Location – McKinney, Texas Housing Market Trends

2025 Update

McKinney continues to attract homebuyers with its family-friendly neighborhoods, strong schools, and growing amenities. Here’s the latest snapshot of the market:

Median Home Prices

  • Median Listing Price: Around $529,900 [realtor.com]
  • Median Sold Price: Approximately $500,000 [realtor.com]
  • Average Home Value: About $484,464, down 5.6% year-over-year [zillow.com]
  • Recent Median Sale Price: $482,500, slightly down YoY [redfin.com]

Price Ranges

  • Entry-Level Homes: Starting near $115,000 for small lots or older homes [realtor.com]
  • Typical Single-Family Homes: $400,000 – $800,000
  • Luxury Properties: $1M+ in neighborhoods like Stonebridge Ranch; some listings exceed $14M [realtor.com]

Neighborhood Highlights

  • Stonebridge Ranch: Median listing price ~$649,000
  • Westridge: Median listing price ~$499,500
  • Craig Ranch: Median listing price ~$485,000 [nitinguptadfw.com]

Market Trends

  • Homes sell 2–3% below list price on average.
  • Days on Market: 43–62 days, up slightly from last year, signaling a more balanced market. [redfin.com], [orchard.com]
  • Inventory is increasing, giving buyers more options and reducing bidding wars. [orchard.com]

Why McKinney Stands Out

  • Expanding luxury developments and master-planned communities.
  • Excellent schools and safe neighborhoods.
  • Growing job opportunities and proximity to major highways.