Plano Market Update - September 2021

MARKET HIGHLIGHTS:

• Median Sold Price: $450,000

• West Plano: $600,000 median

• Central Plano: $430,000 median

• East Plano: $350,000 median

• Homes Sold: 306 

• Sold to List Ratio: 102.4%

• Median Days on Market: 6 days

• Current Inventory: 192 homes (0.6 months supply)

Plano's August market delivered 306 sales—fewer than July as seasonally expected but more than August 2020 or 2019—while the median price held at $450,000, matching July and confirming stabilization after spring's run-up. The 102.4% sold-to-list ratio showed buyers still bidding 2%+ above asking, and the 6-day median absorption meant half of all homes disappeared within a week. Early cooling signals emerged, though the market remained firmly in strong seller territory.

Inventory climbed slightly to 192 homes (0.6 months supply)—tighter than DFW's 0.9 months—with entry-level price points maximally constrained. The diversity across Plano's regions showed: West Plano averaged $600K with slightly longer timelines and closer-to-list pricing, Central held the majority of volume at $430K, and East Plano's $350K entry point saw highest bidding intensity as buyers competed for affordability.

For Plano home buyers, summer's slower August pace offered marginally less competition than spring's frenzy, but preparation remained essential—top homes still vanished in days with multiple offers, requiring ready financing and flexibility.

For Plano home sellers as fall approaches, competition is softening as more inventory hit the market, making preparation and strategic positioning critical: the top 25% of homes captured 7-12% premiums ($30K-$60K on median-priced homes) through excellent presentation and smart marketing.

Late summer is showing early cooling but competition remains fierce. Ready to make your move before fall? Let's strategize →