KW Plano | May 2023 Market Report

Page 1

2023 Copyright by KW Plano 2023
May

North Texas area

Collin County

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Dallas County

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Denton County

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Fannin-Lamar Counties

Jump to Fannin-Lamar Report

Grayson County

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Kaufman County

Jump to Kaufman County Report

Rockwall-Hunt Counties

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Tarrant County

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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...

How Homeowners Win When They Downsize

Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:

“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”

And when inflation has made most things significantly more expensive, saving money where you can have a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.

Collin County

What's in the Collin County data?

The market for detached residential units saw 1,149 closed sales at a median price of $534K, and 39.4% of properties sold above their list price. There was a total of 1,447 new listings, providing a 1.4 month supply with an average of 11 days on the market without price reduction.

The market for condo and townhome units saw 89 closed sales at a median price of $414K, and 33 7% of properties sold above their list price There were 94 new listings, providing a 1.4 month supply with an average of 12 days on the market without price reduction.

1,447 New Listings 1.4 Months of Supply $534K Median Sales Price 39.4% Sold Above List Price 1,149 Closed Sales DETACHED Detached Residential Homes NTREIS data for Detached Residential Homes and Condo/Townhome Residences. Data is believed to be accurate but is not warranted. ©2023 ChartMaster Services, LLC. All rights reserved. This page shall not be reproduced without the written permission of JeromyTrask@kw.com. Questions may be directed to Keller Williams Plano. TREC# 0492040. Copyright Keller Williams Plano 2023. Each office is independently owned and operated. 11 Not Price Reduced Days on Market

Cond

94 New Listings

1.4 Months of Supply

33.7% Sold Above List Price

*Note: Some historical data not available

y y

Median Sales Price

Not PR Days On the Market

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

There was an average of 12 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $600,000 $400,000 $200,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 25 20 15 10 5 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 80% 60% 40% 20% 0%
Condos & Townhomes The median sales price was at $414K as of April 2023 Detached Residential Homes The median sales price was at $534K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes
sold above list price was at 33 7% as of April 2023 Detached Residential Homes
sold above list price was at 39 4% as of April 2023
Some historical data not available
historical
Some historical data not available
The
The
*Note:
*Note: Some
data not available *Note:

Dallas Co

What's in the Dallas data?

The market for detached residen

1,435 closed sales at a median and 42.3% of properties sold ab

There was a total of 1,936 new l 1.6 month supply with an averag the market without price reducti

The market for condo and town

323 closed sales at a median pr 49 2% of properties sold above

There were 394 new listings, pro month supply with an average o market without price reduction.

*Note:

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 6000 4000 2000 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 1000 750 500 250 0 Dallas County APRIL 2022 - APRIL 2023 ACTIVE LISTINGS CLOSED SALES
Residential Homes
12 months, year-over-year
Some historical data not available
& Townhomes
Detached
Last
*Note:
Condos
year-over-year.
Last 12 months,
Some historical data not available

Median Sales Price

Not PR Days On the Market

There was an average of 10 days on the market, without price reduction, as of April 2023

There was an average of 9 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 20 15 10 5 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75% 50% 25% 0%
Condos & Townhomes
median sales price was at $321K as of April 2023 Detached Residential Homes The median sales price was at $366K as of April 2023
The
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes
sold above list price was at 49 2% as of April 2023
Residential Homes
sold above list price was at 42 3% as of April 2023
Some historical data not available
Some historical data not available
The
Detached
The
*Note:
*Note: Some historical data not available *Note:

Dento

What's in the data?

The market for detach 1,124 closed sales at and 34.5% of properti

There was a total of 1 1.6 month supply with the market without pr

The market for condo closed sales at a med 35 4% of properties so There were 35 new lis supply with an averag without price reductio

475K an Sales Price ,124 ed Sales D al Homes Condo/Townhome Residences. Data ©2023 ChartMaster Services, LLC. All without the written permission of to Keller Williams Plano. TREC# office is independently owned and 2 Price Reduced on Market

Condo & Townhomes

35 New Listings

48 Closed Sales

1.6 Months of Supply

$433K Median Sales Price

35.4% Sold Above List Price

17 Not Price Reduced Days on Market

CONDO

*Note: Some historical data not available

y y

Median Sales Price

Not PR Days On the Market

There was an average of 12 days on the market, without price reduction, as of April 2023

There was an average of 17 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 40 30 20 10 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 80% 60% 40% 20% 0%
Condos & Townhomes The median sales price was at $433K as of April 2023 Detached Residential Homes The median sales price was at $475K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes
sold above list price was at 35 4% as of April 2023 Detached Residential Homes
sold above list price was at 34 5% as of April 2023
Some historical data not available
historical data not available *Note: Some historical data not available
The
The
*Note:
*Note: Some

Fannin-Lam Counties

What's in the Fannin-Lama Counties data?

The market for detached residential units closed sales at a median price of $232K, of properties sold above their list price. Th a total of 96 new listings, providing a 6.7 m supply with an average of 24 days on the without price reduction.

There is currently no data for the condo a townhome market.

No data for this month.

C

*Note: Some historical data not available

month.

2022December2022January2023February2023 March2023 April2023 Counties
SALES y y
LOSED

Median Sales Price

Sold Above List Price

Not PR Days On the Market

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 40 30 20 10 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 40% 30% 20% 10% 0%
Condos & Townhomes Detached Residential Homes The median sales price was at $232K as of April 2023
Condos & Townhomes Detached Residential Homes
was an average of 24 days on the market, without price reduction, as of April 2023 Back to Table of Contents
There
Condos & Townhomes Detached Residential Homes The sold above list price was at 25% as of April 2023 *Note: Some historical data not available *Note: Some historical data not available *Note: Some historical data not available No data for this month No data for this month No data for this month

Gray Coun

What's in t data?

