Dallas Area Residential Sales Report – McKinney Condos and Townhomes

Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to give you a market update on condos and town homes for McKinney, Texas in January 2025. Whether you’re a buyer or a seller, it’s important to stay informed about the current real estate trends.

Let’s start with the Months Supply of Inventory. Right now, there are 4.41 months of inventory available in McKinney. This means that if no new condos and town homes were listed, it would take 4.41 months to sell all the current homes on the market. Over the last 12 months, the Months Supply of Inventory has increased by 38.68%. This could indicate a shift in the market, so it’s something to keep an eye on.

The Sold to List Price percentage is currently at 98.1%. This means that on average, condos and town homes are selling for 98.1% of their list price. This could give you an idea of how competitive the market is for both buyers and sellers.

The median days on market is 102. This is the amount of time it takes for a home to go from listing to being sold. If you’re a seller, you may want to price your condos and town home competitively to help it sell faster. And if you’re a buyer, keep in mind that homes may not stay on the market for long.

Lastly, the median sold price in McKinney is $420,000. This is the middle point of all the sold prices in the area. It’s important to note that this is just a snapshot of the market and prices can vary depending on the neighborhood and other factors.

So, whether you’re looking to buy or sell in McKinney, it’s important to stay informed about the current market conditions. If you have any questions or need assistance, feel free to reach out to me. Thanks for watching and stay tuned for more market updates in the future.