75056 Home Values

This zip code straddles The Colony and the northern edge of Lewisville, anchored by master-planned communities like Castle Hills, The Tribute, and Legend Trails. Housing ranges from 1970s and 80s ranch-style homes on generous lots near Lake Lewisville to newer two-story production builds in HOA-governed subdivisions with resort-grade amenities. Townhome developments have filled in along the 121 corridor, targeting move-up buyers and lock-and-leave professionals. Waterfront and golf-course lots command a clear premium.

The pace of closings in 75056 accelerated sharply in the most recent quarter, with homes spending roughly three weeks to contract — a notable departure from the annual average of about six weeks. Based on MLS data for May 2026 closings in 75056, price per square foot settled near $228, holding within a narrow range even as the broader annual picture shows prices off by about ten percent year-over-year. Sellers in 75056 recovered close to 98 cents on the dollar at closing, a slight improvement over the trailing annual figure. Concessions remained common — nearly half of all deals included seller contributions averaging around $8,400 — but fewer buyers paid below asking in the latest quarter than over the prior year.

The speed signal from recent closings contrasts with a pipeline that remains supply-heavy. With roughly 305 new listings entering 75056 in the most recent quarter against about 107 pending contracts, new supply is outpacing absorption by nearly three to one. At just under six months of supply — above the threshold typically associated with balanced conditions — the inventory cushion continues to favor buyers in the negotiation window. Active listings have held steady, suggesting the market is absorbing new supply without drawing down the available pool.