Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in Allen is about $630,000 as of Sep 2026, up 4.8% from a year ago. The typical listing is 8% larger than a year ago, and asking price per square foot is down 4.2%. So the size of homes on the market explains much of the rise. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Only on the right house. Neither side has the upper hand in Allen right now. The signals split. Compared with 2017–2019 at this time of year, 29% of sellers have cut their price, against 33% then, but there are 28 pending sales per 100 listings, against 36 then. The market will not hand you a discount. You have to find it in one specific listing.
Asking price per square foot in Allen is 12.3% below its May 2023 high and down 4.2% over the last year. Prices were above the year before in 68% of months since the data starts, so drops here have not always reversed quickly. 29% of sellers have cut their price. Underwrite with no price growth for now and let the seller carry the next cut.
The population in Allen's ZIP codes grew 9.6% over five years, faster than 84% of the cities we track. Households (+12.8%) and housing (+13.4%) grew in step. Homes for sale are 13% below 2017–2019 at this time of year.
For every 100 homes still for sale, 28 are under contract. In 2017–2019 at this time of year it was 36. The rest are still waiting for a buyer. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.
Allen listings spend a median 61 days on the market. There are 410 homes for sale in Allen. That is 10.0 times the tightest month on record, but below the peak of 560. Supply is shrinking against last year.
The median asking price is 13.2% below its Jun 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Allen prices rose in only 75 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
Ranked among the 77 Texas markets we track:
In Allen, 28 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 24 in 100. Allen added about 2,800 renter households in five years. Renter households average 2.4 people. Two and three bedrooms fit the typical renter.
The median Allen household earns $141,304 a year. Incomes here have grown 4.6% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.5 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $3,533 a month.
To see what one Allen address would rent for and cash flow, run it through the app.
Read how price cuts signal a market turning and how we read these numbers, then run the numbers on a deal.
The median asking price in Allen is about $630,000 as of Sep 2026, up 4.8% from a year ago. The typical listing is 8% larger than a year ago, and asking price per square foot is down 4.2%. So the size of homes on the market explains much of the rise. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Allen figures cover the 2 ZIP codes with an Allen mailing address, which can reach past city limits.
Neither side has the upper hand in Allen right now. We compare Allen with 2017–2019 at this time of year: there are 28 pending sales per 100 listings, against 36 then; 29% of sellers have cut their price, against 33% then; there are 13% fewer homes for sale.
The median asking price is 13.2% below its Jun 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Across 9 full years, Allen asking prices ran lowest in December, about 5.3% below the year's average. They peaked in June. The most homes for sale show up in July, about 28% above the yearly average.
Assume +1.4% a year. Allen grew 4.5% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Allen grows about 1.4% a year. That is the number to type in. Prices fell 4.2% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Collin County is $1,931 a month for 2 bedrooms and $2,431 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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