Prosper, TX 75078 Real Estate Market Report

ZIP Code: 75078
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Prosper, TX is characterized by a median sold price of $879,500, reflecting a notable decrease in market activity. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and pricing dynamics. The median days on market stands at 216, suggesting slower sales velocity and a potential adjustment period for sellers as they align expectations with current market conditions.

Despite these trends, the local economy remains robust, supported by population growth and strong employment fundamentals. However, the market temperature is currently classified as cold, with elevated inventory levels contributing to a more competitive landscape for buyers. This environment may lead to further price adjustments as sellers respond to the excess supply relative to sales activity.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Prosper, TX are averaging 6.38%, which is 0.29% higher than the 6.09% average from March 2025.

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 listing price is $877,000, indicating seller expectations may be out of sync with current market realities.

2. With a median days on market of 216, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median market rent is $3,450, which may influence buyer decisions as rental rates show a down trend year-over-year.

4. Current interest rates are under elevated pressure, with 30-year fixed mortgage rates averaging 6.38%, impacting affordability for potential buyers.

5. The market temperature remains cold, reflecting a broader trend of declining prices and increased inventory levels.

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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.