McKinney, TX Real Estate Market Report - August 2023: Steady Sales and Strong Value
Welcome to the August 2023 McKinney, Texas real estate market report. As we explore the latest data, it's evident that McKinney continues to be a thriving market with impressive property values. Here's a detailed overview of the real estate activity in McKinney for the month of August.
Robust Sales Activity
In August 2023, McKinney witnessed the sale of 251 homes, indicating a healthy and vibrant real estate market. This level of activity underscores the city's enduring appeal as a place where families and individuals can find their dream homes.
Home Features and Characteristics
The typical McKinney home sold in August 2023 featured four bedrooms and three bathrooms, offering both space and comfort for residents. These homes had an average square footage of 2,500 square feet, providing ample room for a variety of lifestyles.
Many of the properties sold during this period were constructed around 2008, showcasing McKinney's blend of modernity and established neighborhoods, making it a desirable destination for prospective homeowners.
Pricing Overview
McKinney continues to offer great value in the real estate market. The average asking list price for homes in August 2023 was $590,000, making homeownership in this city more accessible than in some neighboring areas.
For those interested in the final sale prices, the average sold price for homes in McKinney during this period was $582,000. This slight difference between the asking and selling prices is common in real estate transactions and can often reflect successful negotiations and other factors impacting final sale prices.
Efficient Turnover
One notable feature of the August 2023 McKinney real estate market was the efficiency with which properties changed hands. On average, it took just 34 days for a home to sell in McKinney. This quick turnaround indicates that well-presented homes continue to be in demand in this thriving city.
Market Outlook
As we look ahead to the rest of 2023, McKinney's real estate market remains robust and attractive to both buyers and sellers. The city's commitment to excellent schools, job opportunities, and a high quality of life continue to make it a sought-after place to call home.
For prospective buyers, it's essential to be prepared and make informed decisions in this competitive market. Sellers can take confidence in the steady demand for McKinney properties. Collaborating with a knowledgeable McKinney real estate professional is key to navigating this market effectively.
If you are considering buying or selling property in McKinney, please don't hesitate to reach out to us. We have the local expertise and insights to guide you through every step of the process, ensuring you achieve your real estate goals in this thriving community.
Stay tuned for future updates on the McKinney, TX real estate market as we move through the year. Feel free to contact us with any questions or for personalized assistance with your real estate endeavors.
McKinney Realtor August 2023