Plano, TX Housing Market Report

The Plano, TX real estate market is currently undergoing a notable transition toward a buyer-friendly environment as of December 2025. With the median home value sitting at $496,327, the market has seen a 5.02% year-over-year decline. This cooling trend is further evidenced by a significant 7.88% increase in active inventory, which now stands at nearly 30,000 units. The sale-to-list ratio of 0.98 indicates that buyers are successfully negotiating prices below the original asking amounts, a shift from the hyper-competitive bidding wars seen in previous years.

Price trends over the last six months show a consistent, incremental decline, with values dropping from $503,352 in July to the current December figure. This steady downward trajectory suggests that the market is correcting after a period of rapid appreciation. The increase in days on market, which has risen to an average of 82 days, suggests that properties are sitting longer as buyers exercise more caution and leverage their increased options. This slowdown is likely driven by a combination of higher inventory levels and a broader stabilization within the Dallas-Fort Worth-Arlington metro area.

Looking ahead, the outlook for Plano remains stable but cautious. For buyers, the current climate offers the best opportunity in years to secure a home with less competition and more room for negotiation. For sellers, the data underscores the importance of realistic pricing and patience, as homes are taking nearly two weeks longer to sell than they did a year ago. While the rental market has also seen a slight dip of 0.86% to a median of $1,727, the overall housing market in Plano continues to reflect a healthy rebalancing that favors long-term stability over short-term volatility.