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By the Numbers

Real Estate Market Update

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Allen, TX

MEDIAN SALES PRICE

$505,000

MEDIAN SALES PRICE

CLOSED SALES

334

CLOSED SALES

ACTIVE LISTINGS

366

ACTIVE LISTINGS

MONTHS INVENTORY

3.9

MONTHS INVENTORY

The Dunnican Team

Allen, TX Housing Market Update

Allen's Q2 2026 data stands out in this report cycle for delivering one of the cleaner softening signals — no mix-shift distortion, no contradictory metrics, just a consistent directional read across multiple indicators. The median sale price declined 3.6% to $505,000, median price per square foot fell 5.3% to $210.68, and median home size decreased from 2,610 to 2,506 square feet — all three metrics pointing the same direction. When both overall median and per-unit values decline with home size also slightly smaller, the softening is genuine and reflects real pricing pressure in Allen's upper-mid market rather than a statistical artifact. Closed sales fell 8.0% to 334 while active listings dropped 11.4% to 366 and months of supply held at 3.9 — balanced, with structural signals that are more constructive than the headline price decline suggests. The close-to-original-list ratio slipped from 98.1% to 96.6%, giving buyers modest but real negotiating room. Allen's $500,000–$749,000 dominant price band, 25-year median home age, Collin County location, and established school district reputation give it a loyal demand base that has historically supported price recovery once rate headwinds ease — and the inventory contraction is already building the structural foundation for that recovery.

Allen, TX Housing Market Update – Q2 2026 | July 2026

Reporting Period: April 1–June 30, 2026 • Data via NTREIS / Texas REALTORS® Data Relevance Project

Key Highlights | Allen Housing Market Update – Q2 2026

  • Median Sale Price: $505,000 (−3.6% vs. Q2 2025)
  • Closed Sales: 334 (−8.0% vs. Q2 2025)
  • Active Listings: 366 (−11.4% vs. Q2 2025)
  • Months of Inventory: 3.9 (−0.4 months vs. Q2 2025)

Q2 2026 Allen Market Commentary

PRICES
Allen's median sale price came in at $505,000 in Q2 2026, a decline of 3.6% from Q2 2025's $524,000. Unlike some markets where a falling median can be explained by a shift in the mix of homes selling, Allen's data shows consistent softening across both headline metrics: median price per square foot dropped 5.3% to $210.68, and median home size declined from 2,610 to 2,506 square feet. When both the overall median and the per-square-foot value move in the same direction, it reflects genuine pricing pressure rather than a statistical artifact of what happened to close. Allen's upper-mid market — particularly the $500,000–$749,000 band that represents 33.3% of all Q2 closings — has softened from the elevated levels of recent years. This is a measured correction, not a collapse, but it's real and should factor into both pricing strategy and purchase decisions.

SALES ACTIVITY
Transaction volume softened in Q2 2026, with 334 closed sales — an 8.0% decline from the 363 recorded in Q2 2025. That's a meaningful pullback, though 334 closings in a single quarter still represents a healthy level of activity for a market Allen's size. Days on market came in at 39, up six days from Q2 2025's 33-day pace — buyers are taking more time to evaluate, which is consistent with the pricing pressure showing up in the median figures. The close-to-original-list-price ratio dropped to 96.6% from 98.1% a year ago — a 1.5-point decline that tells you negotiations are happening more frequently and buyers are successfully landing below full asking price. Days to close improved slightly to 29 days, down from 31 a year ago, suggesting that once a contract is in hand, the transaction process is moving efficiently.

INVENTORY
Active listings declined to 366 in Q2 2026, down 11.4% from Q2 2025. That's a notable inventory contraction in a market that has been working through elevated supply since 2023. The reduction in available homes — despite softening prices — suggests that sellers who don't need to move are holding back, keeping the listing pool tighter than it might otherwise be. The $500,000–$749,000 band dominates at 33.3% of sales, followed by $400,000–$499,000 at 24.2% and $300,000–$399,000 at 19.4%. Allen's price distribution is concentrated in the mid-to-upper range, with very little activity below $300,000 — which reflects both the established character of Allen's housing stock (median age 25 years) and the community's desirability.

