Allen, TX Housing Market Update | Reporting Period: July 1–31, 2026
Key Highlights | Allen Housing Market Update
- Median Price: $488,750 (-4.2% year over year)
- Closed Sales: 122 (+24.5% year over year)
- Active Listings: 358 (-19.0% year over year)
- Months of Inventory: 3.8 (down from 4.7 last July)
Allen saw a notable pickup in sales activity this July even as inventory tightened and pricing eased — a market where demand is clearly outpacing what's on the shelf.
PRICES
Median price was $488,750, down 4.2% from July 2025. Price per square foot fell a similar 3.3% to $213.15, a fairly consistent signal that this reflects real pricing softening rather than a shift in home mix.
SALES ACTIVITY
Allen closed 122 sales in July, up 24.5% from a year ago — one of the stronger sales gains in our coverage area this month.
INVENTORY
Active listings fell sharply, down 19.0% year over year to 358. Months of inventory dropped to 3.8, down nearly a full month from last July.
MARKET BALANCE
At 3.8 months of supply, Allen leans toward sellers. Days on market rose slightly to 43, up two days from last July, and homes are closing at a strong 96.2% of original list price.
What Sellers Need to Know
- Inventory has tightened sharply, down 19.0% year over year, while demand is up.
- Homes are closing at a strong 96.2% of original list price.
- At 3.8 months of supply, conditions favor sellers.
- The $500K–$749K band leads Allen's market at 27.1% of closed sales.
What Buyers Need to Know
- Median price has eased 4.2% year over year, a modest affordability tailwind.
- Be ready for competition: closed sales are up nearly 25% while inventory has dropped.
- Homes are averaging 43 days on market — good listings aren't lingering long.
- Nearly 80% of closed sales fell between $300K and $749K.
2026 Allen Housing Market Forecast
If sales activity continues at its current stronger pace against a shrinking inventory pool, expect Allen to lean further toward sellers through the rest of the year. Pricing has eased modestly so far, but the imbalance between demand and supply could put renewed upward pressure on pricing if this trend continues. If mortgage rates ease further, watch for even more buyers to enter an already-tightening market. Sellers should find strong, quick results; buyers should be prepared to move decisively.
Trending in Real Estate News
- Realtor.com: National inventory continues climbing even as mortgage rates hover near 6.67%, giving buyers more room to negotiate heading into fall. Read more
- Redfin: Pending home sales edged up slightly in early August after a slow summer, though they remain below last year's pace nationally. Read more
- MetroTex Association of REALTORS®: North Texas inventory growth is starting to slow, with DFW posting modest year-over-year declines in active listings — an early sign the region may be stabilizing. Read more
- Zillow: Zillow's latest national forecast calls for roughly flat home price growth over the next year, with Dallas-area metros among those it expects to see modest price declines. Read more
Thinking about buying or selling in Allen? The Dunnican Team would love to help you make sense of what these numbers mean for your specific situation. Reach out anytime — we're happy to talk through your options, no pressure, no obligation.
Source: Texas REALTORS® MarketViewer — NTREIS data via the Texas REALTOR® Data Relevance Project, MetroTex Association of REALTORS® (July 1–31, 2026, compared to July 2025). The Dunnican Team at Coldwell Banker Apex, Realtors® | TREC License #0461619 | Designated Broker: Lori Arnold | Equal Housing Opportunity
Allen Housing Market FAQs
Is now a good time to sell a home in Allen?
Yes — inventory has tightened sharply while sales activity is up 24.5% year over year, and homes are closing at a strong 96.2% of original list price.
Is now a good time to buy a home in Allen?
Median price has eased 4.2% year over year, but expect competition — demand is up sharply while inventory has dropped nearly 20%.
How long are homes sitting on the market in Allen?
The average is 43 days on market, up two days from July 2025. From contract to closing typically takes another 29 days.
Are home prices rising or falling in Allen?
Prices are down. Median price fell 4.2% year over year to $488,750, and price per square foot dropped a similar 3.3% to $213.15.
How competitive is the Allen housing market right now?
Leaning toward sellers, at 3.8 months of supply. Closed sales are up sharply while active listings have dropped, creating real competition for available homes.
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