December Market Statistics Update

January 4, 2024

Real Estate

December Market Statistics Update

 

DECEMBER MARKET STATISTICS UPDATE

 

Market statistics for the select cities in the Metroplex and Collin and Denton counties. If your city is not listed, and you would like the information, feel free to contact us!

 

PROSPER

 

CELINA

 

FRISCO

 

MCKINNEY

 

PLANO

 

ANNA

 

MELISSA

 

COLLIN COUNTY

 

DENTON COUNTY

 

OVERALL TRENDS

  • The median list price for homes in Collin County was $495,000 in December 2023, which is a 0.2% decrease compared to December 2022.
  • The median listing price for homes in Denton County in December 2023 stood at $464,164, reflecting a 16.3% decrease compared to December 2022.
  • The number of homes for sale in Collin County was decreased by 0.2% from December 2022.
  • The number of homes for sale in Denton County decreased by 16.3% from December 2022.

 

KEY INSIGHTS FOR COLLIN COUNTY

  • MEDIAN LIST PRICE STABILITY - The median list price for homes in Collin County stands at $495,000, with a slight decrease of 0.8% from December 2022. This suggests overall price stability in the market.
  • SIGNIFICANT DECREASE IN INVENTORY - The number of homes for sale in Collin County has seen a significant decline of 10.1% from December 2022, indicating a reduced inventory and potentially a more competitive market for buyers.

 

KEY INSIGHTS FOR DENTON COUNTY

  • MEDIAN LIST PRICE INCREASE - In Denton County, the median list price for homes is $464,164, showing a positive change with a 2.2% increase from December 2022. This suggests a potential appreciation in home values.
  • SUBSTANTIAL DROP IN INVENTORY - Denton County has experienced a significant decrease in the number of homes for sale, with a notable decline of 16.3% from December 2022. This could lead to a more competitive market and impact buyer choices.
  • CONTRASTING INVENTORY TRENDS - While Collin County saw a decrease in the number of homes for sale, Denton County experienced an even more pronounced drop. The divergent inventory trends between the two counties highlight the unique dynamics within each local real estate market.

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