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Plano Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price up 8.6% to $550,000
• Inventory up 64.4% YoY with 664 active listings
• Homes closing in 63 days — 8 days longer than April 2024
🏠 Home Prices: Strong Annual Growth
The median home price in Plano rose to $550,000 in April 2025 — an 8.6% year-over-year increase. This reflects ongoing demand for well-located, updated homes in one of Collin County’s most desirable cities.
📈 Inventory Builds While Sales Ease
Active listings climbed to 664 (▲ 64.4% YoY), while closed sales fell to 217 homes (▼ 10.3%). Months of inventory now stands at 3.2, signaling a more balanced market than in recent years.
⏱ Closing Timelines Extend Slightly
Days on Market: 35 (up 7 days YoY)
Days to Close: 28 (up 1 day)
Total Transaction Time: 63 days (up 8 days YoY)
Additional metrics: Median price per square foot: $225.53 (▼ 2.1%)
Median home size: 2,384 sq ft
Median year built: 1990
Close-to-original list price ratio: 97.3%
What Sellers Need to Know
- ✅ Home values are rising: Median price is up 8.6% — a positive sign for homeowners considering a sale.
- ✅ More competition: Inventory jumped over 64% — strategic pricing and presentation matter.
- ✅ Allow for more time: Expect an average of 63 days from listing to closing.
- ✅ Strong offer activity: Homes are closing at 97.3% of original list price.
- ✅ Move-in ready sells faster: Homes built in the 1990s may benefit from light updates.
What Buyers Need to Know
- ✅ More homes to choose from: Inventory has increased significantly — less pressure to rush.
- ✅ Prices are up, but $/sq ft is down: Buyers may find better value by comparing home size and condition.
- ✅ Well-priced homes move: Median sale-to-list ratio is strong — be ready to act on the right home.
- ✅ Most homes are well-established: With a median build year of 1990, look for updated features and systems.
- ✅ Transaction timelines are reasonable: Around 2 months from contract to close — plan accordingly.
📍 Market Updates by City
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© 2025 Texas REALTORS® – Data used in this report come from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTORS® and local REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University.
