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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 Wylie, TX

MEDIAN SALES PRICE

$390,000

MEDIAN SALES PRICE

CLOSED SALES

62

CLOSED SALES

ACTIVE LISTINGS

320

ACTIVE LISTINGS

MONTHS INVENTORY

5.3

MONTHS INVENTORY

Wylie, TX Real Estate Market Snapshot – May 2025

Latest Update: June 10, 2025

📊 Key Highlights This Month:
• Median home price: $390,000 (▼11.4%)
• Median price per square foot: $191 (▼5.4%)
• Homes are spending 38 days on the market (▲90%)
• Inventory has grown 46.1% YoY
• Pending sales down 25%, closed sales down 26.2%

🏠 Home Prices: Market Correction in Progress

In May 2025, the median home price in Wylie was $390,000, reflecting an 11.4% decrease from the same time last year. The median price per square foot also declined to $191 (▼5.4% YoY). While price softening creates more affordability, it may also indicate shifting dynamics as buyers gain leverage.

📈 Listings Rise, Sales Slow

There were 320 active listings in May — up 46.1% YoY. Months of inventory rose to 5.3 months, firmly placing Wylie in a more balanced market. However, pending sales dropped to 54 (▼25%), and closed sales fell to 62 (▼26.2%), signaling hesitation among buyers.

⏱ Longer Selling Timelines in Late Spring

Median Days on Market: 38 (▲90%)
Close-to-original list price ratio: 96.0% (▼2.3%)

Homes are sitting longer and selling for less compared to asking prices. Sellers should expect longer timelines and possible negotiation on price or concessions.

What Sellers Need to Know

  • Inventory is growing: You'll face more competition with 320 homes on the market.
  • Price pressure is real: Median prices are down 11.4% YoY.
  • Longer market times: Expect homes to sit for around 38 days on average.
  • Buyers are negotiating: Homes are closing at 96% of list price.
  • Preparation matters: Pricing right and staging well is essential to stand out.

What Buyers Need to Know

  • More options available: Listings are up 46%, giving you more to choose from.
  • Negotiation is expected: Sellers are accepting lower offers — ask for closing costs or repairs.
  • Fewer bidding wars: Longer DOM and higher inventory mean less urgency to act fast.
  • Still competitive areas: Desirable neighborhoods may move quicker even in a softer market.
  • Secure financing early: Interest rates can impact affordability — get pre-approved before you shop.

📊 Data Source: NTREIS Trends© 2025. Sales data is deemed reliable but not guaranteed. Analysis provided by The Dunnican Team at Coldwell Banker Apex, Realtors®.

 

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Click your city to explore local market trends, including pricing shifts, inventory changes, and what it means for buyers and sellers.

 

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Wylie Real Estate Overview

Fast-Growing Suburb with Family Appeal and Excellent Schools

About Wylie, TX

Once a quiet farming community, Wylie has rapidly transformed into one of Collin County’s most desirable suburbs, blending small-town hospitality with modern growth and development. Located just east of Plano, Murphy, and Richardson, Wylie sits at the crossroads of opportunity and charm—offering residents the space, schools, and quality of life that so many buyers are seeking in the DFW Metroplex.

Known for its award-winning Wylie ISD schools, active community involvement, and scenic proximity to Lake Lavon and Lake Ray Hubbard, Wylie has carved out a niche as a family-friendly city with a strong sense of identity. Its historic downtown—lined with boutiques, coffee shops, and local eateries—hosts year-round events like Bluegrass on Ballard, Boo on Ballard, and the Wylie Arts Festival, further deepening its community roots.

Homes for Sale in Wylie, TX

Wylie’s housing market is diverse and dynamic, catering to a wide range of buyers—from first-time homeowners to those looking to upsize or invest. With new neighborhoods sprouting across the city and established areas continuing to thrive, Wylie offers options for nearly every stage of life.

You’ll find:

  • Charming older homes in established subdivisions with mature trees and larger lots

  • New construction in master-planned communities with trails, splash pads, and neighborhood schools

  • Move-up homes with open floor plans, flexible living spaces, and upgraded finishes

  • Golf course access and resort-style amenities in communities like Woodbridge, which straddles both Wylie and Sachse

  • Acreage properties and custom builds just outside city limits, offering privacy without sacrificing proximity to city services

Thanks to careful planning and a strong local economy, Wylie continues to offer more home for your dollar compared to nearby Collin County cities like Allen or Frisco—without compromising on location or lifestyle.

Why Homebuyers Choose Wylie

What draws people to Wylie? It’s the feeling of being part of something—part of a community that shows up, pitches in, and celebrates together. Families are especially drawn to the city for its top-rated public schools, safe streets, and inclusive atmosphere. And with its strategic location, Wylie residents enjoy quick commutes to major job centers while still savoring the slower pace of suburban life.

Other benefits include:

  • Access to excellent parks and recreation, including hike-and-bike trails, youth sports complexes, and lakefront activities

  • An affordable cost of living, making it especially attractive to first-time buyers and young families

  • A business-friendly city government and continued infrastructure investment

  • A strong inventory of new and resale homes to accommodate growth

With a steady stream of new residents and a growing reputation across DFW, Wylie is no longer a “hidden gem”—it’s a rising star in the North Texas housing market.

Your Local Experts in Wylie Real Estate

Buying or selling in a growing city like Wylie takes more than just luck—it takes a team with local insight, neighborhood expertise, and a commitment to getting it right. That’s where Cindy and Cory Dunnican come in. As founders of The Dunnican Team at Coldwell Banker Apex, Realtors®, they bring decades of experience helping families make smart moves in Wylie and the surrounding areas.

Their approach is grounded in deep market knowledge, a people-first mindset, and faith-driven values. Whether you're upsizing to accommodate a growing family, relocating to Wylie for work, or selling your home to make a change, Cindy and Cory are here to guide you every step of the way—with care, clarity, and results.

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