Mckinney, TX 75071 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary market indicator is the median sold price of 561,860, which anchors local market value and suggests recent transactions are clustered around this level; given the price year-over-year trend is flat, this appears consistent with price stability and normalization.
2. With a median listing price of 519,698 versus the median sold price of 561,860, there is a notable difference between asking and realized prices that may indicate pricing friction or selective acceptance of higher offers on marketed homes; sellers and agents should align expectations to the representative recent sale level.
3. The median days on market of 120 points to slower sales velocity and extended marketing windows, which may indicate cooling from prior hot conditions and suggests buyers have more time to evaluate options; this slower pace may require targeted pricing or concessions to maintain transaction momentum.
4. Rental dynamics show a median market rent of 2,281 and a rent year-over-year trend of down, while interest rate pressure is elevated, a combination that suggests weaker near-term rental demand and tighter financed buying conditions—investors and landlords should consider financing sensitivity and absorption risk in acquisition decisions.

Notable Properties

The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.