Plano Market Update - January 2022
Plano > Market Intelligence > Plano Market Update - January 2022MARKET HIGHLIGHTS:
Homes Sold: 160 transactions
Median Sold Price: $468,450
Sold to List Ratio: 102%
Average Days on Market: 8 days
Inventory: 48 homes
Plano's January market showed the lowest sales volume in recent memory with just 160 homes sold—not from lack of demand but from severe inventory shortage as buyers immediately snatched up any new listing. Despite low volume, the median price surged to $468,450, just shy of 2021's annual peak, demonstrating strong upward price pressure. With only 48 homes available entering February—even fewer than January's 59—the supply crisis is intensifying.
The 102% sold-to-list ratio and 7.5-day median absorption shows buyers continue bidding aggressively. Central Plano led with the highest competition at 104% sold-to-list and 6-day absorption, while West Plano's luxury segment showed slightly longer 11-12 day timelines but similar bidding intensity. The "under $250K" price point is effectively disappearing from the market as appreciation pushes inventory upward.
For Plano home buyers, a perspective shift is critical: view this as a buyer's market where purchasing now means securing appreciation over the next 2-4 years. Those who bought in 2021 are already realizing significant equity gains.
For Plano home sellers, the opportunity is extraordinary with minimal competition and leverage to secure your ideal terms—waiting for spring will likely mean more competition and potentially less favorable positioning than the current monopoly-like conditions.
Don't get left behind in 2022's competitive market. Let's discuss your buying or selling strategy today →
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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