As the economy continues to recover, the housing market in Plano, Texas has seen a surge in demand for homes. With everything from single-family homes to luxury condos, Plano is an attractive area for potential homebuyers. To get a better understanding of the Plano housing market, let’s take a look at what’s available and how much it costs.
Types of Homes
Plano has a wide variety of homes for potential buyers to choose from. Whether you’re looking for a single-family home, a townhome, or a condominium, you’ll find something that fits your needs in Plano. There are also many luxury homes available, which offer features such as high-end appliances, custom features, and more.
Average Home Prices
The average home price in Plano is around $303,000, according to recent data. This is slightly higher than the national average of $285,700. However, the average price in Plano is still lower than many other cities in the area, such as Dallas and Fort Worth. The median home price in Plano is $279,000, which is slightly lower than the national median of $290,000.
Market Trends
The Plano housing market has seen a steady increase in home prices over the past few years. In the last quarter of 2020, home prices in Plano rose by 5.4%, compared to the same period in 2019. This trend is expected to continue, as more people move to the area and the demand for housing increases.
Conclusion
The Plano housing market is an attractive option for potential homebuyers. With a wide variety of homes available, along with relatively low average home prices, Plano is an ideal place to purchase a home. The market is also showing signs of continued growth, which means now is a great time to start looking for a home in Plano.
Related Posts
