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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

$1,240,000

MEDIAN SALES PRICE

CLOSED SALES

22

CLOSED SALES

ACTIVE LISTINGS

81

ACTIVE LISTINGS

MONTHS INVENTORY

5.6

MONTHS INVENTORY

Lucas, TX Market Snapshot – June 2025

Latest Update: July 2025

📊 Key Highlights This Month:
• Median sales price: $1,240,000 (▲ 44.2%)
• Median price per square foot: $313 (▲ 6.1%)
• Median days on market: 43 (▲ 79.2%)
• Sale-to-original list price: 93.8% (▼ 4.1%)
• Months of inventory: 5.6 (▼ 18.8%)
• Homes for sale: 81 (▲ 8.0%)
• Closed sales: 22 (▲ 69.2%)

🏠 Luxury Home Values Surge in Lucas

Lucas real estate saw a major leap in median price, climbing to $1,240,000 in June 2025—a 44.2% year-over-year increase. This sharp rise reflects strong demand in the luxury segment. Price per square foot also increased by 6.1%, reaching $313. However, homes are taking longer to sell, averaging 43 days on market, and sellers are receiving 93.8% of their original list price, indicating room for negotiation.

📉 Inventory Drops Slightly, Listings Fall Sharply

Months of inventory fell to 5.6, despite the number of homes for sale rising slightly to 81 active listings. However, new listings dropped significantly (▼ 41.9%), and pending sales fell 50%, signaling a slowdown in buyer activity. Closed sales rose 69.2%, likely due to prior months’ contracts closing. This mix of movement suggests a shifting dynamic in Lucas’s high-end market.

⏱ Slower Pace, Bigger Price Tags

Lucas continues to attract buyers seeking estate properties and land, but with fewer new listings and a rising days-on-market metric, sellers and buyers alike must navigate a more nuanced luxury landscape.

What Sellers Need to Know

  • Prices are strong: The median is up 44.2%, signaling buyer confidence in the luxury tier.
  • Homes are taking longer to sell: Median days on market rose to 43—be patient.
  • Expect negotiations: Buyers are pushing back, with sales averaging 93.8% of original price.
  • Inventory is stable, but new listings are down: This could create future demand—position your home now.
  • Presentation is crucial: Staging, photography, and pricing strategy matter even more in this segment.

What Buyers Need to Know

  • Inventory is holding steady: With 81 homes on the market, selection remains decent.
  • Fewer new listings: With a 42% drop in new homes hitting the market, act quickly when the right one appears.
  • More time to decide: The median 43 days on market gives you time to negotiate and inspect.
  • Negotiation is back: Sellers are accepting less—ask for repairs, credits, or closing help.
  • Local expertise matters: Cindy and Cory Dunnican can help you evaluate land, resale value, and long-term fit in Lucas.

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

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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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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From custom builds to private estates, we’ll help you find the space and lifestyle you’re dreaming of.

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