75424 Home Values

While homes across Collin County typically closed in about a month this quarter, sellers in 75424 waited roughly twice as long — a divergence that has held steady for months, based on MLS data for 2026-07 closings in 75424. Price per square foot settled near $177, moderating further from last quarter's reading and remaining well under the county's roughly $203 benchmark. The median sale price, near $380,000, also trailed the county's typical figure by a wide margin. Concessions appeared in nearly two-thirds of closings, with sellers contributing close to $18,800 on average — among the highest rates tracked locally — while buyers still paid sellers roughly 96 cents on the dollar at the table.

Pipeline activity in 75424 continues to diverge from the county pattern. Active listings held at 139 while pending contracts fell to just eight — a sharp pullback from the prior quarter — leaving the ZIP with nearly 12 months of supply, roughly double Collin County's typical pace. New listing activity also slowed, with 71 additions this quarter compared with a fuller pipeline in recent months. The gap between available inventory and committed buyers here remains far wider than the county's broader trend suggests.

The cost sellers paid to close a deal in 75424 climbed sharply this quarter — average concessions reached roughly $18,700 per transaction, up from about $10,600 the prior period, based on MLS data for 2026-06 closings in 75424. Nearly six in ten completed sales included a concession, a rate holding persistently above the county average. Price per square foot eased to around $181, retreating from $193 last quarter and sitting roughly 10% below Collin County's benchmark. Homes that did close averaged about seven weeks on market — slower than the county's five-week pace — and year-over-year values remain deeply negative, reflecting a market still repricing from a prior peak.

Pipeline conditions in 75424 shifted modestly this quarter: pending contracts rose to 18 against 142 active listings, and new listing additions totaled 80. Months of supply pulled back from roughly 17 to about 12.5 — still more than double Collin County's six-month pace, but a directional shift worth noting. The limited sample of 34 closings warrants caution; directionally, the data suggests absorption is beginning to improve, though the supply imbalance remains substantial heading into late summer.

Price per square foot in 75424 climbed to roughly $193 in the most recent quarter — a notable uptick from the trailing-year average near $178 — yet the annual picture shows values down more than a fifth year-over-year, based on MLS data for 2026-05 closings in 75424. The median sale well above Collin County's benchmark reflects a higher price tier, but sellers still gave ground on roughly one in four transactions, closing below ask. Concessions appeared in more than half of completed sales, with average seller contributions near $10,600. Homes that did close averaged about six weeks on market.

With roughly 135 active listings and only 14 pending contracts, 75424 carries nearly 17 months of supply — more than double Collin County's pace. That absorption gap points to sustained buyer leverage heading into summer. New listing activity added 76 properties over the quarter, widening the stock-to-contract imbalance further. The limited sample of 24 closings suggests directional caution, but the pipeline data consistently signals a market where available homes significantly outnumber committed buyers.