Allen, TX is a northern suburb of Dallas and is located in Collin County to the north and east of Plano, TX.  The city of Allen, TX is roughly 27 square miles and has a population of approximately 92,000.

Both the new and preexisting market for single family home sales has been strong in Allen for the last several years.  Here are some facts about the Allen, TX real estate market taken from the 10 year charts of single family home sales:

  • The median price of single family homes dropped slightly in the years following the financial crisis due to a decrease in sales volume and an increase in foreclosures, but prices have risen steadily over the last several years.
  • Both the median and average price of single family homes exceeded $100 per square foot for the first time in 2014 and $120 for the first time in 2016.  Prices may exceed $140 per foot in 2017.
  • The median price per square foot of new homes has averaged $20-$30 per square foot higher than preexisting homes over the last few years.
  • The supply of two bedroom homes in Allen, TX is extremely low.  On average, only 1-2 listings of two bedroom homes come on the market each month in Allen.
  • The average days on market for homes listed above $500K is typically much higher than lower priced homes.
  • The average days on market for new homes is, on average, longer than preexisting homes.  This is likely due to the fact that many new homes are larger and also priced much higher than preexisting homes on average.
  • The monthly supply of homes on the market in Allen has remained very low, even in the years following the financial crisis.  A market with a six to eight month supply of homes is generally considered to be a “normal and balanced” market.  Allen, TX has consistently maintained less than a six month supply of homes and has seen some months with a less than two month supply of homes.  In many cases, the most desirable homes in the most sought-after neighborhoods sold in less than one day, often with multiple purchase offers.  The supply of homes in the $500K and higher price range is typically much higher than the lower price ranges.
  • Due to the increase in home prices over the last few years, the supply of homes priced at $200K and below has decreased significantly.
  • Sales of preexisting homes outpaced sales of new homes by an almost 10-1 margin during the worst months following the financial crisis but has leveled off to an average of 3-1.
  • The number of new listings, pending sales, and closed sales tends to peak in the spring and summer months and taper off during the winter months, which are typical seasonal adjustments for Texas real estate markets.

10 Year Charts of Median and Average Sales Prices of Single Family Homes in Allen, TX:

Median Sales Price of Single Family Homes

Average Sales Price of Single Family Homes

Median Sales Price of Single Family Homes by Construction Type

Average Sales Price of Single Family Homes by Construction Type

Median Sales Price of Single Family Homes by Number of Bedrooms

Average Sales Price of Single Family Homes by Number of Bedrooms

Median Sales Price of Single Family Homes by Home Size

Average Sales Price of Single Family Homes by Home Size

10 Year Charts of Median and Average Sales Prices per Square Foot for Single Family Homes in Allen, TX:

Median Sales Price per Square Foot of Single Family Homes

Average Sales Price per Square Foot of Single Family Homes

Median Sales Price per Square Foot of Single Family Homes by Construction Type

Average Sales Price per Square Foot of Single Family Homes by Construction Type

Median Sales Price per Square Foot of Single Family Homes by Number of Bedrooms

Average Sales Price per Square Foot of Single Family Homes by Number of Bedrooms

Median Sales Price per Square Foot of Single Family Homes by Home Size

Average Sales Price per Square Foot of Single Family Homes by Home Size

10 Year Charts of Median and Average Original List Prices of Single Family Homes in Allen, TX:

Median Original List Price of Single Family Homes

Average Original List Price of Single Family Homes

Median Original List Price of Single Family Homes by Construction Type

Average Original List Price of Single Family Homes by Construction Type

Median Original List Price of Single Family Homes by Number of Bedrooms

Average Original List Price of Single Family Homes by Number of Bedrooms

Median Original List Price of Single Family Homes by Home Size

Average Original List Price of Single Family Homes by Home Size

10 Year Charts of Average Days on Market of Single Family Homes in Allen, TX:

Average Days on Market for Single Family Homes

Average Days on Market for Single Family Homes by Price Range

Average Days on Market for Single Family Homes by Construction Type

Average Days on Market for Single Family Homes by Number of Bedrooms

Average Days on Market for Single Family Homes by Home Size

10 Year Charts of Average Percent of Original List Price Received for Single Family Homes in Allen, TX:

Average Percent of Original List Price Received for Single Family Homes

Average Percent of Original List Price Received for Single Family Homes by Price Range

Average Percent of Original List Price Received for Single Family Homes by Construction Type

Average Percent of Original List Price Received for Single Family Homes by Number of Bedrooms

Average Percent of Original List Price Received for Single Family Homes by Home Size

10 Year Charts of Months Supply of Single Family Home Inventory in Allen, TX:

Months Supply of Inventory of Single Family Homes

Months Supply of Inventory of Single Family Homes by Price Range

Months Supply of Inventory of Single Family Homes by Construction Type

Months Supply of Inventory of Single Family Homes by Number of Bedrooms

Months Supply of Inventory of Single Family Homes by Home Size

10 Year Charts of Single Family Homes For Sale (Active MLS Listings) in Allen, TX:

Number of Single Family Homes for Sale

Number of Single Family Homes for Sale by Price Range

Number of Single Family Homes for Sale by Construction Type

Number of Single Family Homes for Sale by Number of Bedrooms

Number of Single Family Homes for Sale by Home Size

10 Year Charts of New Listings in Allen, TX:

Number of New Single Family Home Listings

Number of New Single Family Home Listings by Price Range

Number of New Single Family Home Listings by Construction Type

Number of New Single Family Home Listings by Number of Bedrooms

Number of New Single Family Home Listings by Home Size

10 Year Charts of Pending Single Family Home Sales in Allen, TX:

Number of Pending Single Family Home sales

Number of Pending Single Family Home Sales by Price Range

Number of Pending Single Family Home Sales by Construction Type

Number of Pending Single Family Home Sales by Number of Bedrooms

Number of Pending Single Family Home Sales by Home Size

10 Year Charts of Closed Single Family Home Sales in Allen, TX:

Number of Closed Single Family Home Sales

Number of Closed Single Family Home Sales by Price Range

Number of Closed Single Family Home Sales by Construction Type

Number of Closed Single Family Home Sales by Number of Bedrooms

Number of Closed Single Family Home Sales by Home Size

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