75166 Home Values

For the first time in several months, days on market in 75166 tightened rather than held flat: closed sales wrapped in roughly 66 days this quarter, down from the low-70s pace reported this spring, based on MLS data for 2026-07 closings in 75166. Price per square foot landed near $168, essentially unchanged and still trading below the year-ago run rate that has median values off by roughly nine percent over the past twelve months. Sellers continued conceding ground — concessions touched nearly nine in ten transactions, though the typical giveback narrowed slightly — while just over six in ten sales still closed under asking.

The gap between active and pending activity in 75166 widened again this quarter: roughly six listings now sit active for every one under contract, a wider spread than the three-to-one split seen earlier this year. New listing flow held above its typical monthly pace, adding further supply even as the pending count thinned. Months of supply held near five, a step tighter than Collin County's broader six-month reading, suggesting the widening local gap reflects softer absorption rather than a shift in overall inventory levels.

While Collin County sellers gave ground on roughly six in ten transactions this quarter, 75166 recorded concessions on nearly nine in ten — a gap that underscores how differently this market is trading relative to its county backdrop. Price per square foot in 75166 came in about seventeen percent below the county benchmark, with closed values settling near $167 per square foot, based on MLS data for 2026-06 closings in 75166. Median values have declined roughly eight percent year over year, and nearly two-thirds of transactions settled below asking price — a pattern that confirms sellers here are absorbing more pressure than the county-wide data suggests.

The supply gap in 75166 tells a nuanced story compared to Collin County's broader softening: while the county is carrying about six months of supply, 75166 is running closer to five — a tighter read that would normally signal seller strength. Yet active listings are running nearly three times the pending count, suggesting absorption remains deliberate rather than competitive. New listing flow held steady, continuing to add optionality to the buyer pool without triggering the kind of pending surge that would signal a shift.

Price per square foot in 75166 held at roughly $167 through the latest quarter — unchanged from the trailing year — but that stability sits atop a market that has surrendered nearly eight cents on the dollar in median value over the past twelve months, based on MLS data for 2026-05 closings in 75166. Sellers conceded at the negotiating table on more than nine in ten transactions this quarter, with buyers walking away from the typical deal having received modest relief. Homes spent about 72 days from list to close, and nearly seven in ten transactions settled below asking price, confirming that buyers carry meaningful leverage at the contract stage.

The supply picture in 75166 leans toward equilibrium on paper — roughly five months of inventory — but the gap between active listings and pending contracts tells a more cautious story. With pending activity representing only about a third of the active count, absorption is measured rather than brisk. New listing flow continued at a pace that maintains buyer optionality heading into summer, and the pipeline does not yet show the kind of pending surge that would signal a rapid shift in conditions.