How Is the Prosper, Texas Real Estate Market Doing Compared to Last year

Here’s the scoop on the Prosper real estate market, comparing how things are for both sellers and buyers right now in August 2025 versus last year.

For Sellers:

Last year, you probably had buyers practically lining up at your door, ready to pay a premium. The market was super hot and fast. This year, it’s a bit different. While a ton of people still want to live in Prosper, the market has settled down. You’re seeing prices either go up a little or, in some cases, even dip a bit, with some sources showing a median price drop of around 6.9%. And homes are taking a bit longer to sell—on average, about 66 days, which is a jump from last year. This means you might not get a dozen offers on day one. But here’s the good news: the number of homes sold is actually up a good amount! So, there are still plenty of buyers out there. The key is to be realistic with your price. You’re still in a great position, but you need to price your home right to get it sold in a timely manner.

For Buyers:

Last year was a real battle. You had to act fast, offer over the asking price, and often waive contingencies just to compete. But now? The market has shifted in your favor! You’re no longer in a frenzy. Homes are staying on the market longer, so you have more time to think, get a proper inspection, and even negotiate the price. With about 68% of homes having had a price drop, you’ve got some real negotiating power. The market is described as “somewhat competitive,” which is a far cry from “hyper-competitive.” While the median price is still high, the market is no longer as tough as it was, and the number of homes available has increased, giving you more choices. This is the perfect time to find a home that truly fits your needs without the pressure and bidding wars of a year ago.