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Lavon Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price down 23.8% to $304,568
• Closed sales up 38.5% YoY
• Homes selling in just 84 days — down 48 days YoY
🏠 Home Prices: Big Drop, Strong Activity
The median home price in Lavon fell to $304,568 in April 2025 — a steep 23.8% year-over-year decline. Despite the drop, demand appears to be climbing as affordability draws more buyers to this growing Collin County suburb.
📈 More Closings, Fewer Listings
Closed sales jumped to 18 (▲ 38.5% YoY), while active listings dropped to just 68 (▼ 29.2%). Months of inventory fell to 3.5, showing a competitive market with limited supply.
⏱ Faster Sales in 2025
Days on Market: 58 (down 40 days YoY)
Days to Close: 26 (down 8 days)
Total Transaction Time: 84 days (down 48 days YoY)
Other metrics include a median price per square foot of $188.20 (▼ 0.2%), a median home size of 1,605 sq ft, a median year built of 2025, and a close-to-original list price ratio of 96.2%.
What Sellers Need to Know
- ✅ Prices have dipped: Median values are down nearly 24% YoY — be realistic with pricing.
- ✅ Homes are selling faster: Total time from list to close dropped by 48 days.
- ✅ Inventory is tight: Active listings are down nearly 30%, giving well-prepped homes an edge.
- ✅ Buyers are serious: Close-to-list ratio is strong at 96.2% — expect offers near asking when priced right.
- ✅ New homes dominate: Median year built is 2025 — builders are leading the market.
What Buyers Need to Know
- ✅ Great time to buy: Prices are down, but homes are moving faster — don’t wait too long.
- ✅ Inventory is shrinking: Active listings are limited — be ready when the right home hits.
- ✅ New construction options: Most homes on the market are brand new or recently built.
- ✅ Efficient process: Transaction times have dropped significantly — prepare to close in under 3 months.
- ✅ Value per square foot is stable: Price per sq ft is holding near flat — strong value for new homes.
📍 Market Updates by City
Click your city to explore local market trends, including pricing shifts, inventory changes, and what it means for buyers and sellers.
© 2025 Texas REALTORS® – Data used in this report come from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTORS® and local REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University.
