Rowlette Neighborhood – Springfield

The most significant shifts were observed in market pace and inventory dynamics. The median days on market for homes in the broader Rowlett area increased to around 50 days in July 2025, a notable rise from 34 days a year earlier. This trend is consistent with the Springfield neighborhood, where some recent sales saw extended market times. This extension of the sales cycle indicates that buyer demand, while still present, is not as frenetic as it once was, and buyers are exercising more deliberation.

Furthermore, a substantial percentage of properties in the Rowlett market experienced price reductions, with some sources reporting over 62% of homes having price drops. This, coupled with a sale-to-list price ratio of approximately 98%, suggests that while homes are selling close to their asking price, sellers are less likely to secure a premium or trigger bidding wars. The overall market is no longer defined by homes selling immediately above list price. The market has shifted from a strong seller’s market to a “somewhat competitive” one, which is more favorable to buyers, offering more negotiation leverage and a wider selection of available homes.