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Lucas Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price up 29.7% to $1,147,500
• Closed sales up 66.7% YoY
• Inventory down 7.3% YoY with only 38 active listings
🏠 Home Prices: Luxury Values Surge
The median home price in Lucas jumped to $1,147,500 in April 2025 — a dramatic 29.7% increase year-over-year. This growth highlights rising demand for acreage estates and high-end custom homes in one of Collin County’s most exclusive markets.
📈 Sales Soar as Inventory Tightens
Closed sales climbed to 10 homes (▲ 66.7% YoY), while active listings fell to 38 (▼ 7.3%). Months of inventory is now 4.0, creating favorable conditions for well-priced listings in a low-volume, high-value market.
⏱ Longer Timelines in a Niche Market
Days on Market: 56 (up 28 days YoY)
Days to Close: 32 (up 4 days)
Total Transaction Time: 88 days (up 32 days YoY)
Additional metrics: Median price per square foot: $310.41 (▼ 5.2%)
Median home size: 4,046 sq ft
Median year built: 1999
Close-to-original list price ratio: 94.8%
What Sellers Need to Know
- ✅ Prices are up significantly: A nearly 30% jump makes now a strong time to list.
- ✅ Inventory is shrinking: Listings are down 7.3% — less competition for sellers.
- ✅ Luxury buyers are active: Closed sales are up 66.7% — demand for estate homes is real.
- ✅ Homes take longer to sell: The average listing takes 88 days from start to close.
- ✅ Expect negotiation: Homes are closing at about 94.8% of original asking price.
What Buyers Need to Know
- ✅ Luxury prices are rising: Median values are up nearly 30% — act decisively when you find the right home.
- ✅ Inventory is limited: Just 38 homes on the market — fewer choices mean less time to wait.
- ✅ Value varies by size and finish: Price per sq ft is down 5.2% — compare carefully across listings.
- ✅ Plan for time: Total timeline is nearly 3 months — start early if you're moving in summer.
- ✅ Most homes are spacious: With a median home size of 4,046 sq ft, expect estate-style living.
📍 Market Updates by City
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© 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.
