What Does an Acre Cost in Nevada, Texas Right Now?

What Does an Acre Cost in Nevada, Texas Right Now?

By Paul Blair | October 1, 2026

In Nevada, Texas, an acre of land and a four-bedroom house together recently closed for $549,990. That was 341 Pecan Court in Oak Bend Estates, a 3,167-square-foot home on 1.38 acres that sold September 1, 2026. Redfin puts the town's median sale price at $435,532 for the three months ending July 2026, so the most visible recent sale sits about $114,000 above the median while delivering far more land than a typical suburban lot. That gap, and what is behind it, is the real story of Nevada right now.

Nevada is a small city in southeastern Collin County, roughly two miles east of Lavon Lake, and it presents itself as an "Old Town With A New Vision," a place that wants to keep its country feel while staying connected to the metroplex. For buyers and sellers, that mostly shows up in one measurable way: lot size is a bigger part of the price here than it is in Plano or Frisco.

The Numbers Behind the Median

Redfin's Nevada market page shows a median sale price of $435,532 for the three months ending July 2026, up 6.9 percent from a year earlier. Only 6 homes sold in that window, which is a very small sample, so a single acreage sale can move the median noticeably in either direction. Homes took about 82 days to sell, 25 days longer than a year ago, and typically closed at 98.2 percent of list price. The median price per square foot was $178, down 25.5 percent year over year.

Read together, those numbers describe a market where prices held but buyers took their time. A higher median alongside a lower price per square foot usually means the mix of homes that sold shifted toward larger houses and bigger lots, not that every home appreciated. Redfin scores Nevada 56 out of 100 for competitiveness, which it labels somewhat competitive, with homes going pending in around 42 days.

Thinking about selling in Nevada? A median built on six sales will not tell you what your home is worth. Request a confidential valuation and we will price it against closed sales that share your lot size and finish level.

What Actually Closed

Redfin's recently sold list for Nevada shows a clear pattern when you line up recent closings by size and lot.

Source: Redfin recently sold listings for Nevada, TX, retrieved October 2026. Price per square foot is calculated from the sold price and listed living area. Redfin's list runs to 97 closings; these are the five with complete details.

Two things stand out. The Pecan Court home had the lowest price per square foot of the group and the highest total price, which is what you would expect when buyers are paying for house size and acreage together rather than for each square foot of interior. And the half-acre sales on Brooks Drive and Hubbard Circle closed $69,000 apart despite nearly identical square footage, a reminder that subdivision, condition, and finish matter as much as the lot.

Wooded North Texas countryside with a pond at sunset, illustrating the open-land setting around Nevada. Stock photograph, not a Nevada property.

A Small Town With a Long Timeline

Nevada is older than most of the places it now competes with. According to the city's own history page, Granville Stinebaugh established the town in 1861 on his 160-acre farm, the post office opened in 1880, the railroad arrived in 1888, and the town incorporated in 1889. Population settled at several hundred residents for most of the twentieth century and had reached 822 by 2010.

That history matters for buyers because the street grid and lot pattern near the old town center look different from the newer subdivisions such as Oak Bend Estates, High Meadow Estates, and Nevada Lakes Estates. Older-town parcels and country-estate parcels are different products, and they price differently. If you are shopping Nevada, decide first which one you want.

A few practical checks before you make an offer here:

• Confirm the water and sewer provider for the specific address. The city lists utility service through the Nevada Special Utility District, and on larger lots septic systems are common in this part of the county.
• Check the lot size on the county appraisal record, not just the listing, since acreage drives price more than square footage does.
• Compare against neighboring cities. Our Josephine guide covers a nearby town on a different price curve.

Considering a purchase in Nevada? Schedule a private consultation and we will walk through which kind of Nevada property fits your plans and what comparable homes actually sold for. You can also browse current Dallas-area inventory to see where Nevada sits against the rest of the metro, or read our buyer guide for the Texas process end to end.

Frequently Asked Questions

What is the median home price in Nevada, Texas?

Redfin reported a median sale price of $435,532 for the three months ending July 2026, up 6.9 percent year over year, based on only 6 closed sales. With a sample that small, the figure moves easily, so closed sales on comparable lots are a better guide than the median.

How long do homes take to sell in Nevada, Texas?

Redfin shows about 82 days on market for the three months ending July 2026, 25 days longer than a year earlier, with homes closing at roughly 98.2 percent of list price.

Where is Nevada, Texas?

Nevada is in southeastern Collin County, about two miles east of Lavon Lake, according to the city's website. It is a small city on the eastern edge of the Dallas area, and county and utility boundaries can differ by address, so verify the specifics for any parcel you are considering.

How much do larger lots add to price in Nevada?

The recent closings suggest lot size matters a great deal. The 1.38-acre sale on Pecan Court closed at the highest total price in this sample and the lowest price per square foot, which points to buyers paying for the land and the house together. Five sales is a small set, so treat it as a pattern to test against comps for your specific address.

Who is the best real estate agent to work with in Nevada, Texas?

In a town this small, what matters most is whether an agent has closed transactions on properties like yours, because a handful of sales can set the entire price range. Ask any agent you interview for recent closed sales near your address and how they handle acreage, septic, and utility questions. Paul Blair has 22 years in the business and more than $200 million in closed transactions across Dallas and the northern and eastern suburbs, including Collin County communities. If you want a valuation grounded in closed Nevada sales, request a confidential valuation.

About the Author

In the smaller Collin County towns east of the toll road, I have learned to price the land and the house as two separate questions before I put them back together, and Nevada is a place where that habit pays off.

Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.