McKinney Neighborhood – EldoradoHeights

The single-family residential real estate market in the Eldorado Heights neighborhood of McKinney, TX, is currently in a state of equilibrium. The environment is considered balanced, with the supply of homes roughly meeting the current level of buyer demand. This has resulted in a market that is more predictable and less intense than the highly competitive conditions observed in previous years.

Properties in Eldorado Heights are experiencing a longer sales cycle, with the median days on market having trended slightly upward. This allows prospective buyers more time for due diligence and negotiation, a dynamic that was largely absent in the recent past. The relationship between sale prices and list prices has also stabilized, with homes on average selling for approximately their asking price, a departure from the frequent bidding wars that drove prices above list price.

This shift signifies a return to more traditional market conditions. The market is not characterized by a precipitous decline, but rather a more measured and sustainable pace. For both sellers and buyers, this balance requires a strategic approach: sellers must price their homes correctly to avoid a prolonged time on market, while buyers can proceed with greater confidence and less pressure to act immediately.