Lucas Market Snapshot – August 2025

Market Data for: August 2025

🏡 Prices Down, Homes Take Longer to Sell

The average sales price in Lucas declined to $1,150,167, down 16% from last year. Median price per square foot also fell sharply, dropping 22.9% to $252. Homes are spending more time on the market, with a median of 78 days, up nearly 60% year-over-year.

📈 Inventory Stable, Sales Activity Mixed

There were 75 active listings in Lucas during August, a modest 2.7% increase. New listings declined 18.5%, while pending sales dropped 18.2%. At the same time, closed sales surged 50%, showing demand is still present when homes are priced right. With 5.1 months of supply, the market is leaning toward balance.

⏱ Sellers Face Pressure, Buyers See Opportunity

With falling prices, longer selling times, and fewer new listings, sellers need to adjust expectations. Buyers benefit from more negotiation room and balanced conditions, but competition can still be strong for the best homes.

📉 Small Sample Sizes = Big Swings

Lucas has relatively few monthly closings, so percentage changes can look more dramatic than the true trend. Just a few high- or low-value sales can skew the data. The Dunnican Team monitors longer-term shifts to provide context and clarity beyond monthly numbers.

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

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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.

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.