Home > Local Real Estate Markets > Plano TX  April 2010 Sold Homes Market Report

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Published June 7 2010 5:45pm

In the May 2010, Plano TX sold 235 homes for $56,248,735. These includes single-family homes, condominiums, townhomes and duplexes in the City of Plano TX.

January 2010 = 101 Plano TX homes sold
February 2010 = 172 Plano TX homes sold
March 2010 = 229 Plano TX homes sold
April 2010 = 264 Plano TX homes sold

235 Plano TX Homes for $56,248,735

When compared to the same time last year (2009), Plano TX sold 269 homes. It is DOWN 12.6% from the same time the previous year. Although the number of transactions is down, the average sales price and price per square foot of Plano TX homes are higher in May 2010.

The lowest priced home sold for $55,000 in Plano TX 75074. This was a bank foreclosure home in Meadows Estates, 1,000 square-foot home, 3-bedrooms, 1 bathroom. It took 12 days to sell in multiple offer situations.

The highest priced home was sold in Willow Bend Lakes for $785,000 - a 5,600 square-foot home, 5-bedrooms, 4 full bathrooms and 2 half bathrooms with 3-car garage and a swimming pool. It took 6 months to sell. It is the first time in many months that Plano TX has not sold a $1 Million Estate as its most expensive home in Plano TX.

The average home in Plano TX is $241,388, a 3 bedrooms, 2 bathrooms, 2,500 square feet. The average price per square feet is $95/sq.ft. The average days on market to sell is 56 days. The average list to sold price is approximately 97%.

The median sales price in Plano TX is $209,900.

Here is the snapshot of the homes sold in Plano by PRICE RANGE for MAY 2010:

Current conditions of Plano TX homes for sale market:

There are 1,246 homes for sale in Plano TX. They range from a condominium at $59,000 at Briarpark to a Mediterranean estate for almost $5 Million at Kings Gate. There are currently 66 homes over $1 Million for sale in Plano TX. With its current inventory, Plano TX sits on a 6-month inventory, which means based on May's rate of selling homes in Plano TX, it will take 6 months to clear our its current inventory.

There are 240 Plano TX homes currently under contract. In 2009, only 106 Plano TX homes went into contract during the same time. The pending sales is definitely credited to the First Time Home Buyer and Repeat Buyer Tax Credits.

Check out Homes for Sale in Plano TX: