Plano Market Update - October 2021
Plano > Market Intelligence > Plano Market Update - October 2021MARKET HIGHLIGHTS:
Homes Sold: 272 transactions
Median Sold Price: $440,000
Price Change YTD: +17%
Sold to List Ratio: 101.20%
Average Days on Market: 8 days
Inventory: 130 homes
Plano’s October market showed 272 sales—consistent with 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 this year’s dramatic run-up. Year-over-year appreciation remains strong at 17%, and the 101% sold-to-list ratio shows homes selling essentially at asking price with reduced overbidding. Days on market at 8 indicates homes still move within roughly a week.
With just 130 homes available (half a month of supply), the inventory crisis persists as the defining story. All price points remain relatively balanced except the high-end, where modest wiggle room remains. East Plano leads bidding intensity but the mid-level segment faces maximum upward pressure, while West Plano’s $590,000 median indicates yet another luxury mix in that smaller market.
For Plano home buyers heading into fall, signs that competition is cooling are emerging: reduced overbidding and market repricing. Preparation remains vital; while buyer fatigue is growing after months of fierce competition, it remains firmly a seller’s market.
For Plano home sellers, conditions are still favorable across price points, but strategic positioning and appealing presentation capture the highest premiums, even with buyer fatigue creeping in.
The Fall market is showing early cooling signs but inventory remains tight. Ready to position yourself strategically? Let's talk →
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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