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Frisco TX Real Estate Housing Market Trends

Are you wondering about Frisco TX Real Estate Housing Market Trends? Here is the information you are seeking. The Frisco TX housing market remains one of the hottest in the country due to so many attractions, such as PGA Frisco, The Dallas Cowboys World Headquarters at The Star, The National Soccer Hall of Fame, The Fields in Frisco and so many more attractions. The average home sales price in Frisco TX was $718,198, with the avaerage Days on the Market being 50 due to interest rates currently hovering between the high 500s to the low 700s.

January 2024 Average Days on the Market for Frisco

The chart below shows the average days on the market for homes in Frisco TX for January 2022, 2023 and 2024. You can see that the days on the market for January 2024 is down 19.4% compared to Janaury 2023, but it's still higher than January 2022. Again, we attribute some of this to current interest rates. 

Frisco TX Housing Sales as a Percent of Original List Price

The chart below illustrates that home sellers in Frisco TX have been receiving between 95.4% to 103.8% of the original List Price, but keep in mind, if a property was overpriced, these stats may not apply. Determining the market value of your Frisco TX home lies within conducting a CMA (Comparative Market Analysis). This is a report that provides a "suggested sales price" based on the prevailing market. The CMA will be provided by your Realtor, often times at no charge. In a CMA report, your Realtor examines the recent sales in your neighborhood of any properties matching you house’s age, features and size; this is the same data an appraiser may use to determine the "appraised value" of your home. 

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Frisco TX's Housing Market Outlook

Frisco is a modern city at the top of its game, leading the way in population growth, premium education, business innovation and an extraordinary quality of life. Frisco attracts a diverse business and corporate base, highly talented workers and families from around the world. With all this going on, in my opinion, Frisco's housing market offers many housing option from single family homes, to CONDOS to Townhomes in various price points, and "in my opinion", Frisco's housing market will remain strong.

About Michael L. Brownstead

As a full time Broker-Owner of Brownstead Real Estate, LLC, a Veteran Owned Business in Frisco, TX, I operate throughout the Dallas-Fort Worth area, to include the Frisco, Plano, McKinney, Allen, Prosper, Little Elm, Southlake and Rockwall areas. I am a 24-year Army Retired Veteran Real Estate Agent based in Frisco and I operate throughout the DFW area! Contact us TODAY, it would be a plasure to assist with your home selling and home buying needs. 

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