Allen Real Estate Statistics & Trends

As of the conclusion of 2023, Allen, TX, showcases a real estate landscape marked by resilience, affordability challenges, and strategic opportunities. The city closed the year with a median sales price of $540,000 for single-family homes, representing a decrease of 5.3% from 2022. However, the impressive 170% increase from the 2008 Great Recession underlines the long-term appreciation and stability in Allen's housing market.

The average days on market in 2023 experienced a slight increase, rising from 21 to 32 days. Despite this, it is the third lowest figure since 2008, reflecting the overall efficiency of the market. Remaining below the 90-day mark, Allen continues to be identified as a seller's market. In 2023, 963 homes sold, marking a 13% decrease from the previous year and a third less than the sales volume observed in 2008. This emphasizes the ongoing challenge of low inventory not only in Allen but also in the broader Dallas-Fort Worth area.

Sales price distribution analysis highlights that three-quarters of Allen homes sold within the $300,000 - $699,999 price range. Notably, the $700,000 - $799,999 price band experienced a 30% drop in sales from 2022 to 2023 (126 homes sold vs. 88 homes sold), indicating a shift in buyer preferences.

Looking ahead to 2024, Allen is poised to sustain its seller's market status. With interest rates continuing to decrease (measuring 6.61% for a 30-year fixed mortgage as of December 31, 2023), homeowners can anticipate favorable equity outcomes. While buyers remain active, the market may not experience the intense competition seen in previous years. Affordability remains a concern, with median home values hovering around $550,000.

For those considering selling their Allen homes in 2024, strategic planning is key. Feel free to reach out for collaborative efforts to ensure a successful sale in this dynamic and evolving real estate environment.


Click here to see current month to month Allen real estate trends & statistics:


Allen Historical Real Estate Trends

The sales price distribution trend for Allen is the pattern and distribution of home sale prices. The trend illustrates how properties are priced and sold across various value ranges, providing insights into the overall market dynamics and 
buyer/seller behavior.

Allen, TX Demographic Information


Median Resident's Age: 39

Median Income: $121,127

Population Estimate (2023): 115,548

School District: Allen ISD

Most Expensive Home Sold: $4,290,000 (2023)

Bachelor's Degree or Higher: 63%

Homeownership Rate: 71%

Architectural Style of Homes: Contemporary | Traditional


Do You Know What Your Home Is Worth?

Values have increased in your area. Find out how much your home is worth now!
By submitting this form, your Home Search Service account will be established, you agree to our Terms Of Use, and that we, our staff or lenders may call/text you about your inquiry. You do not need to consent as a condition of buying a property, goods or services. Messages/data rates may apply. You may optout at any time. View Privacy Policy