McKinney, TX Housing Market Report

The McKinney housing market is currently undergoing a notable transition toward a buyer-friendly environment as of December 2025. With a median home value of $481,144, the area has seen a significant year-over-year decrease of 6.31%. This cooling trend is further evidenced by a 7.88% increase in active inventory, totaling nearly 30,000 available units across the broader region. Homes are also spending more time on the market, with an average duration of 82 days, which is 12 days longer than the previous year. This shift suggests that the frantic competition seen in previous years has subsided, giving buyers more leverage during negotiations.

Price trends over the last six months show a consistent downward trajectory, falling from $492,016 in July to the current December low. This steady decline indicates a market correction following years of rapid appreciation in the Dallas-Fort Worth metroplex. Despite the drop in purchase prices, the rental market remains remarkably stable, with median rents inching up slightly by 0.38% to $1,722. This divergence suggests that while the ownership market is recalibrating, the fundamental demand for housing in McKinney remains strong, likely supported by the city's reputation for high-quality schools and corporate relocations.

Looking ahead, the sale-to-list ratio of 0.98 indicates that sellers are generally accepting offers at 2% below their asking price, a clear signal for buyers to negotiate on closing costs or repairs. For sellers, the current climate requires realistic pricing strategies and patience, as the increased days on market mean properties are no longer selling overnight. For prospective buyers, the combination of declining prices and rising inventory presents a strategic window to enter one of North Texas's most desirable suburbs at a lower cost basis than was possible eighteen months ago.