MARKET BALANCE
At 3.9 months of inventory, Allen sits in balanced territory — technically below the 4.0-month dividing line between balanced and buyer-leaning, but close enough that neither side holds a decisive advantage. The combination of declining prices, reduced transaction volume, and a falling close-to-list ratio suggests buyers have more negotiating room than the inventory number alone would imply. This is a market where sellers need to be precise about pricing — the homes that are sitting are the overpriced ones, while correctly priced homes at 39 average days on market are still moving in a reasonable timeframe. For buyers, Allen at $505,000 median with a 3.6% price decline and a 96.6% close-to-list ratio offers more room to negotiate than the market was affording a year ago.

What Sellers Need to Know

  • Both median price (−3.6%) and price per square foot (−5.3%) declined year over year — this is genuine softening, not a mix-shift effect. Pricing strategy needs to reflect current market reality, not 2024 peak comparables.
  • The close-to-list ratio dropped from 98.1% to 96.6%. Buyers are negotiating successfully. Build a realistic cushion into your list price rather than pricing high and waiting for offers that won't come.
  • Active listings fell 11.4%, so you have fewer competitors than a year ago — but that advantage is offset by buyers being more selective and less willing to stretch on price.
  • At 39 days on market, correctly priced homes are still moving at a reasonable pace. If your home has been sitting past 45 days without a contract, the price needs a conversation.

What Buyers Need to Know

  • Allen's median price has declined 3.6% year over year to $505,000 — combined with a 96.6% close-to-list ratio, there's real negotiating room for buyers who come in with a well-supported offer.
  • The $500,000–$749,000 band represents the largest share of activity at 33.3% of sales — if that's your range, you have the most selection and the most comparable data to support your offer.
  • At 39 days on market, you have time to be deliberate — do your due diligence, get a thorough inspection, and don't feel rushed. The frenzied pace of 2022 is not this market.
  • Allen's school district, established neighborhoods, and 25-year median home age mean you're buying into proven infrastructure and community value — the fundamentals here are solid even as prices adjust.

2026 Allen Housing Market Forecast

Allen is navigating a measured pricing correction that is likely to persist through Q3 2026 before stabilizing. The dual decline in median price and price-per-square-foot suggests the upper-mid market above $500,000 is where the most pressure is concentrated — and with that band representing a third of all sales activity, it will continue to weigh on the overall median. If mortgage rates remain elevated through the summer, expect transaction volume to stay soft and days on market to hold in the 35–45 day range. Sellers who price accurately will continue to close; those who price to a 2024 market will sit.

If rates ease in Q4 2026, Allen stands to benefit — its established reputation, strong schools, and location within the Collin County growth corridor make it a top-of-list destination for relocation buyers and move-up buyers who have been waiting for better financing conditions. The 11.4% decline in active listings is actually a stabilizing factor: it prevents the kind of inventory overhang that could accelerate price declines. Overall, expect Allen to remain in balanced territory through the remainder of 2026, with pricing likely to bottom and begin stabilizing once rate conditions improve and buyer confidence returns.

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Questions About the Allen Market?

Whether you're thinking about selling in Allen's current market or looking to take advantage of the pricing correction as a buyer, The Dunnican Team can help you build a strategy grounded in the actual data. We work across Collin County and surrounding North Texas communities. Reach out anytime.

Source: NTREIS MLS / Texas REALTORS® Data Relevance Project — Allen, TX, Q2 2026 (April 1–June 30, 2026) with Q2 2025 comparison metrics. Data via MetroTex Association of REALTORS®. Analysis provided in partnership with the Real Estate Center at Texas A&M University. All figures reflect All Residential (SF + attached) — All Construction Types.

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Frequently Asked Questions – Allen Housing Market Update Q2 2026

Is it a good time to sell a home in Allen in 2026?

