The Prestonwood housing market is very competitive. Homes in Prestonwood receive 1 offers on average and sell in around 19 days. The median sale price of a home in Prestonwood was $725K last month, up 36.8% since last year. The median sale price per square foot in Prestonwood is $282, down 20.3% since last year.
What is the housing market like in Prestonwood today?
In December 2024, Prestonwood home prices were up 36.8% compared to last year, selling for a median price of $725K. On average, homes in Prestonwood sell after 19 days on the market compared to 41 days last year. There were 7 homes sold in December this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$725,000
+36.8% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Prestonwood, TX
$725,000
+36.8%
United States
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How hot is the Prestonwood housing market?
Prestonwood is very competitive. Homes sell in 29 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 29 days.
Hot homes
can sell for around list price and go pending in around 20 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Prestonwood, TX
99.6%
+2.8 pt
United States
Schools in Prestonwood
Learn about schools in the Prestonwood area
Elementary
Middle
High
GreatSchools Rating
9/10
Barksdale Elementary School
Public • K-5
596
Students
11 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Prestonwood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prestonwood.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prestonwood has a minor risk of flooding. 155 properties in Prestonwood are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Prestonwood. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Prestonwood has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prestonwood is most at risk from hurricanes. 2,492 properties in Prestonwood have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 83 mph.