Plano Market Update - January 2022

MARKET HIGHLIGHTS:

• Median Sold Price: $455,000

• Homes Sold: 206

• Sold to List Ratio: 103%

• Homes at/Above Asking: 70%

• Median Days on Market: 7 days

• Current Inventory: 59 homes (10 days of supply)

• 2021 Annual Stats: 

• 3,037 homes sold, 

• +19.3% YoY price growth 

Plano closed 2021 with 206 December sales at a $455,000 median, capping a year of dramatic price acceleration—up 19.3% compared to 2020. Total annual volume reached 3,037 homes sold, up 7% year-over-year due to persistent inventory constraints. We’re entering 2022 with just 59 homes available in Plano, representing merely 10 days of supply, setting the stage for continued competitive conditions as buyer demand shows no signs of slowing.

The sold-to-list ratio of 103% and 7-days on market demonstrated buyers' willingness to bid aggressively, with 70% of homes selling at or above asking. Price growth accelerated dramatically in the first half of 2021 before leveling off toward year-end, though the final quarter showed renewed upward momentum in bidding activity. Inventory remains severely constrained across all price points, with only the $750K-$1M+ segment showing modest availability.

For Plano home buyers entering 2022, preparation is essential—understanding financing and cash position before touring homes is critical to competing in a market where median days on market remain at just 7 days.

For Plano home sellers, the advice is clear: don't wait for spring—with virtually no competition and eager buyers snatching up any available inventory, listing immediately offers the best opportunity to maximize value through smart pricing and excellent presentation.

Ready to take advantage of 2022's hot market? Whether buying or selling, let's create your strategy for success →