75002 Home Values

This zip code splits cleanly between Allen's established subdivisions and Lucas's acreage properties. Allen's core -- Bethany Lake Estates, Cottonwood Bend, Lost Creek Ranch -- is dominated by single-story brick homes built between 1995 and 2005 on standard suburban lots, mostly three and four bedrooms with two-car garages. East of 75, newer townhome product has appeared near the schools. Cross into Lucas and the landscape changes completely: custom homes on one to five acres, horse properties with stables, long driveways, and Lovejoy ISD addresses that command a serious premium. A handful of newer Allen townhome communities add density near Highway 75.

Days on market in 75002 have stretched to roughly six weeks at close — up sharply from the annual pace of about a month — signaling a notable deceleration in deal velocity, based on MLS data for May 2026 closings in 75002. Price per square foot settled near $212, modestly below the trailing-year average. Sellers received about 96.6 cents on the dollar at closing, and more than half of buyers negotiated prices below list — a meaningful shift from the prior year's rate. Concession activity also climbed, with nearly half of transactions involving seller concessions averaging just over $9,000.

The pipeline in 75002 reflects the same deceleration visible in closings. With roughly 190 new listings arriving against only 137 pending contracts in the trailing quarter, supply continues to outpace absorption. Active inventory sits at 313 homes and months of supply has extended to about six and a half months — well into buyer-favoring territory. Unless pending activity accelerates meaningfully, the widening gap between new listings and contract activity suggests market pace in 75002 is unlikely to tighten in the near term.