Plano, TX 75024 Real Estate Market Report

ZIP Code: 75024
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Plano, TX (75024) is characterized by a median sold price of $672,450, reflecting a stable market environment. The neighborhood has decreased 8% since 2022, indicating a slight softening in home values. This trend suggests that while prices are stabilizing, they are not experiencing significant upward momentum, which may impact seller expectations moving forward.

Market activity appears to be moderated, with 219 median days on market indicating slower sales velocity. The elevated inventory levels relative to sales activity suggest that buyers may have more options, leading to a more balanced market. Additionally, the median market rent stands at $3,680, which has seen a downward trend year-over-year, further influencing buyer behavior and rental dynamics in the area.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Plano, TX are averaging 6.38% as of March 26, 2026, which is 0.6% higher than the average rate of 5.75% observed in early 2026.

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

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Key Findings

1. The median sold price of $672,450 indicates a stable market, although it reflects a decrease of 8% since 2022.

2. With 219 median days on market, the market is experiencing slower sales velocity, suggesting that properties are taking longer to sell.

3. The median listing price of $679,000 shows a notable gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations.

4. Elevated inventory levels suggest moderate transaction volume, providing buyers with more options in the current market.

5. The median market rent has decreased to $3,680, which may influence buyer sentiment and rental demand in the area.

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Notable Properties

The following 8 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.