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.