Collin County Market Update

Collin County Market Update

A balanced market takes shape as inventory rises and prices normalize.

Note: Housing data is reported after the close of each month. October statistics reflect the most recent complete MLS data available as of early November. We wait for MLS verification so you get accurate, finalized numbers — not estimates.

📈  Market at a Glance

Quick Stats:

• Median resale price: $485,000 (⬇ 6%)
• Average days on market: 42 days (⬆ 11 days)
• Inventory: 5 months (⬆ +1.1 months)
• Homes for sale: 4,317 (⬆ 24%)
• New construction median: $448,236 (⬆ 5.5%)

🏠  Resale Homes:

Softer Prices, Slower Pace

After several years of high-speed growth, resale homes across Collin County are cooling to a more balanced rhythm.

The median resale price dipped from $515,000 → $485,000 (–6%), and the average sale price slid from $600,872 → $563,802 (–6%)

Buyers are closing at roughly 95% of asking price — proof that negotiation is back.

Sellers are pricing closer to market reality, with original list prices barely changing year-over-year. Yet buyers are taking more time: median Days on Market rose from 31 to 42, and total inventory expanded from 3.9 → 5 months.

There are simply more homes to choose from — listings jumped 24%, while pending sales fell 32%.

This doesn’t mean demand disappeared; it means buyers finally have leverage and choice.

🧱  New Construction:

Builders Stay Busy

New-builds continue to hold steady momentum.

The median price climbed from $425,000 → $448,236 (+5.5%), while the average jumped 17% due to more luxury product hitting the market.

Builders are adjusting list prices and boosting incentives — think rate buy-downs, appliance packages, and closing cost credits — to keep traffic moving.

Inventory increased 44% (1,588 → 2,290 homes), but pending sales also rose 11% and closings rose 9%, showing that buyers are responding.

Homes are selling at about 92% of list price, which is typical for a healthy, balanced construction market.

💡  What It All Means

💼 For Sellers:

Price with precision — within 2–3% of the most recent comparable sales.

A home that’s clean, pre-inspected, and well-marketed still moves fast.

Buyers are shopping smarter, so presentation and condition win the day.

🔑 For Buyers:

You have options again.

Use the extra time to negotiate smart terms and focus on monthly payment, not just sticker price.

Ask lenders about temporary rate buy-downs to stretch your budget further.

💰 For Investors:

Collin County’s fundamentals — population, jobs, and schools — remain strong.

Even with slight short-term adjustments, the long-term outlook points to steady appreciation and reliable demand.

🏁  Bottom Line

Collin County is finding its equilibrium.

Resale prices are down ~6%, inventory is up 24%, and homes are taking a few extra weeks to sell.

For homeowners, this is a moment to price intelligently and stand out.

For buyers, it’s a window to enter the market without the frenzy of the past few years.

📬   See What These Numbers

Mean for  YOU

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DISCLAIMER: 
Data Source: NTREIS MLS — Collin County Residential Market Stats, October 2024 vs October 2025.
All information deemed reliable but not guaranteed.

📞 Call or Text: (469) 499-7452
📧 Email:  cindycoggins@kw.com