New Listing
20
$100,000
602 Keith Dr
Allen, TX 75002
0 ba
Land14,810 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Allen, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Allen, TX(512) 555-0184TX License #0512847
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Allen, TX Housing Market
Balanced market-7.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Allen, TX is worth $485,393, fell 7.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $511,495, -2.6% year over year (through May 2026). With 3.4 months of supply and homes going under contract in about 29 days, Allen is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $485,393 home is about $2,591/mo in principal and interest.
Key numbers for Allen, TX
Typical home value
$485,393
-7.4% in 12 months
Zillow, August 2026
Typical asking rent
$1,714/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$511,495
-2.6% year over year
Redfin, through May 2026
Days on market
29
Average pace
Redfin, through May 2026
Active listings
366
3.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$129,130
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.5%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Allen a buyer's or seller's market?
Balanced market3.4 months of supply29 days on market98.5% of asking
Allen, TX is a balanced market, based on 3.4 months of supply and homes selling in about 29 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Allen housing market data show?
Every row below is Redfin's final published month for Allen, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $511,495 |
| Median list price | $575,000 |
| Year-over-year price change | -2.6% |
| Median price per sq ft | $206/sq ft |
| Median days on market | 29 days |
| Active inventory | 366 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 98.5% |
| Homes sold (that month) | 108 |
| New listings (that month) | 166 |
| Listings with a price cut | 30.9% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Allen is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Allen is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Allen home prices moved?
Over the last three years the median sale price in Allen, TX held roughly flat 0.2%, from $510,591 to $511,495. The live Zillow value series has fell 7.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.9% of Allen listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.4 months while the sale-to-list ratio slips below its current 98.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Allen?
Priced off the typical home value of $485,393 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $97,079 | $388,314 | $2,591/mo |
| 5% | $24,270 | $461,123 | $3,077/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,591, that implies roughly $111,055 a year before you add taxes and insurance. The median household in Allen earns $129,130, about $18,075 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Allen in the next 12 months?
Tell us your timeline. We send the Allen market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Allen?
Typical asking rent in Allen, TX is $1,714/mo, against a typical home value of $485,393. That is a price-to-rent ratio of 23.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,591 a month — $877 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Allen?
Active listings in Allen, TX went from 398 in May 2025 to 366 in May 2026, a -8.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 463 | 187 |
| July 2025 | 484 | 171 |
| August 2025 | 440 | 118 |
| September 2025 | 427 | 110 |
| October 2025 | 409 | 116 |
| November 2025 | 337 | 64 |
| December 2025 | 263 | 52 |
| January 2026 | 270 | 105 |
| February 2026 | 266 | 104 |
| March 2026 | 296 | 157 |
| April 2026 | 343 | 178 |
| May 2026 | 366 | 166 |
Redfin, through May 2026
How does Allen compare to Texas and the U.S.?
Allen homes sell for $511,495 — 44% above the Texas median of $356,100. Against the national median of $410,700, Allen runs 25% higher. Year-over-year, Allen moved -2.6% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Allen, TX | $511,495 | -2.6% | 29 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Allen
What buyers should watch
- Months of supply, currently 3.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $486 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $485,393 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Allen listing goes under contract in 29 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Allen added 166 new listings against 108 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -7.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Allen varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Allen
There are currently 366 homes listed for sale in Allen, Texas. The median listing price is $575K. Featured listings range from $100,000 to $1,041,857.
