JUMP TO: DFW Market Update | For Sellers | For Buyers | City Updates | Neighborhood Updates
Allen Real Estate Market Update
Latest Update: May 8, 2025
📊 Key Highlights This Month:
• Median price down 3.4% to $513,750
• Closed sales up 15.0% YoY
• Inventory up 19.6% with 2.7 months of supply
🏠 Home Prices: Slight Dip Despite Strong Demand
The median home price in Allen was $513,750 in April 2025 — a 3.4% decrease year-over-year. While pricing softened slightly, buyer activity picked up, signaling resilient demand in this well-established Collin County suburb.
📈 Sales Rise as Listings Increase
Closed sales climbed to 123 homes (▲ 15.0% YoY), while active listings rose to 256 (▲ 19.6%). Months of inventory inched up to 2.7, suggesting a still-active market that favors well-positioned sellers.
⏱ Slightly Longer Transaction Timelines
Days on Market: 35 (up 3 days YoY)
Days to Close: 32 (up 5 days)
Total Transaction Time: 67 days (up 8 days YoY)
Additional metrics: Median price per square foot: $226.69 (▼ 1.5%)
Median home size: 2,419 sq ft
Median year built: 1999
Close-to-original list price ratio: 97.3%
What Sellers Need to Know
- ✅ Prices have dipped: Median values are down 3.4% YoY — accurate pricing is key.
- ✅ Buyer demand is healthy: Sales are up 15% — well-presented homes are moving.
- ✅ More listings, more competition: Inventory is up nearly 20%.
- ✅ Closings take about 2 months: Average transaction time is now 67 days.
- ✅ Homes are selling near list: 97.3% close-to-original list price ratio signals strong offers.
What Buyers Need to Know
- ✅ More homes to explore: Inventory is up — fewer bidding wars in most price points.
- ✅ Prices have moderated: A slight decline offers better entry opportunities for buyers.
- ✅ Solid long-term value: Allen continues to attract demand with strong schools and amenities.
- ✅ Expect quick decisions: Homes are still moving in just over two months.
- ✅ Space and features: With a median home size over 2,400 sq ft, most homes offer generous layouts.
📍 Market Updates by City
Click your city to explore local market trends, including pricing shifts, inventory changes, and what it means for buyers and sellers.
© 2025 Texas REALTORS® – Data used in this report come from the Texas REALTOR® Data Relevance Project, a partnership among Texas REALTORS® and local REALTOR® associations throughout the state. Analysis provided through a research agreement with the Real Estate Center at Texas A&M University.
