75023 Home Values

Under a third of homes in 75023 sold below list this quarter — down from better than four in ten across the trailing year — alongside a valuation base still holding near $220 per square foot, on par with a month earlier. Based on MLS data for July 2026 closings in 75023, the median sale price reached just under $482,000, its strongest quarterly reading since the correction that began earlier this year; on a trailing 12-month basis, values remain a few percent below year-ago levels, but that gap has narrowed for a third straight month. Sellers are collecting close to full asking price, and concessions touched a bit more than half of transactions, averaging near $8,400.

Months of supply in 75023 climbed to 4.5 this quarter, crossing the four-month line that separates seller-favored conditions from buyer-favored ones, up from 3.7 a month earlier. Active inventory has held near 200 homes for several months running, but new listings continue arriving well ahead of pending contracts, keeping the pipeline loose rather than tightening it. Time on market kept compressing even so, a signal that hasn't caught up yet with the looser supply math building underneath it.

At roughly $219 per square foot, 75023 is holding its valuation above the broader Collin County average, where the same metric runs closer to $200. Based on MLS data for June 2026 closings in 75023, median sale prices have stabilized just under $455K — a modest recovery from the trailing-year figure, though the zip is still about five percent off its year-ago level. Sellers are receiving close to 98 cents on the dollar, a noticeably tighter list-to-sale gap than what the county is posting. About half of transactions included seller concessions averaging roughly $8,000, suggesting some negotiating room persists even as valuation holds firm.

The pipeline in 75023 is running considerably tighter than the rest of Collin County. With months of supply at 3.7 — well below the county's 6.1 — and homes clearing the market in roughly 20 days compared to 37 days countywide, demand absorption here is moving at a different pace than surrounding submarkets. Active inventory has held flat while pending activity relative to new listings points to continued absorption pressure in the near term.

Prices in 75023 have pulled back meaningfully over the past year. Based on MLS data for May 2026 closings in 75023, the median sale price is settling just under $445K — off roughly seven and a half percent from twelve months prior, the sharpest movement in the data set. That said, the zip isn't oversupplied: available homes represent only about three and a half months of demand, and more than half of sellers are still offering concessions averaging roughly $8,500. Sellers who price to the current market are capturing nearly 98 cents on the dollar, pointing to a zip where valuation discipline matters more than it did a year ago.

If you're thinking about selling in 75023, the key lever right now is your initial list price. Year-over-year values have declined noticeably, and buyers in this zip are well-informed — nearly half of recent sales closed below list. Have a current CMA done with comps from the last 60 days, not the last year. Sellers who price to today's market are still landing close to ask; those anchored to last year's numbers are the ones leaving concessions on the table.