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McKinney Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price up 4.1% to $505,000
• Inventory up 51.0% YoY with 877 active listings
• Homes closing in 72 days — 8 days longer than April 2024
🏠 Home Prices: Steady Growth in a Competitive Market
The median home price in McKinney climbed to $505,000 in April 2025 — a 4.1% year-over-year increase. Despite fewer closings, home values continue to appreciate, thanks to strong fundamentals and buyer demand for high-quality suburban housing.
📈 Listings Rise as Sales Slow
Active listings jumped to 877 (▲ 51.0% YoY), while closed sales declined to 232 homes (▼ 14.4%). Months of inventory increased to 3.9, signaling a shift toward a more balanced market after years of heavy competition.
⏱ Longer Timelines for Buyers and Sellers
Days on Market: 42 (up 10 days YoY)
Days to Close: 30 (down 2 days)
Total Transaction Time: 72 days (up 8 days YoY)
Additional stats: Median price per square foot: $212.25 (▼ 2.9%)
Median home size: 2,466 sq ft
Median year built: 2006
Close-to-original list price ratio: 96.7%
What Sellers Need to Know
- ✅ Home values are rising: Median price is up 4.1% — but smart pricing still matters.
- ✅ Expect more competition: Inventory is up 51% — buyers have more options.
- ✅ Prepare for a longer sale: Transaction time is averaging 72 days.
- ✅ Close to asking: Homes are selling at 96.7% of original list price.
- ✅ Home condition is key: With many homes built in the early 2000s, updates make a difference.
What Buyers Need to Know
- ✅ More inventory, more choice: Listings are up — use the opportunity to find the right fit.
- ✅ Prices continue to climb: Buy sooner to lock in value in a growing market.
- ✅ Less pressure: Days on market are increasing — time to negotiate smartly.
- ✅ Good size homes: Median home size is over 2,400 sq ft — space for families and work-from-home setups.
- ✅ Budget with updates in mind: Many homes built in 2006 may need light remodeling.
📍 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.
