75071 Home Values

Roughly four in ten closed sales in 75071 settled below the original asking price this quarter, based on MLS data for 2026-08 closings in 75071, extending a pattern of buyer-side discounting that has held steady since spring. Price per square foot came in just under $200, little changed from last month and still trailing Collin County's reading near $203, while median sale prices held near $450,000. Sellers collected nearly 98 cents on the dollar at closing, a slight gain from July, even as nearly two-thirds of transactions carried some concession, though the average give-back eased to roughly $11,400 from the low-$13,000s seen earlier this summer. Prices remain below year-ago levels, though the gap narrowed slightly from last month.

Active inventory in 75071 held near 1,200 listings against just 80 pending contracts, extending a pullback in contract activity that began this summer and leaving a wide gap between supply on the market and demand converting into deals. New listings, at just under 1,000 for the quarter, continued to outpace pending volume by a wide margin. Months of supply crept up to a bit over five, though that remains tighter than Collin County's reading near six, a signal that whatever room buyers are gaining locally still lags what's available across the county as a whole.

Closed sales in 75071 took 37 days to reach the closing table this quarter, four days longer than the Collin County median of 33 — a gap that stands out given how closely the two markets track on price. Based on MLS data for 2026-07 closings in 75071, price per square foot held near $199, just under the county's $203, while median sale prices settled around $448,000. For a second straight month, prices ran below year-ago levels, with the year-over-year gap widening slightly to roughly six percent. Concessions remained more common locally than countywide — nearly two-thirds of 75071 transactions included a give-back, versus about six in ten across Collin County.

Pending contracts in 75071 fell sharply this quarter, dropping to roughly 140 after running near 320 a month earlier, even as new listings held above 1,000 and active inventory stayed close to 1,150. The zip's months of supply, at just over five, continues to run tighter than Collin County's broader reading of roughly six — a gap that has held for multiple months even as the pending pullback introduces a new source of uncertainty about how long that tighter supply picture can persist.

Homes in 75071 are reaching the closing table a week faster than they did a year ago — 39 days at close versus 46 in the trailing-year window — a meaningful acceleration that suggests the market is absorbing supply more efficiently than the broader numbers might imply. Based on MLS data for June 2026 closings in 75071, price per square foot held at $200 while median sale prices settled near $448,000, down roughly 5% year-over-year. Sellers collected about 97 cents on the dollar at closing, a slight improvement from the trailing-year figure, though nearly two-thirds still granted concessions averaging roughly $13,000. Only about one in ten transactions closed above list price.

Active listings in 75071 are running nearly even with new listings added over the trailing quarter — just over 1,100 on each side — while pending contracts stand at roughly 320, pointing to a supply pipeline that continues to outpace absorption. Months of supply sits near five and a half, a full month below Collin County's reading of about six, suggesting 75071 is clearing listings faster than the county at large. The gap between new listing volume and pending count signals that selectivity remains high heading into the second half of the year.