Frisco, TX has experienced significant growth over the last 20 years and was the fastest growing city in the United States during many years in the early 2000s and also 2017.  The population grew from just 35,000 in 2000 to over 188,000 in 2018.  With this explosive growth in population came significant real estate development and new construction.  Since Frisco’s landscape is mostly flat prairie, it allowed for growth in essentially all directions.  Large master-planned developments began taking shape in the late 1990s and this greatly accelerated in the early 2000s.  Home prices soared during this time in Frisco sans taking a short break during the Great Recession.

Today Frisco continues to grow, but the supply of available land is starting to become scarce and the rapid growth has shifted to other cities further north, such as Prosper and Celina.  In the years since the rapid growth began, Frisco has significantly developed its infrastructure and added a plethora of new schools, retail establishments, and roads to accommodate the booming population.  Frisco has also added the Star Development which is the headquarters and practice facility of the Dallas Cowboys and features a large, walkable district of mixed-use retail and residential.

Future development is planned that will mirror this style, and large high-rise developments are on the horizon which will eventually transform areas of Frisco into a city that resembles more urban areas of Dallas like Uptown that are mixed-use and highly walkable.

Median Sales Price Chart for Homes in Frisco, Texas

Median home prices in Frisco skyrocketed along with the population over the last several years and are now showing signs of slower growth rates.

NOTE: Mobile users, slide charts to left to see data for all years.

 

Median Sales Price Per Square Foot Chart for Homes in Frisco, Texas

The price per square foot for homes has also risen sharply and first crossed the $150 mark in 2020.

Median List Price Chart for Homes in Frisco, Texas

Average Days on Market Chart for Homes in Frisco, Texas

The real estate market in Frisco is quite seasonal as is the case with most cities in D/FW.  Part of the reason for this is the weather, but it’s also due to the fact that many buyers choose to live in Frisco for the renowned school district, and thus prefer to time their purchase during the summer break from school so they can time their move during the months when school is out.

Average Days on Market Chart by Price Range for Homes in Frisco, Texas

Rising home prices have resulted in lower inventory of homes at lower price points which has caused the average marketing times for these lower priced homes to drop significantly.  The best homes often receive multiple offers and they may end up selling for more than their list price if there’s enough competition, which has been another factor that’s caused prices to rise.  As more inventory moves into the higher price points, those marketing times have shifted as well.

Months Supply of Home Inventory Chart for Homes in Frisco, Texas

A seller’s market is generally considered to have less than four months of inventory, and this was the case in Frisco for many years during the real estate boom.  Inventory levels have only begun to creep up in the last few years.

Months Supply by Price Range of Home Inventory in Frisco, Texas

Supply of homes at the low price points, especially under $250K, has decreased significantly.  In fact, it may be impossible to find a home priced under $250K in Frisco if prices continue to rise for much longer.

Average Percentage of List Price Received for Homes in Frisco, Texas

The peak years of the real estate boom saw homes selling for very close to 100% of their original list price on average, which means many of them were selling for more than their list price, especially if they received multiple offers.

Average Percentage of List Price Received by Price Range for Homes in Frisco, Texas

The lower price points sold closer to their list prices than the higher ones, on average. This has settled down somewhat in recent years.

Active Listings For Sale of Homes in Frisco, Texas

Since mid-year is normally the busiest time for Frisco real estate, listing inventory tends to increase substantially in the spring months and drop significantly later in the year.

Active Listings by Price Range for Sale of Homes in Frisco, Texas

As prices have increased, the inventory of listings in the mid-level price points has increased substantially while the inventory of sub-$250K homes has almost disappeared entirely.

New Listings of Homes in Frisco, Texas

New listings increase sharply in months right before spring and summer and drop significantly in the winter months.

New Listings by Price Range of Homes in Frisco, Texas

This is true with all price points.

Pending Sales of Homes in Frisco, Texas

Pending sales peak in the late spring and summer and drop off in the winter.  Many buyers are trying to close before the start of the school year.

Closed Sales of Homes in Frisco, Texas

Closed sales trail pendings by about a month.

All data is provided by NTREIS and deemed reliable but not 100% accurate.  Charts are powered by 10K Research.

Newest Real Estate For Sale in Frisco, Texas