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The Wylie TX real estate market has performed remarkably well through 2015, with an increase in median home price that has left property values above $200,000. While home sales in Wylie have grown steadily over the past 5 years, there was a slowdown in 2016 which may be atrributable to fallling inventory and rising prices. 

The population of Wylie TX has been growing quickly in recent years, going up from 15,132 individuals to 41,427 in just ten years. Supported by the neighboring Dallas and Rockwall regions, the area has a high median household income of $58,393 and an incredibly low rate of poverty.

From 2012 to 2013, the selling price of homes for sale in Wylie TX has increased by 7.7 percent, reaching a median sales price of $166,800.  During the same time, the average number of days on the market decreased by 42 percent. Homes for sale in Wylie TX usually sell within a month and a half due to the high demand, and the region has an extremely low rate of distressed properties at only 1 percent.

The total home sales for all construction types was 1,020 homes in 2015 vs. 850 homes in 2016. The average sales price in 2015 for all construction types was $230,732 vs. $256,884 in 2016, an increase in13.7% over the previous year. The average months inventory went from 1.4 months of supply in 2015 to 1.8 months in 2016 . The average sales price for resale single family homes in Wylie ranged from $228,902 to $274,643 in 2016. For new construction single family homes the average price ranged from $350,580 to $387,035. Resale Single family homes were selling for approximately 97.9% to 100.9% on average of the original list price in 2016. For new construction, single family homes were selling on average between 93.1% to a 101.6% of their original list price in 2016.

Median house sizes have also been rising to accommodate larger households, with the average house size now being a luxurious 2,341 square feet. Those interested in Wylie TX real estate may want to make their move before the prices increase even further, as the inventory of homes is quite low and the demand is still high.

Residents of Wylie TX can take advantage of the Wylie Independent School District, recognized for its excellence by the Texas Education Agency. The student to teacher ratio in this district is 15:1, which is superb. The region includes a total of ten elementary schools, three intermediate schools, three junior high schools and two high schools. As a subtropical region, those seeking houses for sale in Wylie TX will find wonderful weather and beautiful outdoor activity areas. Wylie County regularly hosts fun recreational events that are ideal for the whole family, and those interested in Wylie TX real estate can also look into the childcare and educational lessons offered by the Wylie Recreation Center.

Wylie is a town located in Collin County. Wylie is connected to other area cities by Highway 544 which leads into Plano and Highway 78 which runs to Sachse, Rowlett, Garland, and into Dallas. Highway 78 also connects to tollway George Bush (190) which leads both east and west across the Dallas area

With all of the benefits of living in Wylie TX, it’s no wonder this area is so popular and continues to grow quickly. If you are ready to start your search for houses for sale in Wylie TX or surrounding Dallas suburbs, The DeBerry Team is here for you and can be reached at 214-215-5106. We would love the opportunity to serve your buying and selling needs.

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Listing information last updated on March 23rd, 2018 at 2:15am CDT.