The Prestonwood housing market is somewhat competitive. The median sale price of a home in Prestonwood was $440K over the last 3 months, up 7.3% since the same period last year. The median sale price per square foot in Prestonwood is $190, down 13.0% since last year.
What is the housing market like in Prestonwood today?
Over the three months ending August 2026, Prestonwood home prices were up 7.3% compared to the same period last year, selling for a median price of $440K. On average, homes in Prestonwood sell after 54 days on the market compared to 59 days last year. There were 53 homes sold in August this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$440,000
+7.3% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
Prestonwood, TX
$440,000
+7.3%
United States
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How hot is the Prestonwood housing market?
Prestonwood is somewhat competitive. Homes sell in 84.5 days.
0
100
43
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 85 days.
Hot homes
can sell for around list price and go pending in around 39 days.
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 - Moderate
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prestonwood has a moderate risk of flooding. 40 properties in Prestonwood are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Prestonwood. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Prestonwood has a minor risk of wildfire. There are 13 properties in Prestonwood that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Prestonwood.
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.