Plano TX Real Estate Market Update

Plano TX Real Estate Values - July 2023

Welcome to our comprehensive guide to the Plano, Texas real estate market for the month of July 2023. If you're interested in buying or selling single-family detached homes in Plano, or if you simply want to stay informed about the local real estate trends, you've come to the right place.

Market Overview:

The Plano real estate market continues to be vibrant and dynamic, offering both buyers and sellers exciting opportunities. In July 2023, the market experienced significant activity, with 187 single-family detached homes sold. The average sales price for these homes was $603,000, reflecting the strong demand for Plano properties. With an average size of 4 bedrooms and 3 bathrooms spanning 2,700 square feet, these homes provide ample space for families of all sizes. The majority of the homes were built in 1987, showcasing the timeless appeal of Plano's housing stock.

Average Mortgage Interest Rates:

For those considering purchasing a home in Plano, it's important to be aware of the prevailing mortgage interest rates. Currently hovering over 7%, it's advisable to consult with a mortgage professional to understand how these rates might impact your purchasing power and monthly payments.

Low Inventory and High Demand:

The Plano real estate market is currently characterized by low inventory, making it a seller's market. With a limited number of available homes, buyers are competing to secure their dream properties. If you're considering selling your home, now could be an opportune time to take advantage of the high demand and potentially secure a favorable sales price.

Plano Zip Codes and Amenities:

Plano encompasses several zip codes, each offering a unique living experience. Whether you prefer the historic charm of the older neighborhoods or the modern conveniences of newer developments, Plano has something for everyone. The city boasts an array of amenities, including parks, shopping centers, entertainment venues, and excellent dining options.

Frequently Asked Questions - Selling Your Home in Plano:

1. How can I determine the right asking price for my Plano home? Setting the right asking price involves analyzing recent comparable sales in your neighborhood, considering the condition of your home, and consulting with a real estate professional.

2. Should I make renovations before selling my home? Renovations can help increase the value of your home, but it's important to focus on projects that offer a good return on investment. Consulting with a realtor can provide valuable insights.

3. How long does it typically take to sell a home in Plano's current market? As of July 2023, the average days on the market was 25 days. However, this can vary depending on factors like location, condition, and pricing.

Top-Ranked Plano Schools:

Plano is known for its excellent school system. Here are some of the top-ranked schools in the area:

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Plano Candle

Plano ISD schools

serves students living in

grade
rangeacademic
performance
scorescaled
STAAR
scoreTEA
accountability
ratingwest
Planonorth
central
Planonorth
Dallas

Aldridge Elementary SchoolK-5991Met Standard

Andrews Elementary SchoolK-51095Met Standard✓

Armstrong Middle School6-8575Met Standard

Barksdale Elementary SchoolK-51093Met Standard✓

Barron Elementary SchoolK-5472Met Standard

Bethany Elementary SchoolK-5990Met Standard✓

Beverly Elementary SchoolK-51096Met Standard

Boggess Elementary SchoolK-51092Met Standard

Bowman Middle School6-8677Met Standard

Brinker Elementary SchoolK-51092Met Standard✓

Carlisle Elementary SchoolK-51092Met Standard✓

Carpenter Middle School6-8779Met Standard

Centennial Elementary SchoolK-51094Met Standard✓

Christie Elementary SchoolPK-5573Met Standard

Clark High School9-101091Met Standard✓

Daffron Elementary SchoolK-5990Met Standard

Davis Elementary SchoolK-5677Met Standard

Dooley Elementary SchoolK-5677Met Standard

Forman Elementary SchoolK-5370Met Standard

Frankford Middle School6-8885Met Standard✓✓

Gulledge Elementary SchoolK-51093Met Standard✓

Haggar Elementary SchoolK-5885Met Standard✓

Haggard Middle School6-8991Met Standard

Harrington Elementary SchoolK-51092Met Standard

Haun Elementary SchoolK-51093Met Standard✓

Hedgcoxe Elementary SchoolK-51092Met Standard

Hendrick Middle School6-8989Met Standard

Hickey Elementary SchoolK-5882Met Standard

Hightower Elementary SchoolK-51093Met Standard

Huffman Elementary SchoolPK-5262Met Standard✓

Hughston Elementary SchoolK-5991Met Standard

Hunt Elementary SchoolK-51094Met Standard

Jackson Elementary SchoolPK-5677Met Standard✓

Jasper High School9-101094Met Standard✓

Mathews Elementary SchoolK-51095Met Standard✓

McCall Elementary SchoolK-5991Met Standard

McMillen High School9-101090Met Standard

Meadows Elementary SchoolK-5265Met Standard

Memorial Elementary SchoolPK-5260Met Standard

Mendenhall Elementary SchoolPK-5265Met Standard

Miller Elementary SchoolK-51092Met Standard

Mitchell Elementary SchoolK-5883Met Standard✓

Murphy Middle School6-81094Met Standard

Otto Middle School6-81092Met Standard

Plano East Senior High School9-121092Met Standard

Plano ISD Academy High School9-121093Met Standard✓✓✓

Plano Senior High School9-121093Met Standard✓

Plano West Senior High School9-121094Met Standard✓✓✓

Rasor Elementary SchoolK-5780Met Standard

Renner Middle School6-8991Met Standard✓

Rice Middle School6-81096Met Standard✓

Robinson Middle School6-81093Met Standard✓

Saigling Elementary SchoolK-5991Met Standard

Schell Elementary SchoolK-51092Met Standard

Schimelpfenig Middle School6-81094Met Standard✓

Shepard Elementary SchoolK-5990Met Standard

Shepton High School9-101088Met Standard✓✓✓

Sigler Elementary SchoolK-5574Met Standard

Skaggs Elementary SchoolK-51095Met Standard✓

Stinson Elementary SchoolK-51093Met Standard

Thomas Elementary SchoolPK-5472Met Standard

Vines High School9-101090Met Standard

Weatherford Elementary SchoolK-5572Met Standard

Wells Elementary SchoolK-5989Met Standard

Williams High School9-101080Met Standard

Wilson Middle School6-8883Met Standard

Wyatt Elementary SchoolK-51095Met Standard

 

The Plano real estate market is thriving in July 2023, presenting exciting opportunities for both buyers and sellers. With low inventory, favorable mortgage interest rates, and a hot market, it's an excellent time to explore the possibilities that Plano's housing market has to offer. Whether you're looking to buy, sell, or simply stay informed about local real estate trends, our team of experienced realtors is here to assist you every step of the way. Contact us today to start your Plano real estate journey.