Home Values in Frisco: How to Maximize Your Profit

Curious to know what your Frisco home is worth in today’s dynamic market? Whether you’re considering selling soon, hoping to ditch PMI, or simply want to stay informed about current home values, having an accurate idea of your home’s value can help guide your next financial decisions.

In this article, we’ll explore the latest housing price trends in Frisco, guide you on getting an accurate home value estimate, and share easy-to-follow tips to increase your home’s value. Plus, we’ll introduce helpful tools to ensure you get the best price when it’s time to sell your Frisco home.

Editor’s 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.

Current home values in Frisco

Since the summer of 2020, the median home value in Frisco has jumped a whopping 65.9% — 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 $725,000, as reported by the MetroTex Association of Realtors.

“Buyers [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,” said Jamuna Thill, President of the Collin County Association of Realtors, in a July report. This indicates that the Frisco market may be shifting in favor of buyers in the upcoming months.

The table below illustrates just how high home prices have climbed in the Frisco region since 2020:

Year
Median home price
Percent change year-over-year

2024 (July)
$725,000
+2.1%

2023
$710,000
-0.6%

2022
$714,000
+30.8%

2021
$545,700
+24.9%

2020
$436,900
+5.3%

Source: MetroTex Association of Realtors

This trend of rising home prices isn’t unique to Frisco; it’s unfolding across the entire country. According to the S&P CoreLogic Case-Shiller National Home Price Index, home prices in the United States have surged by over 50% since the start of the decade.

Because of this significant increase, homeowners have accumulated substantial amounts of equity 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 $299,000 in equity, according to ICE’s Mortgage Monitor report.

For comparison, the table below shows median home prices in neighborhoods and cities near Frisco:

City
Median home price
Distance from Frisco

Chapel Creek
$1,682,000
7-9 min (2.8 miles)

Hebron
$750,000
18-24 min (13.6 miles)

McKinney
$537,100
20-35 min (13.8 miles)

Murphy
$625,000
26-40 min (21.2 miles)

Chase Oaks
$487,000
22-25 min (12.4 miles)

The Colony
$421,400
14-24 min (9.8 miles)

Park Place
$345,000
10-14 min (6.4 miles)

Carrollton
$445,200
18-26 min (15.2)

Phillips Creek Ranch
$1,125,000
10-16 min (4.9 miles)

Allen
$546,300
18-35 min (12.6 miles)

Home value averages of multiple public transaction sites

Typical travel times 8 a.m. midweek

In the next section, we’ll walk you through the best ways to estimate your Frisco home’s current value.