Prosper Real Estate FAQ

Prosper Tx Real Estate FAQ

Here are 5 frequently asked questions that we often receive from prospective buyers. The Prosper, TX real estate market can be complex, so please feel free to contact us for a consultation. We can have a conversation about the home you are looking for and the best way to find it. To schedule a consultation and discover the perfect Prosper property for you, reach out to us here.

1. What is the average price of a home in Prosper?

The median sales price for a home in Prosper as of Feb 1st 2024 is $995,000. This is the median sales price of single family homes using data from the NTREIS database. Prices vary a great based on the neighborhood, interior finsh out, square footage and lot size. One acre lots are the most sought after yard size in Prosper closely followed by a golf course lot.

2. What types of homes are available in Prosper?

The Prosper area contains many different types of the builders have created over the years. This is one of the reasons that families relocating to Prosper Tx can find their perfect home. Prosper offers every type of home from 55+ communities, equestrian properties, golf course homes, gated neighborhoods and many others.

3. What are some popular neighborhoods in Prosper?

Honestly, the best resource for neighborhoods in Prosper is our wildly popular blog post about The Best Prosper Neighborhoods. To get you started here is a short list of popular Prosper neighborhoods.

  • Gentle Creek is loved for its laid back luxury on the Prosper golf course
  • Whitley Place brings a unique & quiet charm with high end homes
  • Windsong Ranch is widely known for it crystal lagoon swimming pool

Its hard to describe how each neighborhood has its own charm and personality, but we would love to host a zoom session with you or give you an in person tour of Prosper. Either way, we will help you find your new 'forever home'.

4. What is the real estate market like in Prosper?

As of April 2023, the real estate market remains highly desirable. With very little inventory on the market and demand within Deer Valley always in high demand, this has leveled off prices and many move quickly when priced correctly. With only 2.3 months of inventory on the market of 8 days (Source Park City MLS), things remain in very high demand for those lucky enough to own in the area. 

As of Feb 2024, the Prosper real estate market is considered slightly hot. Listings are on a downward trend with homes averaging 46 days on market. Home sellers are getting a good return on their homes, but need to be patient for the right buyer, especially for higher priced homes.

5. What should I look for in a Prosper real estate agent?

When choosing a real estate agent in Deer Valley, it's important to look for someone with experience in the local market, a strong track record of success, and excellent communication skills. Additionally, it's important to find an agent who understands your specific needs and preferences as there are vastly different options throughout the Deer Valley marketplace. Stan & Ben Fisher remain some of the top agents within this particular market on an annual basis with many sales throughout the area and they still hold the record home sale for most expensive single family home sold in the Deer Valley market.

New Construction Homes are a huge part of the Prosper real estate market and you should make sure the agent you select is a new home expert. Our agents are put through an industry exclusive 12 week new home boot camp taught by our broker. These classes ensure you have an agent that understands how to navigate the complex world of helping your family build a new construction home.

When choosing a Prosper real estate agent, it is vital to get a local agent. We use the term hyper-local. Your agent needs to know the local market, have a strong track record of success in Prosper, and know the neighborhoods like the back of their hand. You also need to ensure thier communication skills are top notch. Prosper has many, many agents that claim to be experts in Prosper, but keep in mind very few agents are. We invite you to contact us evaluate our past performance and current skill sets.

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