Plano Neighborhood – Ridgewood

The single-family real estate market in the Ridgewood neighborhood of Plano, TX, during August 2025, reflects a continuation of the broader market recalibration seen throughout the summer. The period is characterized by a notable decrease in transaction volume and a general softening of key metrics, signaling a departure from the previously robust seller-dominant conditions. While the Plano market overall still exhibits some price appreciation, a more granular look at the Ridgewood neighborhood suggests a slowing pace. The median sale price in the immediate vicinity has shown variability, with some data indicating a decline, which points to a more balanced environment where buyers are no longer consistently competing at peak price points. The days on market have extended significantly, providing buyers with more time for due diligence and negotiation. This increase in market duration, coupled with a slight decline in the average sale-to-list price ratio, demonstrates a reduction in the intense buyer competition that has been a hallmark of the recent past. The overall trend indicates that while the Ridgewood neighborhood remains a desirable location, the current conditions necessitate a more strategic approach for sellers, as buyers now possess greater leverage and are more discerning in their purchasing decisions.