Plano North | July 2022

2022

REAL ESTATE EDITION

REAL ESTATE DATA 2021-22 Plano

Data on the real estate market in Plano

COMPILED BY WILLIAM C. WADSACK

SRT TOLL

real estate market at a glance While homes are spending fewer days on the market in Plano, the options potential buyers have to choose from are slimmer than the year prior as fewer homes are being sold in most of the city’s ZIP codes. Only Plano’s 75023 ZIP code had more homes change hands over the last year than the year prior. SOURCES: COLLIN COUNTY ASSOCIATION OF REALTORS, FREDDIE MACCOMMUNITY IMPACT NEWSPAPER

75074 75075 75093

75023 75024 75025

DNT TOLL

75

PGBT TOLL

N

Average home sales price

Average days on market

June 2020-May 2021

June 2021-May 2022

June 2020-May 2021

June 2021-May 2022

75023

75074

$328,500

$295,000

+22.3%

+25.76%

$401,760

$371,000

75024

75075

$470,125

$355,900

+30.28%

+26.44%

$612,500

$450,000

75025

75093

$395,000

$541,500

+31.14%

+21.51%

$518,000

$658,000

75023

75024

75025

75074

75075

75093

National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May.

Number of homes sold

June 2020-May 2021

June 2021-May 2022

30-year xed-rate mortgage

15-year xed-rate mortgage

5.27%

5%

4.51%

3.72%

4.52%

4%

2.65% 3.22%

3%

3.99%

3.16%

2% 0 January 2019

2.16%

2.43%

75023

75024

75025

75074

75075

75093

January 2020

January 2021

January 2022

11

PLANO NORTH EDITION • JULY 2022

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