Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I’m bringing you a market update for the lovely city of Allen, Texas as of March 2024.

So, let’s dive right in! Currently, Allen has a 2.37 Months Supply of Inventory. That’s right, folks – we’ve got a bustling market with plenty of opportunities for both buyers and sellers.

Over the last 12 months, our Months Supply of Inventory has seen a significant increase of 51.92%. What does this mean for you? Well, it means there’s more choices out there for buyers and potentially more competition for sellers. However we are still in a sellers market.

Now, let’s talk numbers. The List to Sold Price percentage in Allen is an impressive 99.3%. That’s right, sellers are getting top dollar for their homes in this market. A number of properties are selling at list price or above.

And for those of you wondering about how quickly homes are selling, the median days on market in Allen is just 24 days. That’s less than a month, folks!

Finally, let’s talk about the median sold price in Allen, which currently sits at $627,500. It’s clear that Allen is a desirable place to live with homes that hold their value.

So, whether you’re looking to buy or sell in Allen, now is a great time to make a move. If you have any questions or need assistance navigating this market, don’t hesitate to reach out to me. I’m here to help!

Thanks for dropping by, and remember – when it comes to real estate in Allen, Texas, I’ve got you covered. See you next time!