KW Plano | Market Report June 2023

Page 1

June 2023 Copyright by KW Plano 2023

North Texas area

Collin County

Jump to Collin County Report

Dallas County

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Denton County

Jump to Denton County Report

Fannin-Lamar Counties

Jump to Fannin-Lamar Report

Grayson County

Jump to Grayson County Report

Kaufman County

Jump to Kaufman County Report

Rockwall-Hunt Counties

Jump to Rockwall-Hunt Counties Report

Tarrant County

Jump to Tarrant County Report

What’s your home really worth in today’s market?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Contact me for a confidential, no obligation assessment of your home's value.

I can help...

The True Value of Homeownership

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

Collin

What's in th data?

The market for de

1,398 closed sale

42.8% of properti

There were 1,739 month supply wit market without a

The market for co closed sales at a 40 2% of properti

There were 123 n month supply wit market without a

35K ales Price 98 les Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Keller Williams Plano. TREC# independently owned and Reduced Market

dential

hs,

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023
County MAY 2022 - MAY 2023 STINGS CLOSED SALES
n
year-over-year.
wnhomes hs,
Homes
*Note: Some historical data not available year-over-year
ata not available

Median Sales Price

Detached

The median sales price was at $53K as of May 2023

Condos

The median sales price was at $392K as of May 2023

*Note: Some historical data not available

Sold Above List Price

Not PR Days On the Market

Detached

Condos

*Note: Some historical data not available

The sold above list price was at 40 2% as of May 2023 Residential Homes

The sold above list price was 42 8% as of May 2023

& Townhomes

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $600,000 $400,000 $200,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 30 20 10 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 80% 60% 40% 20% 0%

*Note: Some historical data not available

Back to Table of Contents

& Townhomes
Residential Homes
& Townhomes
There was an average of 29 days on the market, without price reduction, as of May 2023. Residential Homes
There was an average of 11 days on the market, without price reduction, as of May 2023
Condos
Detached

Dallas County

What's in the Dallas County data?

The market for detached residential units saw 1,760 closed sales at a median price of $380K, and 46.5% of properties sold above their list price. There were 2,074 new listings, providing a 1.3month supply with an average of 10 days on the market without a price reduction.

The market for condo and townhome units saw 379 closed sales at a median price of $331K, and 41 3% of properties sold above their list price There were 443 new listings, providing a 1.4month supply with an average of 12 days on the market without a price reduction.

Co

443 New Listin

1.4 Months of Supp

41.3% Sold Above List Pri

*Note: Some historical data not available

LES y y
Mar2023 Apr2023 May2023 Mar2023 Apr2023 May2023

Median Sales Price

Detached

The median sales price was at $380K as of May 2023

Condos

The median sales price was at $331K as of May 2023

*Note: Some historical data not available

Sold Above List Price

Residential Homes

The sold above list price was at 46 5% as of May 2023

& Townhomes

The sold above list price was at 41 3% as of May 2023

Not PR Days On the Market

Detached

Condos

*Note: Some historical data not available

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 20 15 10 5 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 75% 50% 25% 0%

Back to Table of Contents

& Townhomes
Residential Homes
& Townhomes
There was an average of 12 days on the market, without price reduction, as of May 2023. Residential Homes
There was an average of 10 days on the market, without price reduction, as of May 2023
Condos
Detached
*Note: Some historical data not available

Dent

What's in t data?

The market for d

1,335 closed sal and 42.1% of pro

There were 1,696 month supply wi market without a

The market for c closed sales at a 37 2% of propert

There were 80 n supply with an a without a price r

1,696 New Listings 1.5 Months of Supply $467K Median Sales Price

42.1% Sold Above List Price

1,335 Closed Sales 11 Not Price Reduced Days on Market

is

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written
Keller Williams Plano. TREC#
permission of
independently owned and

CONDO

Condo & Townhomes

80 New Listings

43 Closed Sales

2.4 Months of Supply

$440K Median Sales Price

37.2% Sold Above List Price

20 Not Price Reduced Days on Market

Denton County

MAY

Last

*Note:

2022 - MAY 2023
LISTINGS
SALES
& Townhomes
ACTIVE
CLOSED
Condos
12 months, year-over-year.
Some historical data not available
Residential Homes
12 months, year-over-year
Some historical data not available May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 5000 4000 3000 2000 1000 0 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 150 100 50 0
Detached
Last
*Note:

Median Sales Price

Detached

The median sales price was at $467K as of May 2023

Condos & Townhomes

The median sales price was at $440K as of May 2023

*Note: Some historical data not available

Sold Above List Price

Residential Homes

The sold above list price was at 42 1% as of May 2023

& Townhomes

The sold above list price was at 37 2% as of May 2023

Not PR Days On the Market

Detached

Condos

*Note: Some historical data not available

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 40 30 20 10 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 80% 60% 40% 20% 0%

Back to Table of Contents

Residential Homes
& Townhomes
There was an average of 20 days on the market, without price reduction, as of May 2023. Residential Homes
There was an average of 11 days on the market, without price reduction, as of May 2023
Condos
Detached
*Note: Some historical data not available

Fan Co

What's Countie

The market closed sale

29.4% of pr

There were supply with without a p

There is no market this

D ial Homes Condo/Townhome Residences. Data ©2023 ChartMaster Services, LLC. All reproduced without the written permission of directed to Keller Williams Plano. TREC# Each office is independently owned and 110 New Listings 4 Months of Supply $207K Median Sales Price 29.4% Sold Above List Price 68 Closed Sales 15 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

0 New Listings

5 Closed Sales

0 Months of Supply

$0 Median Sales Price

0% Sold Above List Price

0 Not Price Reduced Days on Market

*Note: Some historical data not available

y y

Median Sales Price

The

Not PR Days On the Market

There

Sold Above List Price

& Townhomes Detached Residential Homes
Condos
median sales price was at $207K as of May 2023
& Townhomes Detached Residential Homes
Condos
was an average of 15 days on the market, without price reduction, as of May 2023 Back to Table of Contents
& Townhomes Detached Residential Homes
sold above list price was at 29 4% as of May 2023
Some historical data not available
Condos
The
*Note:
historical data
available
Some historical data not available No data for this month No data for this month No data for this month May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 40 30 20 10 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 40% 30% 20% 10% 0%
*Note: Some
not
*Note:
Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All without the written permission of Keller Williams Plano. TREC# is independently owned and 289 New Listings 2.5 Months of Supply $315K Median Sales Price 30% Sold Above List Price 213 Closed Sales 16 Not Price Reduced Days on Market

Condo & Townhomes

9 New Listings

5 Closed Sales

4.2 Months of Supply

$283K Median Sales Price

0% Sold Above List Price

3 Not Price Reduced Days on Market

CONDO

*Note: Some historical data not available

y LES y y
Mar2023 Apr2023 May2023 Mar2023 Apr2023 May2023

Median Sales Price

Detached

The median sales price was at $315K as of May 2023

Condos & Townhomes

The median sales price was at $283K as of May 2023

*Note: Some historical data not available

Sold Above List Price

Residential Homes

The sold above list price was at 30% as of May 2023

& Townhomes

The sold above list price was at 0% as of May 2023

Not PR Days On the Market

Detached

Condos

*Note: Some historical data not available

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 75 50 25 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 50% 40% 30% 20% 10% 0%

Back to Table of Contents

Residential Homes
& Townhomes
There was an average of 3 days on the market, without price reduction, as of May 2023. Residential Homes
There was an average of 16 days on the market, without price reduction, as of May 2023
Condos
Detached
*Note: Some historical data not available

Kaufman County

What's in the Kaufman County data?

The market for detached residential units saw 277 closed sales at a median price of $340K, and 24.9% of properties sold above their list price. There were 431 new listings, providing a 3-month supply with an average of 19 days on the market without a price reduction.

