Are you curious about the current state of the housing market in Frisco, TX? Whether you’re searching
for homes for sale in Frisco TX, looking to sell your house, or simply keeping an eye on the market, we’ve
got the latest insights for you. Here’s a detailed breakdown of the trends shaping the Frisco TX real
estate market as we closed out December 2024.
Median Home Prices
The median price for existing homes in Frisco TX for December 2024 dropped by 4.9% compared to
December 2023, settling at $630,000. Compared to November 2024, the median price also saw a slight
decline of 5.3%. While prices are cooling, this could present an opportunity for buyers to secure a home
in this competitive market.
Housing Inventory
Inventory in Frisco has seen significant changes:
- 71.7% higher inventory compared to December 2023, with 419 homes currently on the market.
- However, December 2024 showed a 22.9% decrease in inventory compared to November 2024.
- Despite these fluctuations, inventory remains 11.4% lower than pre-pandemic levels,
highlighting the market’s ongoing tightness.
For potential sellers thinking, “Should I sell my house in Frisco?” this limited inventory could still work in
your favor by creating strong demand among buyers, especially if your home is updated and desirable
for the buyers.
Sales Trends
Frisco’s home sales have picked up pace:
- Median home sales increased by 22.1% compared to December 2023, with 149 homes sold.
- Sales were also 14.6% higher than in November 2024.
This uptick in sales reflects a resilient market, even amid broader economic challenges. Buyers and
sellers should work closely with a knowledgeable Realtor in Frisco TX to navigate these shifts effectively.
Days on Market
Homes are spending slightly more time on the market:
- The median days on market rose to 36 days in December 2024, up 2.9% year-over-year.
- Compared to November 2024, it now takes three additional days to sell a home.
While the pace has slowed marginally, the market is still moving relatively quickly compared to historical
averages.
Months Supply of Inventory
The months supply of inventory stands at 2.5 months, reaffirming Frisco’s status as a strong seller’s
market. This metric indicates that demand continues to outstrip supply, favoring those looking to sell
their properties.
Pending Sales
One concerning trend is the decline in pending sales:
- Pending sales dropped by 17.7% year-over-year, with only 93 homes under contract in
December 2024. - Compared to November 2024, pending sales fell by a significant 31.6%.
This decline could signal a slowdown in closed transactions for the coming months, emphasizing the
importance of strategic pricing and marketing for sellers.
Key Takeaways for Buyers and Sellers
- Buyers: With slightly lower prices and more inventory compared to last year, now might be an
excellent time to explore homes for sale in Frisco TX. However, work with a trusted Realtor in
Frisco TX to stay competitive in this dynamic market. - Sellers: Despite declining prices, the market remains tight, and Frisco’s strong demand ensures
opportunities for well-priced homes. If you’re wondering, “Should I sell my house in Frisco
now?” consulting with a local real estate expert can help you maximize your return.
Your Trusted Partner in Frisco TX Real Estate
Whether you’re buying, selling, or investing, staying informed is crucial in today’s ever-changing market.
As your go-to Realtor in Frisco TX, Mr. Frisco is here to help you navigate every step of your real estate
journey. Contact us today to learn more about how we can help you achieve your goals in 2024!