Allen requires honest assessment for sellers: both the median price and per-square-foot value declined in Q2 2026 with home size also slightly smaller — confirming this is real softening rather than a statistical artifact. The 3.6% median decline to $505,000 and the 5.3% per-square-foot drop to $210.68 are the pricing reality sellers need to anchor to. The more constructive signals are structural: active listings fell 11.4% to 366, months of supply held at 3.9 — balanced territory — and closed sales of 334 represent a healthy transaction volume despite the slowdown. The 96.6% close-to-list ratio means sellers are closing about 3.4% below original asking price when priced correctly. Sellers who price to current market conditions — not 2024 peak comparables — are operating in a market with meaningful buyer activity and limited competition from new construction. The 25-year median home age means Allen's inventory is established and cannot be easily replicated by new product, which provides a structural floor that pure new construction markets don't have.

Is it a good time to buy a home in Allen in 2026?

Allen's current pricing adjustment creates a genuine opportunity for buyers who have been targeting this established Collin County community. The 3.6% median price decline combined with a 96.6% close-to-list ratio gives buyers real purchasing power — on a $505,000 home, that combination translates to meaningful savings compared to what the same home would have cost and netted a year ago. At 3.9 months of supply with 334 quarterly closings, the market is balanced rather than oversupplied — buyer leverage exists but won't last indefinitely. Allen's school district reputation, established neighborhood character, and proximity to major Collin County employment corridors make it a consistent demand destination. When mortgage rates ease, the pool of qualified buyers who can act above $500,000 expands quickly — and Allen's inventory at 366 active listings is insufficient to absorb that demand surge without upward price pressure. Buyers who can act now are purchasing into the correction rather than chasing the recovery.

Are Allen home prices rising or falling in 2026?

Falling — and in Allen's case the data is unusually clear about it. The median sale price declined 3.6% to $505,000, median price per square foot fell 5.3% to $210.68, and median home size also decreased from 2,610 to 2,506 square feet. All three metrics moved in the same direction, which rules out the mix-shift explanation that accounts for misleading headlines in many other DFW markets this quarter. Allen's softening is real, it's in the upper-mid price segment that dominates the market at 33.3% of sales in the $500,000–$749,000 band, and it reflects the rate-driven compression of qualified buyers at those price points. The constructive context: active listings fell 11.4% alongside the price softening, which means supply is contracting as values adjust — a dynamic that provides a floor and points toward stabilization rather than continued decline as the correction works through the market.

How long are homes sitting on the market in Allen?

Homes that closed in Q2 2026 averaged 39 days on market — up 6 days from Q2 2025's 33. That increase is modest and reflects buyers taking more time to evaluate in a market where they have real alternatives and some negotiating room. Days to close improved 2 days to 29, putting the total list-to-close timeline at approximately 68 days for a typical Allen transaction — one of the faster total timelines among Collin County markets in this report. The combination of a 39-day average DOM and a 96.6% close-to-list ratio tells you Allen's market is functioning efficiently even in a period of price adjustment: homes are being priced to clear within a reasonable timeframe and closing near ask when they do. Sellers who build realistic expectations around a 40–50 day marketing period followed by a quick close are well-positioned in the current environment.

How competitive is the Allen real estate market right now?

Allen is balanced at 3.9 months of supply — technically just below the balanced-to-buyer threshold — with a 96.6% close-to-list ratio that gives buyers about 3.4% of negotiating room from original asking price. That's less leverage than some comparable DFW markets offer this quarter, reflecting the fact that Allen's inventory contraction (−11.4%) is keeping supply genuinely tight despite the price softening. The $500,000–$749,000 band at 33.3% of Q2 sales is the most active and most competitive price range — buyers here should come pre-approved with clear priorities and realistic offer anchoring based on current per-square-foot comparables. The $400,000–$499,000 segment at 24.2% is the next most active. Above $750,000, demand thins and buyer leverage increases. Allen's established character and consistent demand profile mean that well-priced homes at any level are moving within approximately 39 days — the market is competitive enough that qualified buyers who hesitate on the right home often lose it.

Buying or selling in Allen? Contact The Dunnican Team — we work across Collin County and can help you build a strategy grounded in what Allen's market is actually doing right now.

