Prosper, TX 75078 Real Estate Market Report

ZIP Code: 75078
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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

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Key Findings

1. The primary market indicator is the median sold price of $595,000, which represents the most reliable signal of recent transaction activity and suggests current market value is below prevailing asking expectations given the median listing price of $799,450; this gap appears to indicate pricing friction between seller expectations and completed sales. down

2. Liquidity appears subdued: the median days on market of 87 points to slower sales velocity and, combined with elevated inventory relative to sales activity in the analyzed sample, may indicate buyers have more negotiation leverage and that transactions are taking longer to close. stable

3. Market direction shows softening price momentum—year-over-year price movement is reported as down—while rent trends are also down; these concurrent declines suggest near-term pressure on both capital and rental demand. elevated interest rate pressure

4. Valuation context: median price per square foot is $249 and median market rent is $2,256, which together frame baseline valuation and cashflow expectations for SFR and condo investors evaluating Prosper, but investors should account for the reported neutral market temperature when pacing acquisitions. elevated

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Notable Properties

The following 4 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.

Prosper, TX 75078 Real Estate Market Report

ZIP Code: 75078
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

Liquidity metrics unavailable due to insufficient data quality.

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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.

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Key Findings

1. median sold price is not available in the provided metrics, so a representative recent sale value cannot be stated; without that figure the median sold price cannot be used to quantify current market value but remains the primary indicator of transaction-based pricing, and its absence limits price-level precision.

2. The price year-over-year trend is down, which, combined with a neutral market temperature, suggests the market appears to be moving toward balance with cooling appreciation rather than accelerating gains.

3. The market temperature is neutral, indicating a more balanced market where pricing friction may persist and sellers may need to align expectations with recent transaction levels rather than relying on elevated asking prices.

4. The rent year-over-year trend is down and the median market rent is 1,385, which may reduce upside pressure from investor demand for rental cash flow and suggests rental income is softening relative to prior periods.

5. The interest rate pressure is elevated, which may constrain buyer purchasing power and contribute to slower sales velocity; combined with the other indicators, this implies cautious pricing strategies and potential negotiation room for buyers.

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Notable Properties

The following 4 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.