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By the Numbers

Real Estate Market Update

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Lucas, TX

MEDIAN SALES PRICE

$1,271,297

MEDIAN SALES PRICE

CLOSED SALES

8

CLOSED SALES

ACTIVE LISTINGS

67

ACTIVE LISTINGS

MONTHS INVENTORY

4.2

MONTHS INVENTORY

Lucas, TX Market Snapshot – October 2025

Latest Update: November 2025

📊 Key Highlights This Month:
• Average sales price: $1,271,297 (▲ 29.6%)
• Average price per square foot: $267 (▲ 0.4%)
• Average days on market: 96 (▲ 118.2%)
• Sale-to-original list price: 90.2% (▼ 5.6%)
• Months of inventory: 4.8 (▼ 17.2%)
• Homes for sale: 67 (▼ 4.3%)
• Closed sales: 8 (▼ 46.7%)

🏠 Luxury Prices Surge, Buyer Urgency Drops

Lucas saw a dramatic rise in pricing this October, with the average sales price reaching $1,271,297, a 29.6% increase year over year. However, buyers are taking more time—homes averaged 96 days on market, nearly doubling over last year. The average sale-to-list ratio dipped to 90.2%, signaling greater buyer leverage at higher price points.

📉 Inventory Shrinks as Listings Rise

Despite a 57.1% jump in new listings, overall inventory decreased 4.3% and months of supply fell to 4.8. Demand softened, with pending sales down 25% and closed sales cut nearly in half. These mixed signals suggest buyers are being cautious while sellers adjust to longer market cycles.

⏱ Patience and Strategy Are Key

Lucas remains a high-value market, but longer timelines and deeper negotiations mean sellers and buyers alike need to lean into data-driven strategy and market timing to make confident moves.

What Sellers Need to Know

  • Homes are taking longer: With an average of 96 DOM, patience is key.
  • Expect deeper negotiations: Homes are closing at 90.2% of original list price—pricing right matters.
  • Less inventory, more selectivity: Buyers are active but selective, especially at luxury price points.
  • Presentation is everything: High-end homes need professional marketing to stand out.
  • Lean on expertise: Work with agents like Cindy and Cory Dunnican who understand land and luxury markets.

What Buyers Need to Know

  • Pricing power has shifted: With lower sale-to-list ratios, now’s a good time to negotiate.
  • More listings to choose from: Fresh inventory is up 57.1%—take time to find the right fit.
  • Longer timelines: Homes are staying on the market longer—use this to your advantage.
  • Be prepared for premium features: The average price is up sharply, but many homes justify it with space, land, and upgrades.
  • Work with local experts: Lucas is a unique market—partner with agents who know the land, lot sizes, and custom builder dynamics.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), October 2025. Data deemed reliable but not guaranteed.

 

📍 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.

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Lucas Real Estate Overview

Luxury Living, Wide Open Spaces, and Top-Rated Schools in Collin County

About Lucas, TX

Tucked in the heart of Collin County, Lucas is North Texas’s hidden gem for luxury acreage living with easy access to modern conveniences. Located just minutes from Allen, Fairview, and McKinney, Lucas offers a rare blend of space, serenity, and top-tier schools—making it a go-to destination for buyers who want room to breathe without giving up proximity to shopping, dining, and daily needs.

Lucas is best known for its access to Lovejoy ISD, one of the highest-performing public school districts in Texas. With small class sizes, award-winning academics, and a strong emphasis on enrichment and community engagement, Lovejoy ISD draws families who prioritize education and involvement.


Homes and Land for Sale in Lucas, TX

The Lucas real estate market is tailor-made for buyers seeking custom homes, privacy, and acreage. Unlike more densely developed suburbs, Lucas offers fewer rooftops, more trees, and homes that feel like private retreats.

Common property types in Lucas include:

  • Luxury estates on acreage, often gated and outfitted with guest quarters, pools, barns, or equestrian amenities

  • Custom-built homes with distinctive architecture, energy-efficient features, and lifestyle-oriented layouts

  • Gated communities like Broadmoor Estates and Edgewood, offering larger lots, luxury finishes, and exclusivity

  • Equestrian properties, ideal for horse owners and hobby farmers, with space for barns, arenas, and pastureland

  • Build-ready land tracts, where buyers can craft their dream home with fewer restrictions and builder flexibility

Whether you're planning a multi-generational estate, building a custom home, or seeking a peaceful place to unwind, Lucas offers a lifestyle rooted in space, quality, and long-term value.


Why Buyers Choose Lucas

Lucas strikes a rare balance: rural ambiance with suburban access. Buyers are drawn to the area’s scenic landscapes, strong community values, and the freedom to live life on their own terms—whether that means gardening, keeping animals, working from home, or just enjoying a peaceful night under the stars.

What makes Lucas stand out:

  • Top-rated schools through Lovejoy ISD

  • Larger lots, often with mature trees, open views, and custom landscaping

  • Close proximity to shopping, dining, and entertainment at Fairview Town Center, Allen Premium Outlets, and The Village at Allen

  • Easy access to US-75, SH-121, and Lake Lavon for recreation

  • A low-density, low-commercial setting that emphasizes privacy and natural beauty

  • A strong sense of community and outdoor living, including trails, parks, and equestrian facilities

From relocating professionals and growing families to empty nesters and luxury lifestyle seekers, Lucas continues to attract buyers looking for a high-end living experience with room to roam.

Selling A Home in Lucas?

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