Collin County Real Estate Market: March 2025 - A Market of Shifts and Surprises!

The Collin County real estate market is always evolving, and March 2025 is bringing some unexpected trends. Let's break down what's happening in the new construction, resale, and rental sectors.

New Construction Market: Inventory Surge Meets Price Adjustments

If you're looking to buy a brand-new home in Collin County, get ready for a rollercoaster! The number of active listings for new construction has skyrocketed. Active listings are up by a staggering 39.6% compared to last year. This is fantastic news for buyers, translating to more choices and increased negotiating power.  

However, the pricing landscape is complex. While there's a surge in available homes, the average list price has plummeted by 1.2%. The average price of a newly built home is $530.88K.

Key New Construction Market Trends:

• Inventory Explosion: Available homes have increased dramatically (active listings up 39.6% year-over-year).  

• Price Fluctuations: Average list prices are down 1.2%, with average prices around $530.88K.  

• Slower Sales: Fewer new construction homes were sold compared to last year (down 15.3%).  

• Balanced Market, But Shifting?: The market is relatively balanced, with about 3.6 months' worth of supply.  

• Sellers Still Have Leverage: Sellers are still getting close to their asking price, with new homes selling for about 93.4% of the original list price.  

• Days on Market Skyrocketing: Homes are staying on the market for a whopping 74 days, up 16.4% from last year.

  
  

Resale Market: A Surge in Choices and Shifting Dynamics

The Collin County resale market is also experiencing some significant changes! The most notable trend is the massive increase in available homes.

Active listings have jumped by a whopping 69.5% compared to last year! For buyers, this translates to a much wider selection.  

Despite this inventory surge, average prices are showing some signs of moderation. The average list price is $667.48K.   

Key Resale Market Trends:

• Inventory Surge: Available homes have increased significantly (up 69.5% year-over-year).  

• Price Trends: Average list prices are showing slight decreases (down 0.6%).  

• Sales Slowdown: Fewer resale homes were sold this period compared to last year (down 3.9%).  

• Balanced Market with Shifting Dynamics: The market is leaning towards balanced, with 3.9 months' worth of supply.  

• Increased Days on Market: Homes are taking longer to sell, with an average of 50 days on market, a dramatic 56.3% increase from last year.  

• Sellers Holding Firm: Sellers are generally receiving close to their asking price, with homes selling for 96.4% of the original list price.

Rental Market: More Options, But Signs of Softening

The Collin County residential lease market is also presenting some interesting developments.

Renters, get ready! There's been a significant increase in available rental listings, up by a hefty 21.7% compared to last year. This means more choices for those looking to rent.  

The average list price is $2.79K.

Key Rental Market Trends:

• Increased Rental Inventory: Available rental listings are up 21.7% year-over-year.  

• Stable Prices: Average lease prices are relatively stable, around $2.79K.  

• Fewer Leases Signed: Fewer leases were signed compared to last year (down 9.4%).  

• Balanced Market, but Shifting: The market is leaning towards balanced, with 2.1 months of supply.  

• Increased Days on Market: Rentals are taking longer to lease, with an average of 49 days on market, a dramatic 18.3% jump from last year.  

• Landlords Holding Firm: Landlords are generally receiving close to their asking price, with properties leasing for 96.6% of the original asking price.  

Overall Market Outlook

The Collin County real estate market in March 2025 is characterized by increased inventory across new construction, resale, and rental sectors, providing more options for buyers and renters. However, there are also clear indications of a softening market, including declining sales and increasing days on market in some segments. This dynamic environment calls for careful analysis and strategic decision-making from all market participants.  

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of March 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.