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The Dunnican Team
9106 Royal Burgess Dr
Rowlett TX 75089

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Coldwell Banker Apex, Realtors®
2555 Ridge Road #144
Rockwall TX 75087 

 

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By the Numbers

Real Estate Market Update

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Lucas, TX

MEDIAN SALES PRICE

$1,150,000

MEDIAN SALES PRICE

CLOSED SALES

9

CLOSED SALES

ACTIVE LISTINGS

54

ACTIVE LISTINGS

MONTHS INVENTORY

6.9

MONTHS INVENTORY

The Dunnican Team

Lucas, TX Housing Market Update

Lucas recorded 9 closed sales in May 2026 — an extremely limited sample. The reported median price of $1,150,000 (down 28.1%) almost certainly reflects which 9 properties happened to close rather than true market-wide erosion. Price per square foot declined a more modest 3.5% to $318.65. Active listings totaled 54 (up 17.4%), producing 6.9 months of supply. Anyone considering buying or selling in Lucas should work from a comprehensive comparable sales review rather than single-month aggregate data.

LUCAS, TX HOUSING MARKET UPDATE – MAY 2026

Lucas Housing Market Update | Reporting Period: May 1–31, 2026 • Data via NTREIS

Data Reliability Notice: Only 9 sales closed in Lucas during May 2026. This extremely limited sample makes all aggregate statistics unreliable as market indicators. All data below is provided for reference context only — not as a basis for pricing or purchase decisions.

Lucas recorded 9 closed sales in May 2026 in this luxury acreage Collin County community. The reported 28.1% median price decline to $1,150,000 almost certainly reflects which 9 specific properties happened to close this month — not a market-wide value erosion of that magnitude. Price per square foot declined a more moderate 3.5% to $318.65, which is a more credible directional indicator. Lucas carried 54 active listings in May 2026 — up 17.4% from a year ago — against 9 monthly closings, producing approximately 6.9 months of supply (up 2.3 months from May 2025). The 95.4% close/list ratio and 68-day total pipeline are contextual reference points consistent with Collin County luxury estate transaction norms. Anyone evaluating Lucas as a buyer or seller should work from a comprehensive comparable sales review with a local agent familiar with this community.

Key Highlights | Lucas Housing Market Update

  • Median Sold Price: $1,150,000 (based on 9 sales — not a reliable market indicator)
  • Closed Sales: 9 (−18.2% YoY)
  • Active Listings: 54 (+17.4% YoY)
  • Months of Inventory: 6.9 (up 2.3 months from May 2025)
  • Sale-to-List Price Ratio: 95.4%
  • Days on Market: 28 (down 57 days from May 2025 — 9-sale sample)
  • Median Price Per Sq Ft: $318.65 (−3.5% YoY)
  • Median Home Size: 3,860 sq ft | Median Home Age: 21 years

What Sellers Need to Know

  • With 9 monthly closings against 54 active listings, Lucas carries more months of supply than nearly any standard market in this report. Price your property from current comparable sales — individual transaction data — not monthly aggregates.
  • The 17.4% increase in active listings means you have more competition this year than last. High-quality marketing and accurate positioning are essential.
  • The 95.4% close/list ratio is a useful reference point: plan for buyers to achieve approximately 4-5% below your list price in Lucas at current conditions.
  • Engage a local agent with specific Lucas market experience. Properties in this community compete on unique attributes — acreage, build quality, setting — that aggregate metrics cannot capture.

What Buyers Need to Know

  • 6.9 months of supply and 54 active listings give you meaningful time and selection to evaluate this luxury acreage market carefully.
  • The 95.4% close/list ratio means sellers aren't accepting deep discounts — bring a well-supported offer informed by a comparable sales analysis, not a lowball anchored to the volatile median.
  • The 3,860 sq ft median size and 21-year median age reflect a blend of custom and semi-custom estate homes in this Collin County community. Verify builder quality, mechanical condition, and lot specifics on any target property.
  • Work with a local agent who knows the Lucas market. Properties here compete on features that are invisible in aggregate data.

Questions about the Lucas market?

The Dunnican Team at Coldwell Banker Apex specializes in Lucas and the surrounding North Texas market. Whether you're buying, selling, or monitoring your home's value, we can walk you through what the current data means for your specific situation. Call us at 972-679-1789 or visit thedunnicanteam.com.

Source: Texas REALTORS® MarketViewer (NTREIS/MetroTex Association), reporting period May 1–31, 2026.

