Princeton TX Housing Market Update: February 2026 Trends

Princeton TX Real Estate Market Cooling: February 2026 Update

The Princeton, TX housing market is undergoing a significant rebalancing in early 2026, with year-over-year price declines ranging from 2.7% to 13.8% across different measurement methodologies. This cooling trend presents unique opportunities for buyers while requiring adjusted strategies from sellers.

Key Market Indicators

• Median Home Prices: $319,900–$326,990 (varies by source)
• Year-over-Year Price Change: -2.7% to -13.8%
• Days on Market: 76–78 days (up from 47–70 days in 2025)
• Sales-to-List Price Ratio: 96–97%
• Price per Square Foot: $156–$174 (down 4.3% to 6.32%)

Inventory and Sales Dynamics

The market has seen substantial inventory growth with:

• 1,292 active listings (31.64% year-over-year increase)
• 5.09% month-over-month listing growth
• 102 homes sold in January 2026 vs. 70 in January 2025

Rental Market Trends

Princeton's rental market shows:

• 37.63% year-over-year inventory growth
• 812 available rental units
• Median rent prices declined 5.05% to $1,999–$2,160/month
• Quick absorption (listings filling in less than a week)

What This Means for Buyers

The current Princeton market conditions favor buyers with:

1. Increased Negotiating Power: Longer market times give buyers more leverage
2. More Options: Expanded inventory provides greater selection
3. Improved Affordability: Lower prices and price-per-square-foot metrics
4. Near-List-Price Opportunities: 96–97% sales-to-list ratios mean realistic pricing

For those considering purchasing, our home buying guide provides valuable insights into navigating this shifting market.

Seller Strategies for 2026

Sellers need to adapt to current conditions by:

• Pricing Realistically: Homes priced correctly still achieve 96% of asking price
• Preparing for Longer Timelines: Average 76–78 days on market requires patience
• Highlighting Unique Features: Princeton's tree-lined neighborhoods and top-rated schools remain strong selling points
• Considering Pre-listing Improvements: Minor upgrades can help stand out in increased inventory

Learn more about selling in today's market with expert strategies from Melissa Weiner.

Princeton's Position in North Dallas

Princeton maintains strategic advantages in Collin County with:

• Convenient access to employment centers
• Highly-rated school districts
• Family-friendly parks and amenities
• Historic neighborhood charm

These fundamentals continue to attract buyers despite market fluctuations, particularly those looking for value relative to peak 2025 pricing.

Frequently Asked Questions

How much have Princeton home prices dropped? Prices have declined 2.7% to 13.8% year-over-year depending on measurement methodology, with median prices currently between $319,900 and $326,990.

Is Princeton a buyer's market now? The market has shifted toward balance with advantages for buyers, including more inventory (31.64% increase) and longer market times (76–78 days) creating negotiation opportunities.

Are rents decreasing in Princeton? Yes, median rents have declined 5.05% year-over-year to $1,999–$2,160/month with 37.63% more rental inventory available.

How long does it take to sell a home in Princeton? Currently 76–78 days on average, up from 47–70 days in the previous year.

Conclusion

The Princeton, TX housing market in February 2026 shows clear signs of rebalancing, with cooling prices, expanded inventory, and longer market times creating new dynamics for both buyers and sellers. While the area maintains its fundamental appeal with excellent schools and convenient location, participants in the market must adjust their expectations and strategies accordingly.

For personalized guidance navigating Princeton's evolving real estate landscape, contact Melissa Weiner, your trusted real estate agent in North Texas.

Sources & References

• HomesandNews Princeton Market Data
• [real estate agent.com Collin County Market Snapshot](https://www.real estate agent.com/local/market/texas/collin-county/princeton)
• Redfin Princeton Housing Analysis
• Zillow Princeton Home Values
• HAR.com Historical Price Trends