Plano Market Update - November 2021

MARKET HIGHLIGHTS:

• Median Sold Price: $440,000

  • West Plano: $590,000

  • Central Plano: $425,000

  • East Plano: $396,500

• Homes Sold: 260

• Sold to List Ratio: 101%

• Median Days on Market: 8 days

• Current Inventory: 130 homes (0.5 months supply)

• YoY Price Change: +17%

Plano’s October market showed 260 sales—matching the prior month—while the median price pulled back slightly to $440,000 after hovering in a consistent range for several months, suggesting stabilization after early 2021’s dramatic run-up. Year-over-year appreciation remained strong at 17%, and the 101% sold-to-list ratio showed homes selling essentially at asking price with reduced overbidding. Days on market at 8 indicated homes still moved within roughly a week.

With just 130 homes available (half a month of supply), the inventory crisis persisted as the defining story of 2021. All price points remained relatively balanced except the high-end, where modest wiggle room remained. East Plano led bidding intensity but the mid-level segment faced maximum upward pressure, while West Plano’s $590,000 median indicated yet another luxury mix in that smaller market.

For Plano home buyers heading into fall, signs that competition was cooling were emerging—reduced overbidding and market repricing. Preparation remained vital; while buyer fatigue built after months of competition, it remained firmly a seller’s market.

For Plano home sellers, conditions were still favorable across price points, but strategic positioning and appealing presentation captured the highest premiums, even with buyer fatigue creeping in.

Fall market showing early cooling signs but inventory remains tight. Ready to position yourself strategically? Let's talk →