Hey there, future homeowners and current sellers! I’m Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS, and I’m here to give you the latest market update for July 2024 in the beautiful Phillips Creek Ranch community in Frisco, TX.

Let’s dive right in! Currently, we have a 2.8 Months Supply of Inventory in Phillips Creek Ranch. That means there are plenty of homes on the market for you to choose from, but don’t wait too long because the Months Supply of Inventory has increased by 40% over the last 12 months.

Now, let’s talk about List to Sold Price percentage. Sellers, you’ll be happy to know that homes in Phillips Creek Ranch are selling at 97% of their listing price. That’s a great sign of a strong and competitive market.

If you’re looking to sell your home, the median days on market in Phillips Creek Ranch is only 32 days. That’s less than a month! Buyers, be prepared to act fast when you find the home of your dreams.

And finally, let’s talk about the median Sold Price in Phillips Creek Ranch. Drum roll, please! The median Sold Price is $1,150,000. That’s the average price of homes sold in the area, so you can get an idea of what to expect when buying or selling in Phillips Creek Ranch.

So, whether you’re a buyer looking for your forever home or a seller wanting to make a move, now is a great time to be in the market in Phillips Creek Ranch. If you have any questions or need assistance with buying or selling a home, don’t hesitate to reach out to me, Marie Walton, at 972-816-5197.

Thanks for dropping by, and I’ll see you in the next market update. Happy house hunting!