Real estate report

North Dallas neighbor takes new title as No. 1 U.S. housing market, report says

No wonder businesses are choosing to open in McKinney.

Photo courtesy of City of McKinney

When it comes to places to buy a house, you can't do any better than McKinney. So says WalletHub's highly anticipated 2023 report on the best real estate markets in the U.S.

The new study by the personal finance website, released August 22, names McKinney the No. 1 most attractive real estate market in the country. It's followed closely by No. 2-ranked Frisco.

Dallas-Fort Worth housing markets have dominated WalletHub's report throughout the years, showing resilience as other markets rise and fall. McKinney and Frisco have been in the top five since 2021, but the 2023 report is the first time McKinney has dethroned Frisco from the No. 1 spot, after ranking No. 3 in WalletHub's 2022 edition and No. 4 in 2021.

With a great housing market come new businesses. It's no wonder that hot new restaurants, coffee shops, and other attractions are opening in McKinney or choosing the city for new locations.

July 2023 data from Realtor.com shows median home prices in McKinney have fallen 2.8 percent year-over-year to $550,000, with homes selling for an average 2.03 percent less than their asking price. Homes are spending an average of 30 days on the market, another indicator that buyers are willing to hold out for that perfect home for the right price.

Potential owners should attempt to buy their home soon while sellers are more willing to negotiate on housing prices in the wake of higher interest rates, according to Kelly Snider, an urban regional planning professor at San Jose State University.

"More important for the housing market is that brokers and agents pay attention to what buyers want and spend less time listening to what sellers 'expect' or "deserve,'" Snider said in the report. "It is becoming a buyers' market, and 2024 should be good for people looking to buy a house."

Two additional Dallas-Fort Worth cities, Denton (No. 4) and Allen (No. 6), earned top 10 spots for the second year in a row. Denton moved up four spots from No. 8 in 2022, while Allen fell four spots from No. 2.

Other Dallas-Fort Worth area cities that earned spots in the report include:

No. 22 – Fort Worth
No. 24 – Plano
No. 28 – Richardson
No. 36 – Irving
No. 42 – Carrollton
No. 43 – Dallas
No. 53 – Grand Prairie
No. 70 – Garland
No. 84 – Arlington
No. 120 – Mesquite

The study analyzed 300 U.S. cities across 17 metrics in two categories to determine the best real estate markets. Datapoints include median home price appreciation, ratio between rent to sale prices, housing affordability, job and population growth, and more.

The full report can be found on wallethub.com.

housing market McKinney Frisco real estate market home-for-sale

luxury real estate

Dallas-Fort Worth led Texas in sales of million-dollar homes in 2025

Estately.com

This home at 10316 Bel Aire Dr. in Dallas' Lake Highlands neighborhood is on the market for $1.1 million.

A new luxury real estate report reveals Texas broke a record for the highest number of million-dollar homes sold from November 2024 to October 2025, and Dallas-Fort Worth boasted the largest share of million-dollar home sales statewide.

A total of 14,418 Texas homes were sold for at least $1 million last year, generating a record-breaking $24.5 billion, according to Texas Realtors' 2025 Texas Sales of Million-Dollar Homes Report. The number of luxury home sales in the state soared 12 percent compared to the previous year.

Million-dollar home sales in Dallas-Fort Worth-Arlington made up 38 percent of all luxury home sale transactions in Texas during the 12-month period, the report found. The total sales dollar volume of DFW homes that sold for $1 million or more added up to about $9.7 billion.

Nearly 5,500 million-dollar homes were sold in the North Texas Metroplex at an average price of $402 per square foot. For comparison, the average price per square foot for all residential homes in Dallas-Fort Worth was $204.

Both figures are not far from the statewide average, according to Texas Realtors.

"The average price per square foot of $1 million+ homes increased to $423 from $418 last year and was more than double the $188 average price per square foot of all Texas homes," the report said.

Dallas-Fort Worth luxury homes are also more than twice the size of the typical residential home in the region. A million-dollar home in DFW spanned 4,284 square feet, compared to 2,096 median square feet for all residential homes in the metro.

"High-end homes continue to be a small but mighty segment of the market," said Texas Realtors chairman Jennifer Wauhob in a press release. "Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both."

Elsewhere in Texas, Houston-Pasadena-The Woodlands saw the second-highest share of million-dollar home sales in Texas, at 27 percent, followed by Austin-Round Rock-San Marcos (19 percent), the rest of Texas (11 percent), and San Antonio-New Braunfels (5 percent).

housing market million dollar homes luxury real estate texas realtors dallas fort worth arlington