Allen Real Estate Overview

Established Excellence, Exceptional Schools, and a Prime Collin County Address

About Allen, TX

Allen is one of the most consistently sought-after cities in the Dallas-Fort Worth Metroplex — a fully built-out Collin County suburb that has earned its reputation through strong schools, well-maintained neighborhoods, and a quality of life that keeps residents here for decades. Located along US-75 (Central Expressway) approximately 25 miles north of Downtown Dallas, Allen offers straightforward access to major employment corridors in Plano, Richardson, and the Legacy business district while maintaining a distinct community identity that sets it apart from its neighbors.

What defines Allen is a sense of completeness. The infrastructure is established, the retail and dining scene is mature, the parks system is extensive, and the school district consistently ranks among the strongest in Texas. For buyers who want a proven community rather than a growing one, Allen delivers. For sellers, that same reputation translates to sustained demand and a buyer pool that knows exactly what it's getting.

Allen's market moves with the broader North Texas economy but tends to hold value well during softer periods — a function of its location, its school district, and the pride residents take in maintaining their properties and neighborhoods.

Homes for Sale in Allen, TX

Allen's housing stock reflects its development history — a city that grew rapidly through the 1990s and 2000s and has been filling in with infill development, estate-size lots along its eastern edges, and a limited but active resale market in its most established neighborhoods. New construction opportunities exist but are concentrated in specific pockets rather than across the city.

Property types include:

Established single-family homes in mature neighborhoods like Twin Creeks, Watters Crossing, and Bethany Mews — well-maintained, landscaped, and priced to reflect their location and school access

Luxury and estate homes in gated and semi-custom communities, particularly along Allen's eastern corridors where larger lots and custom finishes are more common

New construction in infill and planned communities, where builders continue to deliver homes in the $500k–$900k range targeting move-up buyers

Patio homes and paired villas in select communities, appealing to buyers seeking lower-maintenance living without leaving Allen's school boundaries

Active adult and 55-plus communities, a growing segment as longtime Allen residents look to downsize without relocating outside the city

Pricing in Allen spans a wide range — from the mid $300s for smaller homes in older neighborhoods to well over $1 million for estate properties — but the heart of the market lives in the $450k–$750k range, where the majority of resale activity concentrates.

Why Buyers Are Choosing Allen

Allen's appeal is not a secret, which is part of what makes it competitive. Buyers who are specifically targeting Collin County often put Allen at the top of the list — and for good reason.

Top reasons buyers are making the move:

Allen ISD, one of the most highly regarded school districts in Texas, with strong academics, athletics, fine arts programs, and a track record that matters to families at every stage

Excellent retail, dining, and entertainment access, anchored by Watters Creek and the Allen Premium Outlets, with everyday conveniences distributed throughout the city so nothing feels far

Extensive parks and trail systems, including Celebration Park, Cottonwood Creek Trail, and more than 900 acres of parks and open space woven throughout the community

A mature, walkable neighborhood fabric in older sections and well-planned amenities in newer ones — the city has had decades to get the details right

Consistent resale demand, driven by the school district and location, that gives buyers confidence their investment is unlikely to underperform the broader market

Strong commute access to major employment nodes along US-75 and the broader Plano/Richardson tech corridor — a meaningful advantage for buyers who commute north rather than into Dallas

For buyers comparing Allen against newer communities in Fairview, Lucas, or Wylie, the decision often comes down to a tradeoff between land and lot size versus access and established infrastructure. Allen consistently wins on the infrastructure side.

Your Local Experts in Allen Real Estate

Allen's market moves quickly in competitive price ranges and requires an agent who understands the neighborhood-by-neighborhood nuances — which streets are most desirable within Twin Creeks, which schools serve which sections of the city, and how to price a home in a market where buyers are well-informed and have options.

Cindy and Cory Dunnican of The Dunnican Team at Coldwell Banker Apex, Realtors® bring more than 25 years of experience serving buyers and sellers across Northeast Dallas and Collin County. Whether you're buying your first home in Allen, upsizing into a custom estate, or preparing to sell a property you've owned for years, they offer the local knowledge, strategic pricing approach, and personalized guidance to help you navigate this market with confidence.

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