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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

$511,495

MEDIAN SALES PRICE

CLOSED SALES

111

CLOSED SALES

ACTIVE LISTINGS

347

ACTIVE LISTINGS

MONTHS INVENTORY

3.8

MONTHS INVENTORY

The Dunnican Team

Allen, TX Housing Market Update

Allen's May 2026 data reflects a market where pricing accuracy is rewarded with near-ask outcomes. The median was $511,495 (down 2.6%) with 111 closings (down 19.0%), while active listings held nearly flat at 347 homes — producing 3.8 months of supply. Homes averaged 37 days on market and closed in 66 total days. The defining metric: a 97.2% close/list ratio, one of the region's strongest, confirming that buyers at correctly priced Allen properties are committing with minimal negotiation.

ALLEN, TX HOUSING MARKET UPDATE – MAY 2026

Allen Housing Market Update | Reporting Period: May 1–31, 2026 • Data via NTREIS

Allen's May 2026 data maintains one of the stronger close/list ratios in the region at 97.2% — virtually unchanged from April — even as the median price declined modestly and volume fell 19.0% year over year. Active listings held nearly flat (+1.2%), supply remained tight at 3.8 months, and homes averaged just 37 days on market. The picture that emerges is a market where sellers who price accurately are consistently achieving near-asking outcomes in a competitive 37-day timeframe, despite a mild price softening trend.

Key Highlights | Allen Housing Market Update

  • Median Sold Price: $511,495 (−2.6% YoY)
  • Closed Sales: 111 (−19.0% YoY)
  • Active Listings: 347 (+1.2% YoY)
  • Months of Inventory: 3.8 (up 0.2 months from May 2025)
  • Sale-to-List Price Ratio: 97.2%
  • Days on Market: 37 (up 4 days from May 2025)
  • Days to Close: 29 (1 day faster than May 2025)
  • Median Price Per Sq Ft: $206.49 (−7.0% YoY)
  • Most Active Price Range: $500K–$749K (37.0% of closings)

PRICES
Allen's median sold price was $511,495 in May 2026, down 2.6% from May 2025. Price per square foot declined a steeper 7.0% to $206.49 — suggesting a shift toward larger homes in the closed sales mix rather than a uniform per-foot value decline. The 97.2% close/list ratio is the critical counter-narrative: sellers pricing to the current market are closing at 97 cents on the list dollar, which is an exceptional result given the volume and inventory context. The 25-year median home age and 2,476 square foot median size reflect Allen's established 2000s-era neighborhoods.

SALES ACTIVITY
One hundred eleven homes closed in Allen in May 2026, down 19.0% from May 2025. The volume decline is the most notable headwind in Allen's May data. Active listings held nearly flat (+1.2% to 347), and supply remained essentially unchanged at 3.8 months (+0.2 months). A volume decline without a corresponding inventory increase means fewer buyers are engaging — but those who do are closing near asking price. The 37-day DOM extended 4 days from last year — a modest change that has not disrupted the market's fundamental efficiency. Total pipeline was 66 days, up just 3 days.

INVENTORY
Active listings totaled 347 in May 2026, up just 1.2% from a year ago. At 3.8 months of supply — essentially unchanged — Allen is in seller-tilted territory. Stable supply in the context of a 19.0% volume decline means fewer buyers are converting to closings each month — but the supply balance hasn't worsened. The market is in a period of reduced transaction velocity rather than structural supply deterioration.

MARKET BALANCE
Allen continues to reward sellers who price accurately. A 97.2% close/list ratio in a market with only 3.8 months of supply is a strong outcome. The 19.0% volume decline shows buyers have become more selective, but those who engage are committing close to full price. For buyers, Allen's 37-day DOM means well-positioned homes move efficiently — preparation before searching is essential strategy in this Collin County community.

What Sellers Need to Know

  • The 97.2% close/list ratio is one of the region's strongest — sellers pricing accurately are capturing virtually every dollar of asking price.
  • Despite a 19.0% volume decline, supply held essentially flat at 3.8 months — the structural market dynamics remain in your favor.
  • The modest 7.0% PSF decline likely reflects a mix shift toward larger homes — get a current CMA on your specific property type before assuming broad value erosion.
  • Plan for a 37-day pre-contract window and 66-day total pipeline at current conditions. Well-prepared, accurately priced listings are moving within this timeframe.

What Buyers Need to Know

  • 3.8 months of supply is seller-tilted territory — well-priced Allen properties are not sitting. Be financially prepared and ready to act quickly on target listings.
  • The 97.2% close/list ratio means sellers aren't accepting discounts. Bring competitive, well-supported offers on properties you want to purchase.
  • Allen ISD schools, strong community infrastructure, and consistent Collin County employment proximity drive persistent demand in this market.
  • The 37-day average DOM means deliberation window is limited. Define your needs clearly before you start searching so you can move decisively when the right property appears.

2026 Allen Housing Market Forecast

Allen's market is holding its core competitive character — a high close/list ratio, tight supply, and fast DOM — even as transaction volume has pulled back. The 19.0% volume decline is the one variable that bears watching: if it persists or deepens, some supply tightening may follow. But for May 2026, the structural picture is a market in equilibrium at current price levels where correctly priced listings produce strong seller outcomes.

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Questions about the Allen market?

The Dunnican Team at Coldwell Banker Apex specializes in Allen and the surrounding North Texas market. Whether you're buying, selling, or monitoring your home's value, we can walk you through what the current data means for your specific situation. Call us at 972-679-1789 or visit thedunnicanteam.com.

Source: Texas REALTORS® MarketViewer (NTREIS/MetroTex Association), reporting period May 1–31, 2026.

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Allen Housing Market — Frequently Asked Questions

What is the median home price in Allen, TX right now?

The median sale price in Allen was $511,495 in May 2026, down 2.6% from May 2025. Price per square foot was $206.49, down 7.0% — a steeper decline that suggests a shift toward larger homes in the closed sales mix. The 97.2% close/list ratio confirms that sellers pricing accurately are still closing very near their asking price.

Is Allen a buyer's market or seller's market in 2026?

With 3.8 months of supply and a 97.2% close/list ratio, Allen is in seller-tilted territory as of May 2026. Active listings held nearly flat and supply is essentially unchanged. Sellers who price to current comps are achieving excellent outcomes.

How long does it take to sell a home in Allen, TX?

In May 2026, Allen homes averaged 37 days on market before going under contract, then 29 days to close — a total of 66 days from listing to closing. That's just 3 days longer than May 2025 — essentially unchanged.

Are home prices rising or falling in Allen?

Allen's median sale price declined 2.6% year over year to $511,495 in May 2026. Price per square foot fell a steeper 7.0%, likely reflecting a shift toward larger homes in the sales mix. Despite the headline softening, the 97.2% close/list ratio signals market equilibrium.

What makes Allen a competitive housing market despite price softening?

Allen's combination of Allen ISD schools, strong community infrastructure, proximity to Collin County employment, and controlled inventory (3.8 months) keeps buyer demand consistent. The 97.2% close/list ratio confirms that correctly priced Allen homes continue to attract buyers willing to pay near asking price.

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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