Melissa, TX Housing Market: 423 Homes Sold (September 2025 to September 2026)
Buyers hold the cards: most homes sell under asking and take about 50 days to find a buyer.
Melissa market at a glance
- Homes sold (12 months): 423
- Median sale price: $439,000 (about $2,497/month with 10% down at a 6.5% 30-year rate, principal & interest)
- Median price per square foot: $181
- Median days on market (list to contract): 50; 9.7% went under contract within a week
- Sold over asking: 12.5% · Sold under asking: 67.1%
- Typical home: 4 bed, 2,466 sqft, built 2020, mostly Melissa ISD
- Price range of sales: $240,000 – $1,995,000
- On the market right now: 167 active listings, 27 under contract, 4.7 months of supply, median asking $475,000
- How buyers paid: Conventional 62.6%, FHA 16.1%, VA 7.8%, Cash 12.3%, Other 1.2%
- Seller contributions: 64.5% of sellers chipped in, typically $10,000
- Contract to close: about 30 days
- Median rent (same home types, 433 closed leases): $2,350/month. Owning the median home runs about $2,497/month principal & interest with 10% down
- HOA: 97.4% of sales had a mandatory HOA, typically $64/month
- New construction: 28.6% of sales, median $459,000 vs $430,000 resale
Five-year price history in Melissa
Median sale price by quarter: 2022 Q1: $521,000 · 2023 Q1: $510,778 · 2024 Q1: $495,000 · 2025 Q1: $513,716 · 2026 Q1: $435,000 · 2026 Q4: $425,000.
Median price by elementary school zone
- Harry Mckillop: 161 sales, median $477,000, $182/sqft
- Sumeer: 106 sales, median $441,000, $179/sqft
- North Creek: 76 sales, median $414,500, $185/sqft
- Willow Wood: 43 sales, median $369,900, $182/sqft
- Highland: 21 sales, median $385,000, $167/sqft
- Melissa: 14 sales, median $412,500, $188/sqft
Pricing right vs. cutting the price in Melissa
Sellers who held their original asking price sold in 17 days at 98.9% of ask. Sellers who overpriced and later cut took 81 days and kept 91.7% of the original ask, roughly $33,100 left on the table on a typical Melissa listing.
Most active Melissa neighborhoods
- Meadow Park: 44 sales, median $415,000, 28 days on market
- Liberty Ph 1: 20 sales, median $440,000, 52 days on market
- Liberty: 17 sales, median $618,000, 180 days on market
- Meadow Run: 15 sales, median $507,480, 64 days on market
- Brookfield: 14 sales, median $502,496, 204 days on market
- Bryant Farms: 13 sales, median $356,699, 109 days on market
- Liberty Ph 4: 12 sales, median $496,500, 37 days on market
- Willow Grove Townhomes: 12 sales, median $339,461, 200 days on market
- Hunters Creek Ph 1: 9 sales, median $334,900, 17 days on market
- North Creek Ph I: 8 sales, median $393,500, 76 days on market
Nearby markets
McKinney · Plano · Princeton · Celina · Allen · Anna · Wylie · Prosper
Common questions
Is now a good time to buy in Melissa? Buyers hold the cards: most homes sell under asking and take about 50 days to find a buyer.
What does the typical Melissa home cost? $439,000, about $181 per square foot, or roughly $2,497/month with 10% down before taxes and insurance.
How fast do homes sell in Melissa? The typical home went under contract in 50 days; 9.7% sold within the first week.
Is it cheaper to rent or buy in Melissa? The median Melissa lease ran $2,350/month this year, while principal and interest on the median $439,000 home is roughly $2,497/month with 10% down, before taxes and insurance.
Source: NTREIS MLS closed sales, September 5 2025 to September 5 2026. Aggregate data only; Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Text Ryan · Call/text (972) 974-1821.