Frisco, TX

The housing market in this ZIP code is currently cooling, characterized by a notable increase in active inventory, moderating price appreciation, and a stable but low pending ratio. Buyers are encountering a more varied selection of properties, while sellers are experiencing a more disciplined pricing environment.

Over the past year, active listings have seen a substantial increase of 21.3%, signaling a shift in inventory dynamics. Median listing prices have experienced a modest year-over-year increase of 1.5%, while the median price per square foot declined by 3.1%. The pace of sales remains relatively consistent, with median days on market decreasing slightly by 3.3% year-over-year. New listing volume has remained flat year-over-year. The share of properties with price reductions has risen by 10.0% over the past year, reflecting adjusting market expectations.

The pending ratio currently stands at 0.27, indicating a relatively slow pace of contract activity relative to available inventory. The increased active listings (up 21.3% year-over-year) suggest easing inventory pressure, providing buyers with more options and potentially extended decision-making periods. The rising share of price reductions at 36.5% underscores an environment where sellers may need to exercise greater price discipline to attract offers.

The average listing price of $661,469 significantly exceeds the median listing price of $558,000, indicating a substantial premium for higher-end properties within this market segment. At $232, the median price per square foot provides a baseline, with luxury segments likely commanding higher per-square-foot values, though the median $/sqft saw a year-over-year decline.