Local Market Stats for 75093
For this week in Plano zip code 75093 for Single Family Homes:
- The Median List Price is $527,000
- Asking Price per Square Foot is $138.
- Average Days on Market is 84
- Percent of Properties with a Price Decrease is 57%
- Percent Relisted (reset DOM) is 18%
- Percent Flip (price increase) is 6%
- Median House Size (sq ft) is 3786
- Median Lot Size 0.25-0.50 acre
- Sold Homes - 28
Inventory and days on market are climbing, perhaps signaling to a weakening market. There are 357 properties currently on the market and this has been rising. Two months ago average days on market was 58 days - that's a 12% increase.
Local Conditions are currently in a buyer's market, though not strongly.
Buyers should expect reasonable levels of selection and bargaining power depending on how a property is priced.
Seller's are adjusting prices accordingly, last week 57% of properties listed took a price reduction. This has been common over the last several weeks.
With school starting and the Feds possibility taking a rate cut - this could help generate some fall activity.
This very well could be a buyer's best time for buying a home and getting the price you want as well as low interest rates.
City overview of Plano overview is here.
For more trending info on Dallas click here
