Collinsville Home Values

Sellers in Collinsville closed out the quarter conceding more ground than the trailing annual pattern suggests: just over half of the quarter's roughly two dozen transactions sold below list price, up from about four in ten over the past year, while sellers collected roughly 94 cents on the dollar, a touch below the 12-month average near 96 cents. Price per square foot held essentially flat near $205, in line with the annual figure, even as the median sale price settled near $330,000, well under the trailing annual mark near $428,000. Concessions appeared on about one in four sales, little changed from the past year, though days on market stretched further, based on MLS data for 2026-09 closings in Collinsville.

Active inventory in Collinsville held steady near 84 listings while pending contracts thinned to just a few homes, extending a stretch of contracting pipeline conversion running several months now. Months of supply eased slightly to roughly ten but remains far above the four-month line associated with balanced conditions, a reading that tracks closely with Grayson County's own elevated supply level near twelve months. New listings arrived at a pace modestly below the trailing annual norm, adding limited fresh competition into a market where contracts in progress remain scarce relative to what's already on the shelf.

A modest uptick in closings — roughly twenty-five sales in the latest quarter, just ahead of the trailing annual pace — arrives even as the homes involved took distinctly longer to reach the closing table, with days on market stretching to nearly 100 versus roughly 84 across the past year. Price per square foot held essentially flat near $205, matching the annual mark, while the median sale price eased slightly to around $420,000, with year-over-year appreciation still near 12 percent. Sellers received roughly 94 cents on the dollar at closing, just below the annual average near 95 cents, and concessions appeared on about one in four closed deals, based on MLS data for 2026-08 closings in Collinsville.

Months of supply in Collinsville eased slightly to just over nine, still nowhere near the four-month line that would signal balanced conditions. Beneath that broad figure, the mismatch driving it has only sharpened: active listings held near 76 while pending contracts fell to just a couple of homes, extending a pipeline gap that first showed up last month. New listings continued arriving at a pace matching the past year, adding supply into a market that isn't absorbing it at anywhere near that rate — a pattern that points toward further loosening in near-term conditions rather than a quick turn.

Based on MLS data for 2026-07 closings in Collinsville, price per square foot held near $255 — still well above the trailing annual mark of roughly $205, though the figure has eased over the past two quarterly readings. With well under thirty closings behind this quarter's read, the limited sample suggests directional rather than definitive movement: the median sale price near $470,000 stands well above the annual figure around $428,000, with year-over-year appreciation near 13 percent. Sellers received roughly 97 cents on the dollar, an improvement over the annual average near 95 cents, while the concession rate eased to about one in five deals from roughly one in four, though concessions that did happen ran larger, near $7,600 on average.

Pending contracts in Collinsville have thinned sharply, with roughly six homes under contract now against a trailing annual norm near fifty — even as active inventory has held essentially flat near 80 listings. New listings continued arriving at a pace similar to the past year, and months of supply near nine tracks the elevated, well-above-four-month backdrop seen across Grayson County as a whole. The widening gap between listings on the market and contracts in progress suggests the pipeline is emptying faster than it is refilling, a pattern that, given the market's size, bears watching before firmer conclusions can be drawn.