75407 Home Values

A quarter of 415 closings in 75407 — among the heaviest three-month totals the zip has logged — puts this month's price signals on firmer footing than usual, based on MLS data for 2026-07 closings in 75407. Price per square foot held essentially flat near $158, a modest tick up from the roughly $156 mark of the prior two months, even as the median sale price slipped just under $291,000. Sellers continued absorbing meaningful give-backs at the table: concessions still touched more than eight in ten transactions, with the average concession settling near $10,400, and roughly half of closings still finished below list. Prices remain down about 9 percent from a year earlier.

The pipeline turned over sharply this quarter: pending contracts in 75407 fell to roughly 66, down from more than 160 just a month prior, even as new listings continued arriving at a pace of about 700 for the quarter and active inventory held steady near 900. That combination — steady supply, thinning contract activity — pushed months of supply to roughly six and a half, keeping the zip solidly in buyer-favoring territory. Time on market crept up slightly, a sign the slowdown in pending activity has not yet resolved toward faster turnover.

While Collin County's median price per square foot held near $200 in the latest quarter, 75407 came in roughly 22 percent below that benchmark at $156 — and based on MLS data for 2026-06 closings in 75407, the concession picture diverges even more sharply from county norms. Nearly nine in ten completed sales in 75407 included seller concessions, with the average concession climbing to nearly $11,000, compared to roughly six in ten sales countywide. Sellers in 75407 absorbed roughly three cents on the dollar at closing, slightly better than the trailing annual average, though about half of transactions still closed below list.

The pipeline in 75407 shows roughly 870 active listings against a pending count of about 165 — a supply-to-demand imbalance that mirrors the broader Collin County supply picture but with notably slower absorption given the market's lower price tier. New listing activity in 75407 has outpaced pending contracts by more than four to one, and with months of supply holding near six, conditions remain favorable for buyers relative to the county's pace. The DOM trend, steady near 38 days, has shown no sign of tightening.

Price per square foot in 75407 settled near $156 in the most recent quarter, trailing the trailing-12-month average of $160 and extending a year-over-year price decline of roughly 10 percent — based on MLS data for 2026-05 closings in 75407. Nearly nine in ten completed sales involved seller concessions, with the average concession approaching $10,000, signaling that sellers have been absorbing meaningful closing costs to clear inventory. Homes closed at approximately 97 cents on the dollar, a slight improvement from the annual average, though more than half of closed transactions finalized below list price.

With active inventory holding near 770 homes and new listings running at roughly 200 per month against a pending count of just 156, the pipeline in 75407 points toward continued buyer leverage heading into summer. Months of supply have widened to about 6.3 — above the level that typically signals a buyer-favoring environment — and the ratio of new listings to pending contracts suggests absorption remains sluggish. The DOM trend, holding near 38 days, shows no sign of the market tightening.