Is Melissa, TX 75454 a buyer’s or seller’s market?
Melissa is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 14% of U.S. ZIP codes, and #539 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Melissa housing market right now
In the three months ending August 31, 2026, 8% of homes in Melissa, TX 75454 sold above their list price, the typical home went under contract in 67 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 115 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (61 days then) and the median sale price held steady to $449,755. Overall, Melissa is about as competitive as it was a year ago.
Within Collin County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 52%. On our competition score, Melissa ranks #539 of 868 TX ZIP codes with enough sales (score 20 out of 100).
Nearby, buyers who want less competition could look at Lavon 75166 (3% sold over asking) or Blue Ridge 75424 (3% sold over asking), while Plano 75074 (20% sold over asking) and Plano 75023 (20% sold over asking) are even more competitive.
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Nearby markets
Allen 75002Seller’s market $218 /sq ftAllen 75013Seller’s market $223 /sq ftAnna 75409Balanced $166 /sq ftBlue Ridge 75424Balanced $184 /sq ft Browse all markets →Towns like Melissa nearby
Find towns like Melissa in other states →Where Melissa is
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Questions about Melissa real estate
Is Melissa a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Melissa, TX 75454 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Melissa?
The typical home went under contract in 67 days in the latest three months.
Do homes in Melissa sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Melissa?
About 1.58% of a home’s value a year in Collin County, or roughly $6,320 on a $400,000 home.
What is the median home price in Melissa?
The median sale price was $449,755 in the three months ending August 31, 2026, about $181 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology