Prosper Home Values

After two months of narrowing, the average concession Prosper sellers handed back at closing widened again, based on MLS data for 2026-09 closings in Prosper: from a bit above $12,000 in August back up near $14,000, closer to the trailing annual norm. Price per square foot held essentially flat just under $245, keeping pace with recent months, while the median sale price eased to roughly $866,000. Just under half of closings still carried a concession, and sellers received about 96 cents on the dollar at the table — a hair below last month's figure, consistent with a market where sellers are giving up slightly more ground than they were over the summer.

The pipeline offers a plausible explanation: active inventory in Prosper eased slightly to around 600 listings, but pending contracts remain thin, at scarcely more than two dozen homes under contract, keeping months of supply near eight — well above the four-month threshold that marks a balanced market. New listings kept arriving faster than pending activity is clearing, widening that overhang. Days to close have also stretched noticeably from the tighter pace seen earlier this summer, another sign that homes are lingering longer before sellers find a buyer willing to meet them partway.

Days to close in Prosper tightened again this quarter, dropping to the mid-forties, roughly a fifth faster than the trailing annual pace, even as price per square foot held essentially flat just under $250. Based on MLS data for 2026-08 closings in Prosper, the median sale price edged up to just above $900,000, a modest gain that left the year-over-year price trend essentially unchanged. Sellers kept giving ground at the table: just under half of closings carried a concession, though the typical give-back shrank to a bit above $12,000, a real pullback from the roughly $14,000 sellers gave up on average over the trailing year, and sellers still received close to 97 cents on the dollar at closing.

Prosper's pipeline reflects the same deceleration in contract flow. Pending contracts have thinned further, now representing well under one active listing in twenty, down from roughly one in ten a month earlier, even as active inventory held steady near 640 homes. New listings kept arriving at a slightly faster clip than that stock is clearing, keeping months of supply above seven, well above the four-month threshold that typically marks a balanced market. The faster closing times captured in recent sales have not yet drawn down the standing inventory, leaving the supply overhang largely intact heading into fall.

Compared with the rest of Collin County, Prosper's housing market continues to operate in a different tier. Based on MLS data for 2026-07 closings in Prosper, price per square foot landed just under $250 — roughly a fifth above the county-wide figure near $200 — while the median sale price, north of $910,000, ran nearly double Collin County's broader median. That premium isn't coming with the same seller flexibility seen county-wide: just under half of Prosper's closings included a concession, compared with roughly six in ten across the county, and sellers gave back only a sliver of list price on average, essentially flat against year-ago levels.

The pipeline underscores that gap. Months of supply in Prosper held near nine, well above the roughly six months registered across Collin County, while new listings landed at close to eighty percent of the active pool — a slightly lower replenishment pace than the county saw. Pending contracts represented only about one in ten active listings, a thinner absorption rate than Collin County's, suggesting Prosper's premium pricing is being tested by a comparatively slower conversion of inventory into contracts heading into late summer.