Home > Local Real Estate Markets > McKinney TX September 2010 Homes Sales Market Report

Published October 20 2010 3:47 pm

In the September 2010, McKinney TX sold 176 homes for $39,780,588. These includes single-family homes, townhomes and duplexes in the City of McKinney TX.

January 2010 = 60 McKinney TX homes sold
February 2010 = 75 McKinney TX homes sold
March 2010 = 105 McKinney TX homes sold
April 2010 = 210 McKinney TX homes sold
May 2010 = 198 McKinney TX homes sold

176 McKinney TX homes sold for $ 39,780,588 in September 2010

(Source: NTREIS OCTOBER 18 2010)

When compared to the same time last year (2009), McKinney TX sold 264 homes. It is DOWN 16 % from the previous year.

The lowest priced home sold for $15,000 in East McKinney TX 75069. This was an older property (built in 1965) with 2-bedrooms and 1 bathroom. It took 7 days to sell. It is a bank-owned property, a fixer-upper with no interior walls, incomplete plumbing and a complete re-build project.

The highest priced home was sold in Tucker Hill for $770,000 - a beautiful Mediterranean estate located on Founders Square, 5,500 square-foot home, 5-bedrooms, 4 full bathrooms and 2 half bathroom with 3-car garage. It was new construction, built in 2008. It took 696 days to sell.

The average home in McKinney TX is $226,026, a 3 bedrooms, 2 bathrooms, 2,700 square feet. The average price per square feet is $83/sq.ft. The average days on market to sell is 88 days.

The median home sales price in McKinney TX is $191,950, which means half of the homes sold in McKinney TX for the September 2010 sold for less than $191,950 and half of the 179 homes sold for more than $191,950.

	2009	2010	% Change
No. of Transactions	210	176	- 16 %
Total Real Estate Value	$ 42,178,600	$ 39,780,588	- 6 %
Avg. Sales Price	$ 200,850	$ 226,026	+ 13 %
Avg. Price per Sq.Ft.	$ 82	$ 83	+ 1 %
Avg. Median Price	$ 169,900	$ 191,950	+ 13 %
Avg. Days on Market	75	80	- 7 %

Here is the snapshot of the homes sold in McKinney by PRICE RANGE for September 2010:

Price Range	No. of Homes Sold	Percentage of Homes Sold
Less than $100K	7	4 %
$100K - $199,999	86	49 %
$200K - $299,999	49	28 %
$300K - $399,999	21	12 %
$400K - $499,999	8	5 %
$500K - $999,999	5	3 %
$1 Million & up	0	0 %

Current conditions of McKinney TX homes for sale market:

There are 1,056 homes for sale in McKinney TX. They range from an older, fixer-upper single family home at $39,900 bank-owned property. Its price reflects that it needs work in the house in order to bring it up to minimum habitable conditions to a one-of-a-kind property on TPC Craig Ranch golf course living with 5 bedrooms, 6 bathrooms, 6,000 square feet luxury McKinney TX home for almost $1.2 Million at Settlement at Craig Ranch. There are currently 15 listings in the Million Dollar range ($1 Million and up).

McKinney TX had 167 homes under contract for September 2010.

With its current inventory, Plano TX sits on a 26-week (6 1/2-month) inventory, which means based on September's current rate of selling homes in McKinney TX, it will take 6 months to clear out all its current inventory.

The SOLD market data may seem fairly biased because it only reports the properties that sold. The "lowest" end property sold in 7 days while the "most expansive" home sold in 70 days. It is a fairly healthy real estate market only for However, there are many more homes in between these price ranges that never sold. It is key to price your property correctly so you can sell it and move on.

Check out Homes for Sale in McKinney TX:

FEATURED LISTINGS


	Meadow Hill Estates Frisco TX Home for Sale 4 bedrooms, 3 baths, approx 3071 sq. ft. $239,900

	3 bedroom + Study home in Hillcrest Estates 3 bedrooms, 2 baths, approx 1925 sq. ft. $179,900

	Panther Creek Estates Home for Sale 3 bedrooms, 2 baths, approx 1894 sq. ft. $178,900

	Hardwood Floor, Granite + More 4 bedrooms, 2 baths, approx 2795 sq. ft. $219,900
» More Listings

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