Inside DFW Real Estate

Allen, Texas real estate market update

Each month, The Dunnican Team publishes housing market updates covering the cities we serve across Northeast Dallas, Collin, Hunt and Rockwall Counties.

Our reports are sourced directly from the MLS transaction data, not estimates or industry averages, and always compared year-over-year so you can tell what's actually changing.

Our goal is to give you the same honest picture we use with our clients, explained the way we'd explain it across the table.

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monthly market update

Allen closed 77 homes in September 2026, down 24.5% from a year earlier, while active listings fell 10.4% to 336. Months of inventory dipped to 3.7, but that reflects fewer homes being listed rather than stronger demand. The median price fell 3.4% to $473,670, and price per square foot fell 3.7%, so values for comparable homes have eased modestly.

Allen, TX Housing Market Update – September 2026

Allen Housing Market Update | Reporting Period: Sep 1–Sep 30, 2026 • Data via NTREIS MLS

About this report. This is The Dunnican Team's monthly housing market update for Allen, Texas. Every figure comes straight from NTREIS MLS transaction data — what homes actually sold for, not estimates or automated valuations — and each one is measured against the same month a year earlier, because a number only means something when you can see what it used to be. Below you'll find the median sale price, closed sales, active inventory, months of supply, and days on market, along with what each of those actually means if you're weighing a move. We publish these every month so you can watch the trend rather than react to a single number. It's the same picture we walk our own clients through, explained the way we'd explain it across the table.

Quick Read

Allen's September numbers show both sides of the market pulling back and prices easing. Closed sales fell 24.5% from last September and active listings fell 10.4%, so months of inventory dipped to 3.7, but that reflects fewer homes being listed rather than stronger demand. The median price fell 3.4% to $473,670, and price per square foot fell 3.7%, so unlike the DFW Metroplex, the softening shows up in what comparable homes sold for.

Key Highlights | Allen Housing Market Update

Median Price: $473,670 (−3.4% YoY)
Closed Sales: 77 (−24.5% YoY)
Active Listings: 336 (−10.4% YoY)
Months of Inventory: 3.7 (−0.3 from September 2025)

Market Commentary

PRICES
The Allen median sale price was $473,670 in September 2026, down 3.4% from September 2025, which keeps pricing in stable territory but on the softer side. Median price per square foot fell 3.7% to $207.95, nearly matching the median's decline. That's a different pattern from the DFW Metroplex, where price per square foot barely moved. In Allen, the change reflects what comparable homes are selling for, not just which homes sold. Homes closed at a median of 94.4% of original list price, compared with 93.8% across DFW. The $400,000–$499,999 range was the most active, at 37.3% of closed sales, followed by $500,000–$749,999 at 24.0%. For context, the DFW median was $379,990 and the Texas median was $329,900.

SALES ACTIVITY
A total of 77 homes closed in Allen in September, down 24.5% from September 2025, a clearly softer transaction pace. The homes that did sell moved relatively quickly. The median home took 46 days to go under contract, one day less than a year ago, and 31 days from contract to close, two days faster. Total time from listing to closing was 77 days, compared with 95 days across the DFW Metroplex.

INVENTORY
Active listings totaled 336 in September, down 10.4% from a year ago, which means tighter selection for buyers. Because closings fell even more sharply, this is a listing pullback rather than buyers absorbing homes faster. Fewer homeowners are putting homes on the market, and fewer buyers are closing.

MARKET BALANCE
Months of inventory stood at 3.7, down from 4.0 a year ago. That's under the 4.0-month level that typically favors sellers, and tighter than the DFW Metroplex at 4.5 months and Texas at 5.5 months. Supply is limited, but with sales down by about a quarter and price per square foot slipping, Allen sellers don't have the pricing power that number alone might suggest.

What Sellers Need to Know

Supply is limited at 3.7 months, and the median home went under contract in 46 days, faster than the DFW pace of 63 days.
Price per square foot fell 3.7%, so last year's sales may overstate what buyers will pay today. Price to current comparable sales.
Homes closed at a median of 94.4% of original list price, slightly stronger than the DFW median of 93.8%.
Fewer competing listings help, but fewer buyers are closing too. Condition and pricing decide which homes sell.

