North Texas Housing Market & Developments (August 2025)

The Real McCoys - Realty International Group • August 5, 2025

North Texas Housing Market & Developments (August 2025)

The Real McCoys - Realty International Group • August 5, 2025

Regional Trends: North Texas housing is shifting toward a buyer’s market. Inventory is at a 20-year high (about 5.4 months supply, +20% year-over-year)[1]. Homes now sell at ~95% of list price on average, with rising price reductions and many sellers cancelling listings (Collin County saw a 57% jump in listing withdrawals)[2]. Mortgage rates (~6.8% on 30-year loans) are expected to gradually ease through 2026[3], improving affordability. Combined with strong population growth, these trends should stabilize prices and give buyers more negotiating power later in 2025[3][4].


Plano

  • Zoning & Housing Policy: New state laws will force Plano to allow more housing. Legislation signed in mid-2025 (SB 840, SB 15, SB 2477) mandates multifamily/mixed‐use housing in all nonresidential zones, raises minimum lot sizes to 3,000 sq ft, and eases conversion of offices to housing. Plano officials are evaluating these rules at upcoming Planning & Zoning and Council meetings (target compliance by Sept. 2025)[5][6]. This could spur more townhome and small‐lot development in commercial corridors.
  • Infrastructure/Construction: As of July 2025, Plano City Council agenda highlights include naming a new park and approving concrete repairs (e.g. Custer Road)[7]. Major projects like the redevelopment of The Shops at Willow Bend (“The Bend” mixed-use center) have been approved and are underway (Transforming the former mall into retail, office and residential). (Plano’s weekly “City Page” notes new developments but no specific grocery/retail openings were reported for August 2025.)


Richardson

  • Housing Diversity (“Missing Middle”): With undeveloped land scarce, Richardson is actively approving “missing middle” projects. City studies emphasize adding townhomes and multifamily for young families and grads[8]. Recent approvals include an 89-unit townhome complex at 3600 Shiloh Road[9]. Other small-lot projects in the east (e.g. 36-unit Duck Creek Villas, 34-unit Valencia Villas, 88-unit “Park Hollow” opening Summer 2026) are in progress[10][11]. Overall, middle‐housing (cottages, duplexes, townhomes) is rising toward 20% of Richardson’s stock. City staff will use a new housing needs study (late 2025) to guide further zoning changes[12][13].
  • Local Planning: Richardson City Council and Plan Commission are reviewing development cases. (For example, a zoning change for a Mediterranean restaurant was approved recently.) The city continues to update its Comprehensive Plan (Vision 2040) and hold budget/workshop meetings in early August, but no single retail grand openings were reported for August.


Frisco

  • Major Master-Planned Developments: Frisco approved a $3B “The Mix” project (112 acres at Dallas Parkway & Lebanon Rd). This mixed-use hub will include 2 million sq ft of Class‑A office, 375,000 sq ft retail (including a high-end grocery), hotels, 630 residences (townhomes/apartments), and a 9‑acre park[14]. City incentives ($113.4M in grants) were tied to building an underground parking garage, office and grocery (40,000 sq ft) as first-phase milestones[15]. Construction on The Mix is slated to start in 2025.
  • Infrastructure Projects: Frisco’s $201M Northern Corridor initiative is underway. Key road rebuilds (including 18 miles of Dallas North Tollway lanes) are scheduled for completion in Q3 2025[16][17]. In early August 2025 Frisco news noted freeway widening closures (DNT) and local streetwork (e.g. PGA Pkwy)[18][16]. In downtown, a $69M “Rail District” makeover (Main/4th Street plazas and parking garage) began in 2024 and should finish mid-2026[19]. These projects will improve traffic flow and support new residential/retail growth citywide.
  • Tourism/Economic Drivers: Large attractions (Universal Kids Resort opening 2026, the Fields master plan with PGA headquarters and theme parks) continue construction[20][21]. Frisco remains a top HQ destination (notably Toyota’s future campus) and is rapidly absorbing new office space[15][16].


McKinney

  • Retail/Grocery: McKinney’s first Whole Foods Market opens Aug 27, 2025 (8 am) in the West Grove mixed-use center on W. University Drive[22][23]. The 47,918 sq ft store will anchor that center and draw natural/organic shoppers from McKinney and surrounding suburbs. (Whole Foods added ~75–100 jobs and features local Texas products.)
  • Mixed-Use Development: In April 2025, McKinney council approved Long Branch (155 acres at US-75/380 bypass). This $1.3B project will eventually include ~1,600 apartments, 135,000 sq ft retail (anchored by a ~65,000 sq ft grocery), 318,600 sq ft of office, a hotel and structured parking[24]. Infrastructure work begins late 2025, with phased buildout over the next decade. This massive development is expected to boost housing supply and retail in north McKinney.
  • Zoning/Public Projects: At its Aug. 5, 2025 meeting McKinney City Council will consider rezoning 8 acres on N. Custer Road to “C2” commercial. The P&Z Commission has recommended approval; the site (near future Wilmeth Rd extension) is planned for neighborhood-serving retail or a private school[25][26]. Separately, McKinney’s Economic Development office is studying housing and neighborhoods – an Aug 5 open house invites resident input on McKinney’s new Housing Plan (combining public feedback and city strategies for growth).


