Prosper, TX 75078 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The market’s primary transaction signal is the median sold price of 784,500, which represents the most reliable indicator of realized value and recent transaction activity in the area.
2. There is a meaningful spread between the median listing price of 931,203 and the median sold price of 784,500, which may indicate pricing friction and elevated seller expectations relative to completed transactions; this dynamic is occurring alongside neutral market temperature.
3. Liquidity appears subdued: the median days on market of 121 suggests slower sales velocity, and the sample shows elevated inventory relative to sales activity, which may indicate increased buyer negotiating power.
4. Broader trend signals show prices and rents are both trending down (price year-over-year trend: down; rent year-over-year trend: down) while interest rate pressure is elevated, implying near-term caution for sellers even as long-term DFW fundamentals remain supportive.

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.