What Buyers Need to Know

Selection is tighter than a year ago, with 336 active listings and 3.7 months of supply.
Price per square foot is down 3.7% from last September, so values have eased modestly.
The $400,000–$499,999 range is the busiest at 37.3% of sales, which gives you the most comparable sales to judge value against.
Well-priced homes are going under contract in about 46 days, so have your financing lined up before you find the right one.

Allen Housing Market Outlook: Fall 2026

Allen enters the fall with tighter supply but softer demand, with listings down 10.4% and closings down 24.5% from a year ago. If homeowners continue to hold off on listing, months of supply could stay under 4.0 even with slower sales, which would keep well-priced homes moving. Price per square foot has already eased 3.7%, and mortgage rates moved higher through late September and early October; if rates stay elevated, that pricing pressure is likely to continue through the holidays. If rates ease, the $400,000–$499,999 range, where 37.3% of September's sales occurred, is where renewed demand would likely show up first. Sellers who price to current comparable sales rather than last year's numbers are best positioned.

Trending in Real Estate News

Housing Market Update: Asking Prices Fall for the First Time Since March (Redfin, October 15, 2026)
National asking prices slipped below last year's level, a record share of sellers cut their price, and Dallas was among the metros with the steepest drop in new listings.
Zillow September 2026 Market Report (Zillow Research, October 6, 2026)
Newly pending sales fell sharply nationwide in September as mortgage rates climbed, while home values stayed close to flat.
Have Mortgage Rates Peaked, or Will We See Even More Chaos? (HousingWire, October 10, 2026)
A look at the bond-market volatility behind this fall's higher mortgage rates, and what it has meant for pending sales and price cuts.
Homebuyers Have More Fresh Options Than They've Had in 4 Years (Redfin, September 3, 2026)
New listings rose nationally while demand stayed flat, though Dallas and Fort Worth were exceptions, with fewer new listings than a year earlier.

Numbers describe a market. They do not describe your home, your street, or your timeline. If you are weighing a move in Allen, Texas, Cindy and Cory Dunnican are glad to walk through what this data means for your specific situation — no pressure, no obligation. Get in touch with The Dunnican Team or call 972-679-1789.

Source: Texas REALTORS® Data Relevance Project via MetroTex Association of REALTORS® (Allen, Dallas-Fort Worth-Arlington MSA, and Texas; September 2026, with September 2025 comparisons). Underlying data from NTREIS MLS; analysis provided through the Texas Real Estate Research Center at Texas A&M University.

Allen Housing Market FAQs – September 2026

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

Supply is on your side. Allen had 3.7 months of inventory in September 2026, under the 4.0-month level that typically favors sellers, and the median home went under contract in 46 days. Price per square foot fell 3.7% from a year ago, though, so pricing to current comparable sales matters more than last year's numbers.

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

Selection is tighter, with 336 active listings, down 10.4% from a year ago. Values have eased modestly, with the median at $473,670 and price per square foot down 3.7%. Homes closed at a median of 94.4% of original list price, so expect less negotiating room than the DFW average.

How long are homes taking to sell in Allen?

In September 2026, the median home took 46 days to go under contract and 31 days from contract to close, for 77 days in total. That's faster than the DFW Metroplex, where the total was 95 days.

Are home prices rising or falling in Allen?

They're easing. The September 2026 median was $473,670, down 3.4% from September 2025, and price per square foot fell 3.7% to $207.95. Because both measures moved together, the decline reflects lower prices for comparable homes, not just a change in which homes sold.

How competitive is the Allen housing market?

Allen leans slightly toward sellers on supply, at 3.7 months of inventory, but closed sales fell 24.5% from a year ago. The $400,000–$499,999 range is the most active, at 37.3% of September's sales, so that's where competition for well-priced homes is most likely.

Have questions about what these numbers mean for your home or your search? Connect with The Dunnican Team. We're glad to walk through your neighborhood and price range.

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