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Featured local agent — Allen Park, MI
Sarah Mitchell
Compass Real Estate · Allen Park, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Allen Park, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$257,500median sale price
How is the Allen Park, MI housing market right now?
The median home sale price in Allen Park, MI is $257,500, up 7.1% year-over-year. Homes sell in an average of 11 days with 36 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Allen Park a buyer's or seller's market?
Allen Park, MI is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
11
Fast-moving
Active listings
36
1.3 months supply
Sale-to-list
101.9%
Above asking
What does the Allen Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $257,500 |
| Median list price | $224,900 |
| Year-over-year price change | +7.1% |
| Average days on market | 11 days |
| Active inventory | 36 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 101.9% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 49 |
| Listings with a price cut | 25.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Allen Park by property type?
How the Allen Park, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $260,000 | $175/sq ft | 25 | 9 days |
| Condo / Co-op | $186,850 | $133/sq ft | 2 | 92 days |
Source: Redfin · Updated monthly
The Allen Park housing market is currently classified as a strong seller's market with a median sale price of $257,500. Prices have risen 7.1% compared to last year, with homes spending an average of 11 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.7x provides context for how home values compare to local earning capacity.
Homes for sale in Allen Park
There are currently 36 homes listed for sale in Allen Park, Michigan. The median listing price is $225K.
Active listings
36
Homes on market
Median list price
$225K
Avg. days on market
11
Days until sale
New this week
49
Newly listed
Who lives in Allen Park?
Population
28,128
Median income
$80,045/yr
Median age
43.2 years
Owner-occupied
86.2%
College grads
29.9%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Allen Park?
Zillow home value
$213,794
Zillow rent index
$1,256/mo
Price-to-rent ratio
14.2x
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Allen Park?
Allen Park is a community of approximately 28K residents with a median age of 43.2 years.The median household income is $80,045, which reflects a relatively affluent area with strong earning potential. 29.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 86.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Allen Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Allen Park?
7 schools tracked · 5,083 students
The largest public schools serving Allen Park, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Allen Park High School
Grades 9-12 · 1,136 students
Melvindale High School
Grades 9-12 · 979 students
Allen Park Middle School
Grades 6-8 · 901 students
Lindemann Elementary School
Grades PK-5 · 642 students
Bennie Elementary School
Grades PK-5 · 506 students
Arno Elementary School
Grades PK-5 · 506 students
Rogers Early Elementary School
Grades PK-1 · 413 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Allen Park, MI?
Want a head-to-head view? Compare Allen Park side-by-side with any other U.S. city using our market-comparison tool.
Is Allen Park a good real estate investment market?
For investors evaluating Allen Park, the price-to-rent ratio of 14.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 7.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Allen Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Allen Park's median home price.
Frequently asked questions
What is the average home price in Allen Park?
The median home sale price in Allen Park is $257,500, up 7.1% from last year.
How long do homes stay on market in Allen Park?
Homes typically spend 11 days on market before going under contract.
What is the median income in Allen Park?
The median household income is $80,045 per year.
Is Allen Park a buyer's or seller's market?
With 1.3 months of supply, Allen Park is currently a strong seller's market.
What is the Zillow home value estimate for Allen Park?
The Zillow Home Value Index (ZHVI) for Allen Park is $213,794, representing the typical home value in the area.
What is the median condo price in Allen Park?
The median condo/co-op sale price in Allen Park, MI is $186,850, compared to $260,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Allen Park?
The median single-family home price in Allen Park, MI is $260,000 (about $175 per square foot).
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