-to-list pricing, Central held the majority of volume at $430K, and East Plano's $350K entry point saw the highest bidding intensity as buyers competed for affordability.
For Plano home buyers, summer's slower pace offers marginally less competition than spring's frenzy, but preparation remained essential—top homes still vanish in days with multiple offers, requiring ready financing and the mindset to move fast.
For Plano home sellers as fall approaches, competition is softening as more inventory hits the market, making preparation and strategic positioning critical: the top 25% of homes capture 7-12% premiums ($30K-$60K on median-priced homes) through excellent presentation and smart marketing.
Late summer is showing early cooling but competition remains fierce. Ready to make your move before fall? Let's strategize →
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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