{"id":47689,"date":"2024-08-29T17:33:32","date_gmt":"2024-08-30T00:33:32","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47689"},"modified":"2026-04-06T00:45:25","modified_gmt":"2026-04-06T07:45:25","slug":"home-values-in-frisco","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-frisco\/","title":{"rendered":"Home Values in Frisco: How to Maximize Your Profit"},"content":{"rendered":"<p>Curious to know what your Frisco home is worth in today\u2019s dynamic market? Whether you\u2019re considering selling soon, hoping to <a href=\"https:\/\/www.homelight.com\/blog\/can-i-cancel-pmi-if-my-home-value-increases\/\">ditch PMI<\/a>, or simply want to stay informed about current home values, having an accurate idea of your home\u2019s value can help guide your next financial decisions.<\/p>\n<p>In this article, we\u2019ll explore the latest housing price trends in Frisco, guide you on getting an accurate <a href=\"https:\/\/www.homelight.com\/blog\/property-value-lookup\/\">home value estimate<\/a>, and share easy-to-follow tips to increase your home\u2019s value. Plus, we\u2019ll introduce helpful tools to ensure you get the best price when it\u2019s time to sell your Frisco home.<\/p>\n\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Already Own a Home? What's It Worth Now?<\/h3>\n                        <p>Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight&#8217;s free Home Value Estimator.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/simple-home-value\/quiz?#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Get Estimate<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n\n<p><em>Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n<div id=\"section--1\" data-toc-header=\"Current home values in Frisco\" data-toc-type=\"head\"><\/div>\n<h2>Current home values in Frisco<\/h2>\n<p>Since the summer of 2020, the median home value in Frisco has jumped a whopping 65.9% \u2014 higher than most other cities throughout the country. In July of 2020, the typical Frisco home sold for $436,900. Four years later, that value has increased to <a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2024\/08\/NTREIS-Monthly-MLS-Summary-Report-202407.pdf\">$725,000<\/a>, as reported by the MetroTex Association of Realtors.<\/p>\n<p>\u201cBuyers [in July 2024] had great inventory to select from and motivated sellers. Many buyers enjoyed low sales prices, softening interest rates, and flexible financing options, making their new home purchase more affordable than years prior,\u201d said Jamuna Thill, President of the Collin County Association of Realtors, in a <a href=\"https:\/\/www.ccar.net\/2024\/08\/16\/collin-county-home-prices-drop-while-inventory-remains-steady\/\">July report<\/a>. This indicates that the Frisco market may be shifting in favor of buyers in the upcoming months.<\/p>\n<p>The table below illustrates just how high home prices have climbed in the Frisco region since 2020:<\/p>\n<table>\n<tbody>\n<tr>\n<td>Year<\/td>\n<td>Median home price<\/td>\n<td>Percent change year-over-year<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2024\/08\/NTREIS-Monthly-MLS-Summary-Report-202407.pdf\">2024 (July)<\/a><\/td>\n<td>$725,000<\/td>\n<td>+2.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2023\/08\/NTREIS-Monthly-MLS-Summary-Report-202307.pdf\">2023<\/a><\/td>\n<td>$710,000<\/td>\n<td>-0.6%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2022\/08\/NTREIS-Monthly-MLS-Summary-Report-202207.pdf\">2022<\/a><\/td>\n<td>$714,000<\/td>\n<td>+30.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2021\/08\/NTREIS202107.pdf\">2021<\/a><\/td>\n<td>$545,700<\/td>\n<td>+24.9%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.mymetrotex.com\/wp-content\/uploads\/2021\/03\/NTREIS202007.pdf\">2020<\/a><\/td>\n<td>$436,900<\/td>\n<td>+5.