Plano Neighborhood – Park Forest

The single-family housing market in the Park Forest neighborhood of Plano, TX, during August 2025 displayed a pronounced shift from the highly competitive environment of a year prior. The market is now characterized by slower velocity and a decline in some key metrics, indicating a move towards a more balanced condition.

The median sale price in July 2025 was approximately $342,500, a decrease of 4.3% year-over-year. This price moderation is a significant change, suggesting that the rapid appreciation of previous years has given way to stabilization and, in some cases, a correction. The average sale-to-list price ratio has also softened to 98.7%, a modest decline from last year, with homes selling for approximately 2% below their list price on average.

Furthermore, market activity has shown a notable slowdown. The number of homes sold in July 2025 was 12, a 20% decrease from 15 a year ago. The median days on market has also extended significantly, increasing to 40 days, which is a considerable jump from 13 days a year prior. This extended marketing period provides buyers with more time for due diligence and negotiation, reducing the sense of urgency that once defined the market. While the market is still considered “somewhat competitive,” with some properties receiving multiple offers, the overall trend points to a landscape where buyers possess more leverage and options than they have in recent memory.