Collin County Real Estate Analysis: A Look at New Construction, Resale, and Rentals for July 2025

The Collin County real estate market is experiencing a significant shift in July 2025, marked by increasing inventory in both new and existing homes. This dynamic creates a new landscape for buyers and sellers. Let's explore the key trends across the new construction, resale, and residential lease sectors.

New Construction Market: More Options for Buyers

For those seeking a brand-new home in Collin County, the market is opening up with more available properties. Active listings for new construction stand at 2,073, a substantial 35.8% increase from last year and an 8.0% rise from June 2025. This surge in inventory suggests more options and potentially greater negotiating power for prospective buyers.

In terms of pricing, the average list price for a new home is now $458.48K, which is a 10.1% decrease from the previous year, though it saw a slight 0.5% increase from last month. The average sales price for closed homes in July was $557.40K.

Key New Construction Market Trends:

• Growing Inventory: Active listings are at 2,073, up 8.0% from last month and 35.8% from last year.

• Price Adjustments: The average list price is $458.48K, a 10.1% decrease from last year. The average closed price was $557.40K, which is down 5.1% from last year but up 9.0% from June.

• Sales Activity: There were 508 closed sales, a 9.1% decrease from last month but a 16.2% increase from last year. The 923 new listings represent a 19.4% increase from June and a 53.1% jump from last year.

• Seller Negotiations: Sellers are receiving 93.1% of their original asking price.

• Time on Market: New construction properties are on the market for an average of 66 days.

  
  

Resale Market: Inventory Soars

The resale market in Collin County is seeing a dramatic increase in the number of available homes. Active listings have surged to 5,173, a significant 46.5% jump compared to last year and a 1.8% increase from the previous month. This influx of properties provides buyers with a much wider selection. The average list price for resale homes is $605.05K, while the average sold price settled at $623.9K.

Key Resale Market Trends:

• Inventory Explosion: Active listings are at 5,173, up 1.8% from last month and 46.5% from last year. New listings stand at 1,798.

• Price Dynamics: The average list price is $605.05K, a 7.7% decrease from June but a 0.2% increase from the prior year. The average closed price is $623.9K, down 5.2% from last month and 6.3% from last year.

• Sales Activity: Closed sales reached 1,035, which is a 6.0% decrease from last month but a slight 0.7% increase from last year.

• Market Supply: The market has a 5.90-month supply of homes.

• Days on Market: Resale homes are taking an average of 41 days to sell.

• Seller Position: Sellers are receiving 94.8% of their original list price.

Rental Market: More Choices for Tenants

The residential lease market in Collin County is also expanding, offering more options for renters. Active lease listings have climbed to 2,527, which is a 3.0% increase from June and a 6.9% increase from last year. The average list price for a rental is $3.00K, while the average price for a leased property is $3.50K.

Key Rental Market Trends:

• Growing Availability: Active listings are at 2,527, up 3.0% from last month and 6.9% from last year. There were 1,713 new lease listings.

• Leasing Activity: Closed leases totaled 1,137, a 2.7% decrease from the previous month and a 2.8% decrease from last year.

• Lease Prices: The average listed rent is $3.00K. The average closed lease price is $3.50K, a significant 30.7% increase from the prior month and a 24.1% increase from last year.

• Supply: There is a 2.55-month supply of rental properties.

• Leasing Time: Properties are taking an average of 37 days to lease.

• Leasing Close to Asking Price: Properties are being leased at 97.6% of their original listed price.
  

Overall Market Outlook

July 2025 in Collin County is characterized by a notable increase in housing inventory across both sales and rental markets. This provides buyers and renters with more choices than they have seen in the recent past. While sales prices have seen some decreases compared to the previous year, the rental market has experienced a significant jump in average lease prices. With an average mortgage rate of 6.79%, market participants should remain informed and strategic in their decision-making.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of July 31, 2025.  Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.