75002 Home Values
75002 Market Snapshot
| Active 407 listings | New 123 30 days | Closed 80 30 days | Pending 14 30 days | Supply 5.1 months | Absorption 17.2% monthly | Over List 1.2% sold above | Under List 42.6% sold below | Concessions 51.4% % of solds | Avg Concession $8,211 seller paid |
Source: NTREIS MLS • Excludes leases • Jun 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.
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.
Market Updates
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 Jul 1, 2026, 6:00 AM CDT · Editorial updated Jun 27, 2026, 11:07 AM CDT
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