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Wylie Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price down 5.1% to $403,151
• Inventory up 30.7% year-over-year
• Homes taking 101 days to close — 21 days longer than April 2024
🏠 Home Prices: Gradual Correction
The median home price in Wylie fell to $403,151 in April 2025 — a 5.1% year-over-year decrease. This softening trend reflects greater buyer leverage as inventory builds and demand cools slightly from previous highs.
📈 Inventory Growth Continues
Active listings reached 213 (▲ 30.7% YoY), while closed sales fell to 56 homes (▼ 17.7%). Months of inventory increased to 4.0, giving buyers more options and slowing down urgency in the market.
⏱ Transaction Times on the Rise
Days on Market: 70 (up 20 days from April 2024)
Days to Close: 31 (up 1 day)
Total Transaction Time: 101 days (up 21 days YoY)
Additional stats: Median price per square foot: $194.89 (▼ 5.9%)
Median home size: 2,054 sq ft
Median year built: 2007
Close-to-original list price ratio: 95.8%
What Sellers Need to Know
- ✅ Inventory is growing: Listings rose nearly 31%, meaning more competition for buyer attention.
- ✅ Price adjustments are real: Median values dropped 5.1% year-over-year.
- ✅ Expect a longer process: The average sale takes 101 days from list to close.
- ✅ Buyers are negotiating: Homes are selling at about 95.8% of original list price.
- ✅ Condition matters: Homes that show well are still standing out in this shifting market.
What Buyers Need to Know
- ✅ More homes available: Inventory has jumped, giving you more to choose from.
- ✅ Less pressure to act fast: With longer DOM, you have more time to shop and negotiate.
- ✅ Pricing is more flexible: Sellers are adjusting and open to offers below list.
- ✅ Factor in upgrades: The average Wylie home was built in 2007 — budget for updates.
- ✅ Focus on value: With lower prices and rising inventory, it’s a good time to buy wisely.
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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.
