Looking back at summer 2025, sales were slower than prior years but home values remain high.
You may have read headlines about a cooling housing market and price cuts. Dramatic headlines grab attention, but they don’t always tell the whole story. Here’s a breakdown of what’s happening with the market in East Plano, specifically in the Los Rios area.
Home values are still strong
Let’s start with good news for many home owners. Median home values in the Los Rios subdivisions have increased 56% in the last five years. At the end of summer 2020, the median home price around Los Rios was $275,000. This year, we closed out the summer with the median price at $429,900.
The market is shifting
Now, here’s good news for buyers. This summer, home prices in the Los Rios were down about 5.5% from last year. On top of that, homes are taking longer to sell (median 40 days on market). Buyers are regaining negotiating power, and we are seeing more homes sell below the original list price.
Ready to buy or sell?
With the right strategy and touch of patience, it can still a good time to sell or buy a home.
Tips for sellers
- Set your list price based on data. If buyers think your home is overpriced, they are less likely to schedule a showing. We are here to help you understand your home’s market value. Schedule a free home valuation.
- Be patient. Easier said than done, we get it! But in today’s market, patience is so important. The days of overnight offers are behind us (for now at least), and finding the right buyer takes time.
Tips for buyers
- If a house has been on the market for a while, the seller may be open to negotiating. A proactive agent can help you navigate this process. (We can help!)
- We can’t predict the future – neither can you. But we do know that many people who were “waiting for prices to go down” in 2017 are probably wishing they bought back then.
Whether you’re looking to buy or sell, it’s important to have a dedicated, attentive real estate agent on your side. As locals ourselves, we are knowledgeable about East Plano area market dynamics and will act as an advisor and partner.
If you are considering buying or selling your home, it would be our privilege to help you. Contact Nick & Nicole for more information
Nick & Nicole Real Estate Team 