Plano, TX 75024 Real Estate Market Report

ZIP Code: 75024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 the Plano 75024 market are averaging approximately 6.3% as of May 2026, reflecting a stable interest rate environment for property owners in this area.

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 neighborhood's primary market indicator, median sold price, is currently unavailable in the provided dataset, so recent transaction-level valuation cannot be directly stated; this absence may reflect limited closed-sales in the sample or a reporting lag rather than definitive market movement. contextual

2. The listed inventory shows a median listing price of $650,000, which, together with a neutral market temperature, suggests seller expectations remain anchored but that final sale prices may require negotiation to align with actual buyer willingness to pay.

3. The market exhibits softer liquidity: median days on market is 111, indicating slower sales velocity that, combined with elevated inventory relative to sales activity, may imply pricing friction and increased buyer leverage in negotiations. down

4. Macro and demand-side headwinds are present—interest rate pressure is elevated (local 30-year fixed rates average approximately 6.3%), and both price year-over-year trend and rent year-over-year trend are reported as down—which together likely constrain buyer affordability and damp rental growth. elevated interest rate pressure

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Notable Properties

The following 1 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.

Plano, TX 75024 Real Estate Market Report

ZIP Code: 75024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 the Plano 75024 market are averaging approximately 6.3% as of May 2026, reflecting a stable interest rate environment for property owners in this area.

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 is the primary indicator of market value and recent transaction activity, but a median sold price is unavailable in the provided metrics, so representative settled-market valuation cannot be stated precisely from these data.

2. The median listing price $1,465,000 combined with a down price year-over-year trend and a median price per square foot 763 suggests seller expectations remain elevated relative to observed market direction and may indicate pricing friction in a balanced market.

3. The median days on market 116 is prolonged and points to slower sales velocity and increased buyer negotiation leverage, consistent with a neutral market temperature.

4. The interest rate pressure: elevated—with current 30-year fixed mortgage rates averaging approximately 6.3% as of May 2026—alongside a down rent year-over-year trend and a median market rent 1,600 may be constraining near-term demand and investor cashflow opportunities.

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Notable Properties

The following 7 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.