The market for condo and townhome units saw 3 closed sales at a median price of $331K, and 0% of properties sold above their list price. There was 1 new listing, providing a 3.3-month supply with an average of 38 days on the market without a price reduction

Homes Condo/Townhome Residences. Data ChartMaster Services, LLC. All the written permission of Keller Williams Plano. TREC# independently owned and 431 New Listings 3 Months of Supply $340K Median Sales Price 24.9% Sold Above List Price 277 Closed Sales 19 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

3 New Listings

3 Closed Sales

3.3 Months of Supply

$331K Median Sales Price

0% Sold Above List Price

38 Not Price Reduced Days on Market

*Note: Some historical data not available

y y
23 May2023
May2023
23

Median Sales Price

Detached

The median sales price was at $340K as of May 2023

Condos & Townhomes

The median sales price was at $331K as of May 2023

*Note: Some historical data not available

Sold Above List Price

Residential Homes

The sold above list price was at 24 9% as of May 2023

& Townhomes

The sold above list price was at 0% as of May 2023

Not PR Days On the Market

Detached

Condos

*Note: Some historical data not available

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 500 400 300 200 100 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 60% 40% 20% 0%

Back to Table of Contents

Residential Homes
& Townhomes
There was an average of 38 days on the market, without price reduction, as of May 2023. Residential Homes
There was an average of 19 days on the market, without price reduction, as of May 2023
Condos
Detached
*Note: Some historical data not available

Rockw Count

What's in the R Counties data?

The market for detach closed sales at a medi 26.1% of properties so

There were 472 new lis month supply with an a market without a price

The market for condo closed sales at a medi 16.7% of properties so

There were 13 new list supply with an average without a price reducti

mes Residences. Data Services, LLC. All written permission of Williams Plano. TREC# independently owned and 472 New Listings 2.6 Months of Supply $388K Median Sales Price 26.1% Sold Above List Price 379 Closed Sales 15 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

13 New Listings

6 Closed Sales

3.3 Months of Supply

$248K Median Sales Price

16.7% Sold Above List Price

21 Not Price Reduced Days on Market

*Note: Some historical data not available

y y

Median Sales Price

Detached

The median sales price was at $388K as of May 2023

Condos

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 21 days on the market, without price reduction, as of May 2023. Residential Homes

There was an average of 15 days on the market, without price reduction, as of May 2023

& Townhomes

*Note: Some historical data not available

Detached

Residential Homes

Condos

& Townhomes

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 200 150 100 50 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 75% 50% 25% 0%

*Note: Some historical data not available

Back to Table of Contents

& Townhomes
The median sales price was at $248K as of May 2023 Residential Homes
Condos
Detached
Sold Above List Price
The sold above list price was at 16 7% as of May 2023
The sold above list price was at 26 1% as of May 2023
TACHED hed Residential Homes Detached Residential Homes and Condo/Townhome Residences. Data be accurate but is not warranted. ©2023 ChartMaster Services, LLC. All This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Plano. TREC# Copyright Keller Williams Plano 2023. Each office is independently owned and 2,582 New Listings 1.4 Months of Supply $359K Median Sales Price 42.9% Sold Above List Price 2,171 Closed Sales 11 Not Price Reduced Days on Market

CONDO

Condo & Townhomes

140 New Listings

114 Closed Sales

1.8 Months of Supply

$319K Median Sales Price

36.8% Sold Above List Price

14 Not Price Reduced Days on Market

MAY 2022 - MAY 2023
CLOSED SALES omes ear-over-year. t available tial Homes ear-over-year t available 2 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 2 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023
nt County
NGS

Median Sales Price

Detached

The

Condos

The

*Note: Some historical data not available

Sold Above List Price

Detached Residential Homes

The sold above list price was at 42 9% as of May 2023

Condos & Townhomes

The sold above list price was at 36 8% as of May 2023

*Note: Some historical data not available

Not PR Days On the Market

There was an average of 11 days on the market, without price reduction, as of May 2023

There was an average of 14 days on the market, without price reduction, as of May 2023.

*Note: Some historical data not available

May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 $400,000 $300,000 $200,000 $100,000 $0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 25 20 15 10 5 0 May2022 Jun2022 Jul2022Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 75% 50% 25% 0%
& Townhomes
median sales price was at $319K as of May 2023
Residential Homes
median sales price was at $359K as of May 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
3600 Preston Rd, Plano, TX 75093 Keller Williams Plano 3100 Lamar Ave., Paris, TX 75460 Keller Williams Paris
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