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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

$875000

MEDIAN SALES PRICE

CLOSED SALES

21

CLOSED SALES

ACTIVE LISTINGS

79

ACTIVE LISTINGS

MONTHS INVENTORY

5.4

MONTHS INVENTORY

Lucas, TX Real Estate Market Snapshot – May 2025

Latest Update: June 2025

📊 Key Highlights This Month:
• Median home price: $875,000 (▼ 25.8%)
• Median days on market: 73 (▲ 170.4%)
• Price per square foot: $292 (▲ 5.0%)
• Close-to-list price ratio: 94.8% (▼ 2.0%)
• Closed sales up 75% year-over-year

🏠 Luxury Price Points Adjust in a Slower Market

The median home price in Lucas fell to $875,000 in May 2025, a notable 25.8% decrease year-over-year. While this reflects a correction from last year’s high-end surge, the $292 per square foot value is up 5%, indicating continued demand for quality construction and larger lots.

📈 Longer Timelines, Modest Sales Activity

Days on market rose dramatically to 73 days, showing that buyers are taking more time and sellers must be patient. Despite the slower pace, closed sales jumped 75% to 21 homes, while pending sales also increased 7.1%, signaling improving buyer activity at adjusted prices.

⏳ Inventory Holding, List Price Gaps Widen

Homes for sale grew to 79 active listings, and months of inventory remained relatively balanced at 5.4 months. Sellers received 94.8% of original list price on average, reinforcing the importance of strategic pricing in Lucas’s luxury-driven market.

What Sellers Need to Know

  • Prices are down: Median price dropped to $875K — pricing competitively is key.
  • Longer selling times: Homes are taking over 2 months to sell, on average.
  • More listings = more competition: 79 homes were on the market in May.
  • Expect negotiation: Most homes are selling at 94.8% of list price.
  • Presentation matters: Luxury buyers still expect premium features and finishes.

What Buyers Need to Know

  • More choices: Inventory remains strong with 5.4 months of supply.
  • Better value: Median prices are down nearly 26% from last year.
  • Fewer bidding wars: Homes are sitting longer — take time to negotiate.
  • Quality remains high: $292/sq ft reflects ongoing demand for upgraded homes.
  • Start early: With longer timelines, lock in financing and inspect thoroughly.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), May 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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Luxury Presence Home Value is the current estimated value of this home. It is calculated from a comprehensive database which encompasses properties from all 50 states, covering 99% of the US population, and valuation software developed by Automated Valuation Model (AVM) Analytics.

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Lucas Real Estate Overview

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

About Lucas, TX

Nestled in the heart of Collin County, Lucas is one of North Texas’s best-kept secrets for luxury acreage living with easy access to suburban conveniences. Just minutes from Allen, Fairview, and McKinney, Lucas offers the rare combination of space, serenity, and educational excellence—making it a standout for buyers who want more privacy without sacrificing proximity to shopping, dining, and daily essentials.

Lucas is perhaps best known for its access to Lovejoy ISD, one of the most highly regarded school districts in the state, consistently earning top academic rankings, high college readiness scores, and a strong reputation for student enrichment. Families seeking high-performing public schools often choose Lucas specifically for Lovejoy’s smaller class sizes, dedicated educators, and community involvement.

Homes and Land for Sale in Lucas, TX

The Lucas real estate market caters to those who value custom design, outdoor space, and long-term investment in a peaceful setting. While the area remains lightly developed compared to surrounding suburbs, that’s part of the draw—fewer rooftops, more trees, and homes that feel like retreats rather than just residences.

Common property types in Lucas include:

  • Luxury estates on acreage, many with private gates, guest quarters, pools, barns, or equestrian facilities

  • Custom-built homes with architectural distinction, energy-efficient systems, and flexible floorplans tailored to lifestyle needs

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

  • Equestrian-friendly properties, ideal for horse owners or hobby farmers, with ample room for barns, arenas, and pasture

  • Build-ready land tracts, where buyers can design their dream home with preferred builders and minimal restrictions

Whether you're seeking a private family compound, a peaceful retreat, or a future-forward custom build, Lucas offers a unique opportunity to buy space, lifestyle, and quality—all within reach of the Metroplex.

Why Buyers Choose Lucas

Lucas offers a rare combination: small-town peace with big-city proximity. Homebuyers are drawn to its scenic beauty, strong community values, and the freedom to create a lifestyle that reflects their priorities—whether that’s gardening, raising animals, working from home, or simply enjoying starlit skies at night.

Top reasons buyers choose Lucas include:

  • Top-rated public education through Lovejoy ISD

  • Larger lot sizes and open spaces, often with mature trees and custom landscaping

  • Proximity to Allen Premium Outlets, Fairview Town Center, and The Village at Allen

  • Quick access to US-75, SH-121, and Lake Lavon for boating, fishing, and recreation

  • A low-density, low-commercial setting that offers a calm, rural ambiance with high-end homes

  • A strong sense of community with city-sponsored events, local trails, and equestrian connections

Lucas appeals to a variety of buyers, from executives relocating to North Texas to families wanting room to grow, and empty nesters seeking luxury and tranquility away from the hustle of more urban suburbs.

Your Lucas Real Estate Experts

Buying or selling in a custom-home market like Lucas requires an agent who understands acreage, land values, deed restrictions, septic and well systems, and how to position a home in the luxury space. That’s where Cindy and Cory Dunnican truly shine.

As founders of The Dunnican Team at Coldwell Banker Apex, Realtors®, Cindy and Cory bring decades of experience and specialized knowledge in high-end properties, buildable land, and rural luxury markets. Their hands-on, faith-driven approach, paired with strategic marketing and deep market insight, ensures your real estate goals are met with confidence and care.

Whether you’re buying land to build your dream estate, upsizing to a custom property with room to roam, or listing a legacy home in a premier neighborhood, Cindy and Cory will guide you every step of the way with integrity, vision, and unmatched local expertise.

Selling A Home in Lucas?

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Ready to Buy in Lucas?

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