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Source: <a href=\"https:\/\/www.mymetrotex.com\/market-reports\/\">MetroTex Association of Realtors<\/a><\/em><\/p>\n<p>This trend of rising home prices isn\u2019t unique to Frisco; it\u2019s unfolding across the entire country. According to the S&amp;P CoreLogic Case-Shiller National Home Price Index, home prices in the United States have <a href=\"https:\/\/fred.stlouisfed.org\/series\/CSUSHPINSA\">surged by over 50%<\/a> since the start of the decade.<\/p>\n<p>Because of this significant increase, homeowners have accumulated <a href=\"https:\/\/www.homelight.com\/blog\/what-is-home-equity\/\">substantial amounts of equity<\/a> in their homes, providing them with financial flexibility to spend on home renovations, new property investments, or even debt repayment. As of early 2024, the average homeowner with a mortgage holds about<a href=\"https:\/\/www.icemortgagetechnology.com\/resources\/data-reports\/february-2024-mortgage-monitor\"> $299,000<\/a> in equity, according to ICE\u2019s Mortgage Monitor report.<\/p>\n<p>For comparison, the table below shows median home prices in neighborhoods and cities near Frisco:<\/p>\n<table>\n<thead>\n<tr>\n<th>City<\/th>\n<th>Median home price<\/th>\n<th>Distance from Frisco<\/th>\n<\/tr>\n<tr>\n<td>Chapel Creek<\/td>\n<td>$1,682,000<\/td>\n<td>7-9 min (2.8 miles)<\/td>\n<\/tr>\n<tr>\n<td>Hebron<\/td>\n<td>$750,000<\/td>\n<td>18-24 min (13.6 miles)<\/td>\n<\/tr>\n<tr>\n<td>McKinney<\/td>\n<td>$537,100<\/td>\n<td>20-35 min (13.8 miles)<\/td>\n<\/tr>\n<tr>\n<td>Murphy<\/td>\n<td>$625,000<\/td>\n<td>26-40 min (21.2 miles)<\/td>\n<\/tr>\n<tr>\n<td>Chase Oaks<\/td>\n<td>$487,000<\/td>\n<td>22-25 min (12.4 miles)<\/td>\n<\/tr>\n<tr>\n<td>The Colony<\/td>\n<td>$421,400<\/td>\n<td>14-24 min (9.8 miles)<\/td>\n<\/tr>\n<tr>\n<td>Park Place<\/td>\n<td>$345,000<\/td>\n<td>10-14 min (6.4 miles)<\/td>\n<\/tr>\n<tr>\n<td>Carrollton<\/td>\n<td>$445,200<\/td>\n<td>18-26 min (15.2)<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Phillips Creek Ranch<\/td>\n<td>$1,125,000<\/td>\n<td>10-16 min (4.9 miles)<\/td>\n<\/tr>\n<tr>\n<td>Allen<\/td>\n<td>$546,300<\/td>\n<td>18-35 min (12.6 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Home value averages of multiple public transaction sites<\/em><\/p>\n<p><em>Typical travel times 8 a.m. midweek<\/em><\/p>\n<p>In the next section, we\u2019ll walk you through the best ways to estimate your Frisco home\u2019s current value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explore home values in Frisco, Texas, learn how to get an accurate home value estimate, and boost your sale price with expert tips and tricks.<\/p>\n","protected":false},"author":363,"featured_media":47694,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,1223,330],"tags":[1225],"class_list":["post-47689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-texas-real-estate","category-house-value","tag-selling-a-house-in-dallas-fort-worth"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Home Values in Frisco: How to Maximize Your Profit<\/title>\n<meta name=\"description\" content=\"Explore home values in Frisco, Texas, learn how to get an accurate home value estimate, and boost your sale price with expert tips and tricks.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Articles, guides, and advice from top agents all over the U.S.","email":"support@homelight.com","telephone":"(888) 688-0350","legalName":"HomeLight","foundingDate":"2012-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"}},{"@type":"Person","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/2320d5c3706bf60c287b6eb3b32d19c5","name":"Alexandra Lee","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bc7f2c5f7e87be540b867005da7c8b7ddb2cb72219d53ecc2e079831d7523366?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc7f2c5f7e87be540b867005da7c8b7ddb2cb72219d53ecc2e079831d7523366?s=96&d=blank&r=g","caption":"Alexandra Lee"},"description":"Alexandra is an associate editor of HomeLight.com. 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