As two of the fastest-growing suburbs in North Texas, Frisco and Prosper continue to attract homebuyers looking for high-quality communities, excellent schools, and strong investment potential. While they share some similarities, their 2024 real estate trends highlight distinct differences in home values, market activity, and pricing stability.
Frisco, TX Real Estate Market in 2024
Home Values: The average home value in Frisco has increased slightly, reaching approximately $671,000, reflecting steady demand despite broader market fluctuations.
Market Activity: Homes in Frisco typically go under contract in about 42 days, indicating a moderately competitive market with consistent buyer interest.
Price Trends: The median listing price in Frisco has seen a slight dip, now around $699,000, showing a 2.2% decrease compared to the previous year. This suggests some price adjustments in response to shifting market conditions.
Key Takeaways for Frisco:
Strong demand remains, particularly for newer homes and properties in master-planned communities.
Slight price adjustments offer opportunities for buyers to negotiate better deals.
The fast-growing business and entertainment sectors continue to drive homebuyer interest.
Prosper, TX Real Estate Market in 2024
Home Values: Prosper continues to maintain higher home values, averaging around $816,000, representing a 2.1% increase over the past year. This signals continued desirability for luxury homes and large properties.
Market Activity: Homes in Prosper typically remain on the market for around 62 days, showing a slightly slower turnover compared to Frisco. This indicates that while demand is strong, it may take longer to match buyers with higher-end homes.
Price Trends: Unlike Frisco, Prosper has maintained price stability, with the median listing price holding at $899,000. This reflects a more resilient market, where price reductions are less common.
Key Takeaways for Prosper:
The market remains stable, with home values appreciating at a steady pace.
Higher-priced homes and larger lot sizes continue to appeal to affluent buyers.
The slower market pace suggests less urgency in sales, with sellers maintaining firm pricing.
Frisco vs. Prosper: Key Differences and Market Insights
1. Home Prices & Value Trends
Prosper’s average home values are significantly higher than Frisco’s, reflecting a more premium market segment.
Frisco has seen minor price declines, while Prosper has maintained pricing stability.
2. Market Speed & Buyer Demand
Frisco’s homes sell faster, with properties going under contract about 20 days sooner than in Prosper.
Prosper’s slightly slower market suggests that buyers may have more negotiating power in some cases.
3. Investment Potential
Frisco offers a wider range of home prices, making it attractive to both first-time buyers and investors.
Prosper is ideal for luxury homebuyers and those seeking spacious properties, though the slower sales cycle requires patience for sellers.
Which Market is Best for You?
Choose Frisco if you prefer a more competitive market with slightly more affordability and faster resale potential.
Choose Prosper if you’re looking for luxury homes, larger lots, and a quieter market with long-term price stability.
Both cities remain strong choices for homebuyers and investors, offering excellent schools, high quality of life, and continued growth. The best choice depends on budget, lifestyle preferences, and long-term investment goals.
Please call us at 469-269-6541 for more details about Frisco real estate!
About us: Frisco New Construction Expert Real Estate Agent
As a Top Real Estate Professional in Frisco & Dallas area, I understand the challenges that arise when buying a new construction home. There are over 50 builders in the Dallas area. I work with most of the new home builders in Dallas and understand how various builders operate. I am familiar with the options they offer, current incentives and I frequently visit the upcoming communities they are building. I guide my clients through all steps of the new home construction process and aggressively protect their interests in the transaction.
As a holder of top real estate industry certifications and designations like CRS, ABR & GRI, I can offer my clients experience as a Buyer's Agent in Frisco and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
Whether you are a first time buyer in Frisco looking to buy a home in Dallas or Frisco or whether you are relocating to Frisco from California or moving your entire family from areas like San Francisco, Fremont, Palo Alto, Los Angeles, San Diego in California due to job transfer with your company, I can help you find a new construction home in Frisco. Our relocation team eases the transition - whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. We have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.
What is most important to you in your new construction home in Frisco? Send us an email at info@NitinGuptaDFW.com or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Frisco community that you can use to help make your home buying decision.