New Listing
8
$260,000
633 Valley View Dr
Allen, TX 75002
3 bd2 ba1,438 sqft$181/ft²
House6,098 sqft lot
Rhonda Childress · Coldwell Banker Apex, REALTORS
View photos & details
New Listing
25
$349,000
803 Sandy Creek Dr
Allen, TX 75002
3 bd2 ba2,022 sqft$173/ft²
House7,405 sqft lot
View photos & details
New BuildPrice Drop −$5K
11
$379,990
651 N Watters Rd Apt 4202
Allen, TX 75013
2 bd2 ba1,702 sqft$223/ft²
Condo
View photos & details
New Listing
28
$395,000
908 Thoreau Ln
Allen, TX 75002
3 bd3 ba1,846 sqft$214/ft²
House8,276 sqft lot
View photos & details
New Listing
39
$455,000
1304 Dearborn Rd
Allen, TX 75002
4 bd2 ba2,226 sqft$204/ft²
House7,405 sqft lot
Trey Laquey · RE MAX Dallas Suburbs
View photos & details
New Build
29
$489,990
2543 Brunswick Way
Allen, TX 75013
3 bd3 ba1,986 sqft$247/ft²
Townhouse
View photos & details
New Listing
40
$500,000
741 Aspen Ct
Allen, TX 75002
5 bd4 ba3,069 sqft$163/ft²
House7,841 sqft lot
View photos & details
New Listing
32
$549,000
433 Spring Air Dr
Allen, TX 75002
4 bd3 ba3,073 sqft$179/ft²
House6,098 sqft lot
View photos & details
New Listing
32
$579,000
906 Thistle Cir
Allen, TX 75002
4 bd3 ba2,808 sqft$206/ft²
House8,276 sqft lot
View photos & details
New Listing
40
$724,999
2003 Lorelle Ct
Allen, TX 75013
5 bd4 ba3,996 sqft$181/ft²
House7,841 sqft lot
Chaz Cameli · Monument Realty
View photos & details
New Build
20
$1,041,857
982 Coreopsis Dr
Allen, TX 75013
3 bd4 ba2,928 sqft$356/ft²
House7,841 sqft lot
View photos & details
Looking to buy in Allen?
Get connected with a local real estate expert — free, no obligation.
Active listings
366
Homes on market
Median list price
$575K
Avg. days on market
29
Days until sale
New this week
166
Newly listed
Price drops:30.9%of listings
Sale-to-list:98.5%
How much do homes cost in Allen by property type?
How the Allen, TX market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $515,000 | $205/sq ft | 101 | 28 days |
| Condo / co-op | $340,000 | $208/sq ft | 2 | 128 days |
| Townhouse | $417,390 | $232/sq ft | 5 | 79 days |
Who lives in Allen?
American Community Survey estimates for Allen. U.S. Census ACS, 2023
Population
107,684
Households
36,307
Median income
$129,130/yr
Median age
38.5 years
Owner-occupied
69.8%
Median home value
$429,900
Median gross rent
$1,877/mo
Mean commute
27.8 min
69.8% of occupied homes in Allen are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $429,900 against Zillow's $485,393 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,877/mo, below Zillow's $1,714/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Allen?
23 schools tracked · 19,924 students
The largest public schools serving Allen, TX 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 H S
Grades 9-12 · 5,273 students
LOWERY FRESHMAN CENTER
Grades 9 · 1,693 students
WALTER & LOIS CURTIS MIDDLE
Grades 7-8 · 1,304 students
ERECKSON MIDDLE
Grades 7-8 · 1,263 students
DR E T BOON EL
Grades K-6 · 792 students
CARLENA CHANDLER EL
Grades K-6 · 780 students
DAVID AND LYNDA OLSON EL
Grades PK-6 · 724 students
JENNY PRESTON EL
Grades K-6 · 723 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, TX?
Ordered by distance from Allen, not by size. Compare Allen side by side with any of them.
Which ZIP codes are in Allen?
These are the ZIP codes we see on active Allen listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Allen housing market FAQ
Is Allen a buyer's or seller's market?
Allen, TX is currently a balanced market. That read comes from 3.4 months of supply, homes going under contract in about 29 days, and sellers getting 98.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Allen?
The typical home in Allen, TX is worth $485,393 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $511,495, about $206 per square foot.
Is Allen cheaper than the rest of Texas?
Allen's median sale price of $511,495 is 44% higher than the Texas statewide median of $356,100, and 25% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Allen?
Homes in Allen, TX spent a median of 29 days on market before going under contract, versus 56 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Allen?
At the current 30-year fixed rate of 7.03%, 20% down on a $485,393 home is about $2,591 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $111,055 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $129,130.
Are home prices rising in Allen?
The typical home value in Allen, TX fell 7.4% over the last 12 months, from $524,258 to $485,393 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Allen?
Allen ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Allen?
That depends on your timeline, not on a headline. What the data says today: Allen, TX is a balanced market with 3.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 23.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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