75002 Home Values
75002 Market Snapshot
| Active 381 listings | New 75 30 days | Closed 47 30 days | Pending 9 30 days | Supply 5.7 months | Absorption 9.4% monthly | Over List 0.9% sold above | Under List 40.5% sold below | Concessions 51.2% % of solds | Avg Concession $8,586 seller paid |
Source: NTREIS MLS • Excludes leases • Sep 2026
75002 Market Trends
Allen Holds Steady While Lucas Estates Climb
This zip code splits cleanly between Allen's established subdivisions and Lucas's acreage properties. Allen's core -- Bethany Lake Estates, Cottonwood Bend, Lost Creek Ranch -- is dominated by single-story brick homes built between 1995 and 2005 on standard suburban lots, mostly three and four bedrooms with two-car garages. East of 75, newer townhome product has appeared near the schools. Cross into Lucas and the landscape changes completely: custom homes on one to five acres, horse properties with stables, long driveways, and Lovejoy ISD addresses that command a serious premium. A handful of newer Allen townhome communities add density near Highway 75.
Collin County's median price per square foot sits near $201, while 75002 closed at roughly $224, a premium of about 11 percent that has widened since last month, based on MLS data for September 2026 closings in 75002. Homes here sold in about a month, roughly a week faster than the county's pace, though that lead has narrowed from the three-week stretch earlier this summer. Sellers kept close to 98 cents on the dollar at the table, ahead of the county's 97 cents, and fewer than half of deals carried a concession, well below the county's roughly six in ten.
Pending contracts in 75002 slid to roughly 40, extending a decline that began in spring, while active inventory held near 400 homes. Collin County shows a similar split, with about 700 pending contracts set against more than 10,000 active listings, but the ZIP's supply of just over five months remains tighter than the county's six-plus. New listings eased to about 315 for the quarter, a softer pace than August, and a typical time on market lengthening to about a month hints that momentum in 75002 is moderating.
Market Updates
Collin County's median price per square foot sits near $201, while 75002 closed at roughly $224, a premium of about 11 percent that has widened since last month, based on MLS data for September 2026 closings in 75002. Homes here sold in about a month, roughly a week faster than the county's pace, though that lead has narrowed from the three-week stretch earlier this summer. Sellers kept close to 98 cents on the dollar at the table, ahead of the county's 97 cents, and fewer than half of deals carried a concession, well below the county's roughly six in ten.
Pending contracts in 75002 slid to roughly 40, extending a decline that began in spring, while active inventory held near 400 homes. Collin County shows a similar split, with about 700 pending contracts set against more than 10,000 active listings, but the ZIP's supply of just over five months remains tighter than the county's six-plus. New listings eased to about 315 for the quarter, a softer pace than August, and a typical time on market lengthening to about a month hints that momentum in 75002 is moderating.
Homes in 75002 took a little longer to close this quarter, averaging about 24 days from listing to contract — up from the three-week pace that held through June and July, based on MLS data for August 2026 closings in 75002. Price per square foot nonetheless kept climbing, reaching roughly $219 and extending a run that has outpaced the trailing-year average near $216. Sellers still held firm ground at the table: list-price attainment rose to nearly 98 cents on the dollar, even as just over half of transactions carried a concession, averaging close to $8,900. The year-over-year price comparison remains modestly negative, a gap that has held steady rather than widening further.
Active inventory in 75002 held essentially flat near 410 homes this quarter, but the contracts behind it kept thinning — pending activity fell again, extending a slide that has run since spring. New listings kept arriving at a steady pace, near 360 for the quarter, so the pipeline isn't short on supply; it's short on contracts converting from it. Months of supply eased slightly to just under five, keeping the market on the tighter side of balanced, though the widening gap between listings and pending activity suggests the quick-turnover pace of recent months may cool before year's end.
A surge of closings — 241 in the trailing quarter — puts more weight behind price signals in 75002 than in recent months, based on MLS data for July 2026 closings in 75002. Price per square foot held essentially flat at $216, a modest premium over the year-ago pace near $215. Sellers continued to close deals quickly, with the typical sale wrapping in about three weeks, matching last month's tightened pace. List-price attainment ticked up to roughly 98 cents on the dollar, and while just over half of transactions still involved a concession, that share edged higher rather than easing. The year-over-year price trend remains modestly negative, though the gap has held steady rather than widening.
Pending contracts in 75002 fell sharply this quarter, dropping to roughly 70 after running near 130 in the prior period — even as active inventory held steady near 400 homes for a second straight month. That combination is unusual for a market where homes have continued moving quickly once under contract, and it suggests near-term momentum may not keep pace with recent turnover speed. Months of supply eased slightly further to about five, keeping conditions on the tighter side of balanced. New listing activity stayed elevated, keeping active inventory from drawing down despite the softer pace of contract signings.
While Collin County's trailing-quarter closings averaged nearly six weeks on market, homes in 75002 closed in roughly three weeks — a pace nearly 40 percent faster than the county benchmark, based on MLS data for June 2026 closings in 75002. Price per square foot landed at $215, a meaningful premium over the county's $201. Sellers in 75002 also held firmer at the table: list-price attainment came in near 98 cents on the dollar — well above the county's 97 cents — and the concession rate, while still elevated at more than half of transactions, ran noticeably below Collin County's nearly two-thirds. The ZIP's year-over-year price trend remains modestly negative, but the gap with the county average has narrowed.
Supply dynamics in 75002 diverged from Collin County's broader picture heading into summer. Active listings climbed to roughly 400 homes — a 26 percent rise from last quarter's count — while pending contracts slipped to about 130, compressing the absorption rate. Months of supply eased to about five and a half, slightly tighter than the county's six-plus months, suggesting 75002 retains a marginal supply edge over surrounding submarkets even as inventory expands. New listing arrivals tracked at a pace roughly double the prior quarter, keeping the pipeline well-stocked.
Days on market in 75002 have stretched to roughly six weeks at close — up sharply from the annual pace of about a month — signaling a notable deceleration in deal velocity, based on MLS data for May 2026 closings in 75002. Price per square foot settled near $212, modestly below the trailing-year average. Sellers received about 96.6 cents on the dollar at closing, and more than half of buyers negotiated prices below list — a meaningful shift from the prior year's rate. Concession activity also climbed, with nearly half of transactions involving seller concessions averaging just over $9,000.
The pipeline in 75002 reflects the same deceleration visible in closings. With roughly 190 new listings arriving against only 137 pending contracts in the trailing quarter, supply continues to outpace absorption. Active inventory sits at 313 homes and months of supply has extended to about six and a half months — well into buyer-favoring territory. Unless pending activity accelerates meaningfully, the widening gap between new listings and contract activity suggests market pace in 75002 is unlikely to tighten in the near term.
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Market data last updated Oct 1, 2026, 6:00 AM CDT · Editorial updated Sep 29, 2026, 3:28 AM CDT
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