Plano Home Values

More than 700 homes closed in Plano this quarter, a volume thick enough to anchor this month's read with confidence. Price per square foot held near $227, essentially flat against last month and still running ahead of the roughly $224 mark from a year ago. Closing times told the sharper story: homes that sold this quarter spent about three weeks under contract, down from roughly five weeks over the trailing year — continuing the compression flagged last month. Sellers received close to 98 cents on the dollar and concessions applied to just under half of closings, both little changed from July. Based on MLS data for 2026-08 closings in Plano, the median sale price landed near $541K.

Plano's pipeline underscores the velocity story from the closed-sale numbers. Pending contracts fell to just 100, extending a decline that has run for months even as active inventory held steady near 1,100 listings and new listings arrived at an above-average clip for the year. Months of supply crept up to just under five, keeping conditions mildly tilted toward buyers. The combination — brisk new supply, a thin pending pipeline — suggests contracts are converting to closings quickly rather than backing up in queue.

While Collin County's median closing price hovered near $203 per square foot this quarter, Plano's climbed to roughly $227 — a premium that has widened past ten percent, up from roughly five points back in spring. Based on MLS data for 2026-07 closings in Plano, the median sale price reached about $543K, well above the county's roughly $475K midpoint, and sellers received close to 98 cents on the dollar, edging past the county's typical rate. Just under a third of Plano transactions closed below list, a meaningfully smaller share than the county's pattern, while concessions appeared in just under half of closings here versus roughly six in ten countywide.

On the pipeline side, Plano's gap with the county has widened too. Months of supply sit near four and a half in Plano, well below the county's six-plus reading, and homes here are moving to contract in about three weeks versus more than four weeks countywide. Roughly one in five active Plano listings currently has a pending contract attached, compared with roughly one in eight across Collin County as a whole — a ratio that points to faster absorption in Plano even as new listings keep arriving at a similar clip to recent months.

The pace of Plano's market shifted notably this quarter. Based on MLS data for 2026-06 closings, homes that went under contract spent roughly three weeks at the closing stage — nearly double the pace recorded last quarter — a sign that transaction velocity has slowed even as median prices near $525K have held essentially steady. Sellers are still receiving close to 98 cents on the dollar, though that figure has slipped from the 99-cent rate that defined the previous period. About one in three closings settled below list, up from roughly one in four last quarter. Price per square foot registered near $225, flat against recent months, with the trailing 12-month trend reflecting a modest year-over-year price softening of about three percent.

Plano's pipeline tells a more cautious story. Pending contracts fell to roughly 440, down sharply from the 725 or so recorded last quarter, while active inventory held near 1,000 homes — pushing the pending-to-active ratio well below its prior reading. Months of supply edged up to around four and a half, approaching the threshold that historically shifts negotiating conditions toward buyers. New listings paced near 1,100 for the quarter, essentially unchanged, suggesting supply is not contracting — the slowdown is concentrated on the demand side of the pipeline.