September 4, 2023
Real Estate
As the scorching days of summer give way to the crisp hints of autumn, it's time to take a closer look at our local real estate market's performance during the month of August. The housing market is a dynamic entity, subject to countless influences, from economic factors to changing buyer preferences. By delving into the latest statistics, we can gain valuable insights into the ebbs and flows of our community's housing landscape.
In this blog post, we will dissect the data, providing you with an in-depth analysis of the real estate market's key indicators for August. Whether you're a potential buyer, seller, or simply a curious neighbor, understanding these trends can be crucial in making informed decisions about your next steps in the real estate arena.
So, fasten your seatbelts as we journey through the intricate tapestry of our local real estate market, exploring the numbers, deciphering the stories they tell, and offering a glimpse into what the future might hold for those who call our community home. Whether you're looking to invest, sell, or merely stay informed, this deep dive into August's real estate statistics is your passport to navigating the local housing market with confidence and savvy.
Statistics for Cities We Serve in the Dallas Area
Prosper
Average Listing Price: $948,309
Average Sale Price: $857,382
Average Price/SQ. FT.: $257
Average Number of Days on Market: 50
Homes for Sale: 256
New Listings: 129
Pending Sales: 63
Celina
Average Listing Price: $688,173
Average Sale Price: $667,367
Average Price/SQ. FT.: $228
Average Number of Days on Market: 33
Homes for Sale: 289
New Listings: 154
Pending Sales: 98
Frisco
Average Listing Price: $831,785
Average Sale Price: $826,052
Average Price/SQ. FT.: $254
Average Number of Days on Market: 28
Homes for Sale: 480
New Listings: 284
Pending Sales: 169
McKinney
Average Listing Price: $582,801
Average Sale Price: $574,752
Average Price/SQ. FT.: $228
Average Number of Days on Market: 27
Homes for Sale: 479
New Listings: 286
Pending Sales: 184
Plano
Average Listing Price: $593,904
Average Sale Price: $601,859
Average Price/SQ. FT.: $234
Average Number of Days on Market: 23
Homes for Sale: 409
New Listings: 280
Pending Sales: 159
Anna
Average Listing Price: $419,237
Average Sale Price: $407,768
Average Price/SQ. FT.: $192
Average Number of Days on Market: 36
Homes for Sale: 185
New Listings: 105
Pending Sales: 57
Melissa
Average Listing Price: $534,288
Average Sale Price: $542,205
Average Price/SQ. FT.: $205
Average Number of Days on Market: 54
Homes for Sale: 199
New Listings: 140
Pending Sales: 93
Looking to Move?
Interested in a new place to call home? These statistics allow our clients to compare and contrast the market in different cities they may be interested in. Make sure to take into account the city itself, its school district, how developed it is, and the neighborhood/community you want to live in. All of these factors play an important role in numbers such as average listing price and average sale price.
Collin County
When examining local statistics, it's also beneficial to look at the county as a whole, and compare it to what's going on in your city. Some cities will have more of an impact on these statistics (e.g., higher averages, etc.). While we don't include statistics for all of the cities that comprise Collin County, we like to provide our clients with a general overview.
Average Listing Price: $601,526
Average Sale Price: $599,034
Average Price/SQ. FT.: $225
Average Number of Days on Market: 34
Homes for Sale: 3,152
New Listings: 1,847
Pending Sales: 1,070
Questions?
We're always here to answer your questions about the market. At Merit Homes, we know that regardless of what is going on in the market, providing our clients with all of the information is crucial. Our agents are well-equipped with the necessary knowledge to answer any questions you may have about your local market. Give us a call today!
Stay up to date on the latest real estate trends.
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