Explore This Month's City and Neighborhood Housing Update Reports

Rockwall Rowlett Waterview Heath Sachse Wylie Fate Royse City Caddo Mills McLendon-Chisholm Lavon Josephine Community ISD Allen Murphy Fairview Parker Lucas Richardson Plano Sunnyvale Garland Dallas Forney Farmersville Flower Mound Carrollton Farmers Branch DFW

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Lucas Housing Market — Frequently Asked Questions

What is the median home price in Lucas, TX?

May 2026 data reports a median of $1,150,000 based on 9 closed sales. The reported 28.1% year-over-year decline almost certainly reflects which specific properties closed in May rather than a true market-wide value erosion. Price per square foot declined a more moderate 3.5% to $318.65, which is a more credible directional indicator.

How many homes are for sale in Lucas, TX right now?

There were 54 active listings in Lucas in May 2026, up 17.4% from a year ago. With 9 monthly closings, that represents approximately 6.9 months of supply.

How long does it take to sell a luxury home in Lucas, TX?

May 2026 data shows an average of 28 days on market before going under contract, with 40 days to close — a total of 68 days. With only 9 sales, these averages reflect individual outcomes more than a reliable market benchmark.

Is Lucas, TX a buyer's or seller's market right now?

At 6.9 months of supply — up 2.3 months from a year ago — Lucas shows buyer-favorable characteristics from a supply standpoint. However, with only 9 closed sales in May 2026, characterizing market dynamics from this data alone would be misleading.

What type of homes are available in Lucas, TX?

Lucas is known for large estate-style homes on acreage lots in southern Collin County. The May 2026 data reflects a median sold size of 3,860 square feet with a median age of 21 years.

Lucas Real Estate Overview

Luxury Living, Wide Open Spaces, and Top-Rated Schools in Collin County

About Lucas, TX

Tucked in the heart of Collin County, Lucas is North Texas’s hidden gem for luxury acreage living with easy access to modern conveniences. Located just minutes from Allen, Fairview, and McKinney, Lucas offers a rare blend of space, serenity, and top-tier schools—making it a go-to destination for buyers who want room to breathe without giving up proximity to shopping, dining, and daily needs.

Lucas is best known for its access to Lovejoy ISD, one of the highest-performing public school districts in Texas. With small class sizes, award-winning academics, and a strong emphasis on enrichment and community engagement, Lovejoy ISD draws families who prioritize education and involvement.

Homes and Land for Sale in Lucas, TX

The Lucas real estate market is tailor-made for buyers seeking custom homes, privacy, and acreage. Unlike more densely developed suburbs, Lucas offers fewer rooftops, more trees, and homes that feel like private retreats.

Common property types in Lucas include:

  • Luxury estates on acreage, often gated and outfitted with guest quarters, pools, barns, or equestrian amenities

  • Custom-built homes with distinctive architecture, energy-efficient features, and lifestyle-oriented layouts

  • Gated communities like Broadmoor Estates and Edgewood, offering larger lots, luxury finishes, and exclusivity

  • Equestrian properties, ideal for horse owners and hobby farmers, with space for barns, arenas, and pastureland

  • Build-ready land tracts, where buyers can craft their dream home with fewer restrictions and builder flexibility

Whether you're planning a multi-generational estate, building a custom home, or seeking a peaceful place to unwind, Lucas offers a lifestyle rooted in space, quality, and long-term value.

Why Buyers Choose Lucas

Lucas strikes a rare balance: rural ambiance with suburban access. Buyers are drawn to the area’s scenic landscapes, strong community values, and the freedom to live life on their own terms—whether that means gardening, keeping animals, working from home, or just enjoying a peaceful night under the stars.

What makes Lucas stand out:

  • Top-rated schools through Lovejoy ISD

  • Larger lots, often with mature trees, open views, and custom landscaping

  • Close proximity to shopping, dining, and entertainment at Fairview Town Center, Allen Premium Outlets, and The Village at Allen

  • Easy access to US-75, SH-121, and Lake Lavon for recreation

  • A low-density, low-commercial setting that emphasizes privacy and natural beauty

  • A strong sense of community and outdoor living, including trails, parks, and equestrian facilities

From relocating professionals and growing families to empty nesters and luxury lifestyle seekers, Lucas continues to attract buyers looking for a high-end living experience with room to roam.

Selling A Home in Lucas?

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The Dunnican Team

(972) 679-1789

9106 Royal Burgess Dr Rowlett TX 75089

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The Dunnican Team

(972) 679-1789

9106 Royal Burgess Dr Rowlett TX 75089