Plano Market Update - March 2021

MARKET HIGHLIGHTS:

• Median Sold Price: $395,000 (+7% YoY)

• Homes Sold: 198 (matching Feb 2020)

• Sold to List Ratio: 101.4%

  • Homes Sold at or Above Asking: 65%

  • Top 10%: 108%+

• Median Days on Market: 7 days

• Current Inventory: 81 homes (0.4 months supply)

• Pending: 304 homes

Plano’s February market delivered 198 sales—matching February 2020—while the median price of $395,000 already showed 7% year-over-year appreciation just two months into 2021. The 101.4% sold-to-list ratio demonstrated buyers paying above asking, with 65% of homes selling at or above list price. The top 10% of homes commanded 108% of asking, meaning the most desirable properties attracted bidding wars 8%+ above their asking prices. Seven-day median absorption showed half of all homes vanishing within a week.

With only 81 homes available (0.4 months supply - essentially only 10-11 days if there are no new listings), the inventory shortage has created a “super seller’s market” across all price points from entry-level through luxury. The 304 homes currently under contract/pending signaled similar March volume ahead, maintaining the strong momentum.

For Plano home buyers in early 2021, aggressive preparation was essential—complete financing readiness, understanding of cash position for overbidding, and mental preparation for moving quickly within days of new listings to compete against other buyers willing to pay premiums.

For Plano home sellers, while the market enabled even unprepared listings to sell, strategic positioning captured extraordinary value: the top tier earning 8% premiums through excellent presentation, smart pricing, and professional marketing, translating to tens of thousands in additional profits.

Early 2021 showing signs of a “super seller’s market”. Ready to position yourself for success? Let’s create your strategy →