If you’ve been thinking about buying a home in the Dallas area, this might be your moment.

One of the biggest surprises in 2026? Home prices in Plano have taken a noticeable dip—making it one of the top five cities in the country with the largest price drops this year.

Plano Home Prices Are Down—Here’s What We’re Seeing

Recent data shows that home values in Plano have dropped about 5.1% compared to last year. That’s a decrease of nearly $30,000.

• 2025 average home value: $528,510
• 2026 average home value: $501,564

That’s a pretty big shift, especially for a city that’s been known for steady growth and strong demand.

According to a study by SmartAsset using data from Zillow, Plano ranked #5 in the U.S. for the largest one-year home price decline.

Other cities on that list include:

• Oakland, CA
• St. Petersburg, FL
• Naples, FL
• Austin, TX

The Bigger Picture: DFW Home Prices Are Cooling

Plano isn’t the only place seeing changes. Across the Dallas-Fort Worth area, home prices have been easing since 2024.

Here’s a quick look at what’s happening in nearby cities:

Dallas

• Down 3.79% year over year
• $317,550 → $305,523

Arlington

• Down 3.41%
• $318,649 → $307,792

Fort Worth

• Down 3.08%
• $305,236 → $295,822

So yes—prices are coming down a bit. But let’s not forget…

Prices Are Still Higher Than Pre-Pandemic Levels

Even with recent drops, home values are still way up compared to a few years ago.

• DFW home prices are over 32% higher than they were in 2021
• In Plano, prices are about 44% higher than 2019 levels

So while buyers are getting some relief now, the long-term trend is still upward.

What This Means for Buyers

Let’s keep it real—this is the kind of market buyers have been waiting for.

Right now, you may see:

• More homes to choose from
• Less pressure to rush into offers
• Better chances to negotiate price and closing costs

But don’t get too comfortable…

As we move into the busy spring and summer months, more sellers tend to list their homes. That can bring more competition back into the market.

What’s Happening Nationwide?

This isn’t just a Texas thing.

Across the U.S., home prices dipped slightly overall between 2025 and 2026.

• Average home values dropped about 1.04% nationwide
• Around 70% of major cities saw price declines

At the same time, some cities are still seeing prices go up—so the market really depends on location.

Final Thoughts

The Dallas market is shifting, not crashing.

Prices coming down in places like Plano is giving buyers a window of opportunity—but it doesn’t mean homes are suddenly “cheap.” It just means things are balancing out.

If you’ve been sitting on the sidelines waiting for the right time, this could be your sign to start paying attention again.

Sources

• SmartAsset
• Zillow