The market for d closed sales at a 21.7% of properti There was a tota 2 4 month supply the market witho

The market for co closed sales at a of properties sold were 7 new listin with an average o price reduction

$310K Median Sales Price 207 Closed Sales ED ntial Homes and Condo/Townhome Residences. Data warranted. ©2023 ChartMaster Services, LLC. All reproduced without the written permission of directed to Keller Williams Plano. TREC# 2023. Each office is independently owned and 19 Not Price Reduced Days on Market
List
New
Months of Su
P C
0% Sold Above List
2022December2022January2023February2023 March2023 April2023 2022December2022January2023February2023 March2023 April2023 ounty LOSED SALES y y *Note: Some historical data not available

Median Sales Price

Not PR Days On the Market

There was an average of 29 days on the market, without price reduction, as of April 2023

There was an average of 32 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75 50 25 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 50% 40% 30% 20% 10% 0%
Condos & Townhomes The median sales price was at $283K as of April 2023 Detached Residential Homes The median sales price was at $310K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes
sold above list price was at 0% as of April 2023 Detached Residential Homes
sold above list price was at 21 7% as of April 2023 *Note: Some historical data not available
historical data not available *Note: Some historical data not available
The
The
*Note: Some

Kaufman County

What's in the Kaufman County data?

The market for detached residential units saw 262 closed sales at a median price of $329K, and 24% of properties sold above their list price. There was a total of 344 new listings, providing a 3 month supply with an average of 19 days on the market without price reduction.

The market for condo and townhome units saw 8 closed sales at a median price of $283K, and 0% of properties sold above their list price. There was 1 new listing, providing a 1.3 month supply with an average of 0 days on the market without price reduction

329K an Sales Price 62 ed Sales D al Homes Condo/Townhome Residences. Data ©2023 ChartMaster Services, LLC. All without the written permission of to Keller Williams Plano. TREC# office is independently owned and 9 Price Reduced on Market

CON Condo & Tow

1 New Listings

1.3 Months of Supply $2 Media

0% Sold Above List Price Not P Da

April2023

*Note: Some historical data not available

April2023
y y

Median Sales Price

Not PR Days On the Market

There was an average of 19 days on the market, without price reduction, as of April 2023

There was an average of 0 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 500 400 300 200 100 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 60% 40% 20% 0%
Condos & Townhomes The median sales price was at $283K as of April 2023 Detached Residential Homes The median sales price was at $329K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
& Townhomes
sold above list price was at 0% as of April 2023
Residential Homes
sold above list price was at 24% as of April 2023
Some historical data not available
Some historical data not available
Condos
The
Detached
The
*Note:
*Note: Some historical data not available *Note:

Ro Co

What's Countie

The marke closed sale

28.5% of pr

There was 2 9 month the market

The marke closed sale

16.7% of pr

There were supply with without pri

6 tings 9 of Supply $360K Median Sales Price .5% ove List Price 337 Closed Sales ETACHED ched Residential Homes for Detached Residential Homes and Condo/Townhome Residences. Data to be accurate but is not warranted. ©2023 ChartMaster Services, LLC. All ed. 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 14 Not Price Reduced Days on Market

2.

16.7%

List
New
Months of Su
Sold
List P C
Above
2022December2022January2023February2023 March2023 April2023 2022December2022January2023February2023 March2023 April2023 t Counties LOSED SALES y y *Note: Some historical data not available

Median Sales Price

Not PR Days On the Market

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

There was an average of 175 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $500,000 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 200 150 100 50 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75% 50% 25% 0%
Condos & Townhomes The median sales price was at $278K as of April 2023 Detached Residential Homes The median sales price was at $360K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes The sold above list price was at 16 7% as of April 2023 Detached Residential Homes The sold above list price was at 28 5% as of April 2023 *Note: Some historical data not available
Some historical data not available *Note: Some historical data not available
*Note:

Tarrant

What's in the Tar data?

The market for detached re 1,821 closed sales at a me and 40.7% of properties so There was a total of 2,265 1.5 month supply with an a the market without price re

The market for condo and closed sales at a median p 26 6% of properties sold ab There were 124 new listing month supply with an avera market without price reduc

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 500 000 500 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 400 300 200 100 0 Tarrant County APRIL 2022 - APRIL 2023 ACTIVE LISTINGS CLOSED SALES Condos & Townhomes
12 months, year-over-year.
Some historical data not available Detached Residential Homes Last 12 months, year-over-year *Note: Some historical data not available
Last
*Note:

Median Sales Price

Not PR Days On the Market

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

There was an average of 25 days on the market, without price reduction, as of April 2023.

Sold Above List Price

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $400,000 $300,000 $200,000 $100,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 25 20 15 10 5 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75% 50% 25% 0%
Condos & Townhomes The median sales price was at $318K as of April 2023 Detached Residential Homes The median sales price was at $350K as of April 2023
Condos & Townhomes
Detached Residential Homes
Back to Table of Contents
Condos & Townhomes
sold above list price was at 26 6% as of April 2023 Detached Residential Homes
sold above list price was at 40 7% as of April 2023
Some historical data not available
Some historical data not available
The
The
*Note:
*Note: Some historical data not available *Note:
3600 Preston Rd, Plano, TX 75093 Keller Williams Plano 3100 Lamar Ave., Paris, TX 75460 Keller Williams Paris
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