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Frisco Real Estate Market Trends

Q1 2020 the median list price for Frisco, TX is $539,281 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady with an average of around 486.

Frisco Real Estate Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory. Currently we are seeing a Slight Seller's Advantage

Frisco Real Estate Market Action Index Q1 Update

Frisco Real Estate Market Profile

Real-Time Market Profile

Never miss important changes in the Frisco market.

Median List Price
$542,925
Per Square Foot
$165
Days on Market
114
Price Decreased
36%
Price Increased
6%
Relisted
9%
Inventory
478
Median Rent
$2,200
Most Expensive $6,900,000
Least Expensive $229,900
Market Action
40
Slight Frisco Seller's Advantage


Each Frisco TX property segment below represents approximately 25% of the market ordered by price.Frisco Homes Market Segments

Frisco Homes Average Days on Market

The Frisco real estate market currently has 114days on market with a 7 day moving average with downward pressure and 120 days on market average for a rolling 90 days average with downward pressure. Based on previous trends I believe that the 90 day average will continue to  push downwards in coming months as the local market begins to heat up in early Spring 2020.

Frisco Real Estate Average Days on Market Q1 2020

Frisco Real Estate Inventory Averages Q1 2020

Frisco home inventory continues to have downward pressure with 546 properties for sale over an average of the past 90 days. This is a decline of 50% as overall inventory continues to be sold. We believe the primary contributor this sell off of inventory is due to a continuation of lower mortgage interest rates that occured during the 2nd half of 2019

Frisco Real Estate Inventory Averages Q1 2020

Frisco Median List Price Trends Q1 2020

While we have seen flucations in the median list price of homes for sale in Frisco TX, there has been a significant increase in Q1 2020. In addition, the median list price 90-day average of $530,220 has still not broken what we saw back in Q1 2017 but is on the way, while the 7-Day average has dramatic flucuating upward pressure, beating the same 2017 time period with an average of $542,925.

Frisco Median List Price Trends Q1 2020

Frisco Home Price Per Square Foot Average Q1 2020

We continue to see upward pressure on cost per square foot. 90-Day averages is currently at $160 sqft. While trends flucuate through out the year, this has exceeded previous records over the past 2 years. Q1 2017 we saw an average of $151 a 5.6% increase.

Frisco Home Price Per Square Foot Average Q1 2020
Updated: 02/26/2020

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Real Estate for Sale in Frisco TX May 30, 2020
853
Listed
63
Avg. DOM
$175.46
Avg. $ / Sq.Ft.
$499,000
Med. List Price
853 Properties
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Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated May 30, 2020.