Plano, TX 75024 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The median sold price, the primary indicator of market value and recent transaction activity, is not available in the provided metrics; therefore rely on the median listing price $650,000 and transaction context as proximate signals for current pricing. not available
2. Pricing snapshot shows a median listing price $650,000 and a median price per square foot 228, while the median days on market 81 suggests slower sales velocity and increased pricing friction; the marketTemperature is neutral, indicating a more balanced market rather than a strongly one-sided market.
3. Inventory and liquidity context indicates elevated inventory relative to sales activity in the analyzed sample, which appears to be contributing to slower transaction volume and greater sensitivity to pricing; well-priced homes in desirable pockets may still transact, while others may require pricing adjustment or concessions.
4. Financing and rent signals are mixed: interestRatePressure is elevated and the report notes Current 30-year fixed mortgage rates in the Plano 75024 market average 6.58%, while rent performance is weakening with rentYoYTrend reported as down; together these factors may depress near-term buyer reach and favor buyers who are sensitive to carrying costs.

Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.