Prosper & Celina

  • Grocery/Construction (Prosper): Prosper’s first H-E-B supermarket will open Aug 13, 2025 at 2145 W. Frontier Pkwy (6 am launch)[27][28]. The 132,000 sq ft store (with pharmacy and BBQ restaurant) broke ground in April 2024. This major grocer will serve Prosper/Celina families and spur nearby retail. Prosper’s Town Council also approved a $10.87M contract (in July 2025) to widen Coit Road (First Street → Frontier Pkwy). Phase 1 (First St. to Prosper Trail) begins late Aug/early Sept. 2025[29], adding lanes, trails and drainage. This expansion (full $24M project) is funded by bonds and a county grant[29][30].
  • Schools (Prosper/Celina): Prosper ISD will open four new campuses for Fall 2025: two elementary schools (Jana Thomson ES and Virgie Witt Smothermon ES), one middle school (Pete Moseley MS), and its 4th high school (Richland HS)[31][32]. In Celina, the district is building its 5th elementary (Big Bend Lane) for 2025-26[33]. These new schools (opened Aug. 2025) will relieve crowding in these rapidly growing districts.
  • Residential Developments: Both Prosper and Celina have many new housing projects underway. In Prosper, a 285-home neighborhood (“Mirabella” at University/Custer) is gearing up with ground-breaking slated summer 2025[34]. In Celina, multiple subdivisions are moving ahead:
  • Ramble Celina – a 1,380-acre master plan (4,000 homes) between Preston and Custer. Model homes open by April 2026[35].
  • Silo Crossing – approved mixed-use on GA Moore Pkwy (311 homes + 8 acres commercial)[36].
  • Mesa Verde – 130 homes on Celina Pkwy; Millen Farms – 58 homes near Preston; both approved in mid-2025[37].
  • Yardly Frontiers (246 cottage-style homes) and Yardly Sutton Fields (150 homes) are under construction in northeast Celina[38][39].
    This flurry of building reflects Celina’s explosive growth – Celina’s planners note that a bond will add 10 new schools (1 HS, 2 MS, 7 ES) to serve the influx
    [40].
  • Retail (Celina): Beyond H-E-B in Prosper, Celina’s first Sprouts Farmers Market is approved. Sprouts broke ground March 2026 (planned 23,299 sq ft store at Frontier Pkwy & Preston Rd) and will open in early 2027[41][42]. This organic grocer will add 75–100 jobs and diversify Celina’s retail mix.


Sources: Local city and school board documents and recent news reports were used. Data and quotes are cited from official city releases and reputable outlets (Community Impact, local planning updates, market analyses)[27][29][43][9][14][25][3].


[1] [2] [3] [4] Dallas-Fort Worth Housing Market Update: Mid-2025 Analysis | M&D Real Estate

[5] [6] Plano officials anticipate impacts to residential development standards following Texas legislature session | Community Impact

[7] Plano, TX - Official Website | Official Website

[8] [9] [10] [11] [12] [13] The missing middle: Richardson eyes diverse housing options to aid growth, talent retention | Community Impact

[14] [15] [18] News Flash • City of Frisco approves Master Development Agre

[16] [17] [19] [20] [21] Top 6 Major Projects Shaping Frisco In 2025 And For Years To Come - Local Profile | Collin County News & Events

[22] [23] Whole Foods in McKinney to open Aug. 27 | Community Impact

[24] McKinney City Council Approves $1.3 Billion Mixed-Use Development in Texas

[25] [26] Commercial zoning case for 8 acres heads to McKinney City Council | Community Impact

[27] [28] H-E-B sets opening date in Prosper | Community Impact

[29] [30] Prosper OKs $10.8M contract for Coit Road improvements | Community Impact

[31] [32] [33] [43] 5 campuses set to open for 2025-26 school year in Prosper ISD, Celina ISD | Community Impact

[34] [35] [36] [37] [38] [39] 8 developments coming soon, underway in Prosper, Celina | Community Impact

[40] Celina ISD looks to build 10 new schools with bond program

[41] [42] Sprouts Farmers Market to open in Celina | Community Impact


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