Dallas Area Residential Sales Report – Allen, Texas

Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Allen, Texas. Today, I want to give you a market update for January 2025.

Let’s start with some key data points. Currently, we have a 3.31 Months Supply of Inventory in the market. This means that if no new homes were added to the market, it would take 3.31 months to sell all the existing inventory. Over the last 12 months, we’ve seen a 46.46% increase in Months Supply of Inventory, which is something both buyers and sellers should keep in mind.

Another important metric to consider is the Sold to List Price percentage, which currently sits at 97.2%. This tells us that, on average, homes are selling for 97.2% of their listing price.

When it comes to how quickly homes are selling, the median days on market is 59 days. This means that half of the homes on the market are selling in less than 59 days, while the other half are taking longer.

Lastly, the median Sold Price in Allen, Texas is currently $551,000. This is a helpful figure for both buyers and sellers to understand the current market value of homes in the area.

Overall, these data points provide a snapshot of the current real estate market in Allen, Texas. Whether you’re a buyer looking for a new home or a seller considering putting your home on the market, it’s important to stay informed and work with a knowledgeable REALTOR® like myself to navigate the market.

If you have any questions or are interested in buying or selling a home in Allen, Texas, feel free to reach out to me at the phone number or email address below. Thank you for dropping in and stay tuned for more market updates in the future.