Prosper, TX 75078 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in Prosper, TX is characterized by a median sold price of $856,000, reflecting a cooling trend in the market. This indicates a shift towards longer selling times and a potential increase in buyer negotiating power. The market has decreased 8% since 2022, highlighting a significant adjustment from previous highs. Elevated inventory levels and a median days on market of 174 days suggest a slower sales velocity, which may indicate that buyers are becoming more discerning in their purchasing decisions.

Despite the median listing price of $825,000, which remains relatively close to the sold price, the gap suggests that sellers may need to adjust their expectations to align with the current market dynamics. The overall market temperature is neutral, indicating a balance between supply and demand, but with elevated interest rate pressure contributing to a more cautious buyer sentiment. This environment may lead to further adjustments in pricing as the market continues to stabilize.

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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 Prosper TX 75078 market are around 6.03% compared to a recent average of 5.83% when loans originated earlier in 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 $856,000 indicates a significant adjustment in market value, reflecting a 8% decrease since 2022.

2. With a median days on market of 174, the market is experiencing slower sales velocity, suggesting potential buyer caution.

3. Elevated inventory levels relative to sales activity may lead to increased competition among sellers, impacting pricing strategies.

4. The median listing price of $825,000 is closely aligned with the sold price, indicating potential pricing friction as sellers adjust expectations.

5. Current market conditions are characterized as neutral, with elevated interest rate pressure influencing buyer behavior.

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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.