75454 Home Values

Melissa sits along the US-75 corridor in southern Collin County, and the housing stock tells that story clearly. Master-planned communities like Liberty, North Creek, Meadow Park, and Legacy Ranch form the backbone, filled with single-story and two-story production homes from the mid-2010s forward. You'll find Highland, Perry, Bloomfield, Ashton Woods, and Pacesetter builds on standard 50- to 60-foot lots. Scattered among the subdivisions are a handful of acre-plus properties along Kendall Road, but the overwhelming character here is newer suburban development served by Melissa ISD.

Price per square foot in 75454 landed near $185 in the latest quarter — roughly eight dollars below the trailing annual average — yet homes here closed in about 32 days, a notably faster pace than the 47-day median recorded over the full year. Based on MLS data for 2026-05 closings in 75454, roughly 128 transactions cleared the market this quarter, with sellers receiving close to 96 cents on the dollar at closing. About two-thirds of closed deals included a seller concession, though average concession amounts pulled back modestly from earlier in the year. Prices remain down roughly 11 percent year over year, reflecting a market still recalibrating after a period of elevated valuations.

The velocity signal embedded in 75454's days-on-market figure tells a more nuanced story than the headline price decline suggests: homes that are finding buyers are doing so relatively quickly. Active listings stood at roughly 246 while pending contracts numbered only about 82, meaning new listings entering the market at a pace of more than 220 over the quarter are outpacing absorption. At roughly 5.8 months of supply, 75454 sits somewhat tighter than Collin County's broader 6.8-month reading, though the pending-to-active ratio signals that much of the current inventory has yet to attract an offer.