Dallas Area Rrsidential Sales Report – Allen Condos and Town Homes

Hi everyone, and welcome back to another market update with me, Marie Walton, your trusted REALTOR® with Ebby Halliday REALTORS. Today, we’re going to be diving into the latest data for thecondo and town home market in Allen, Texas as of January 2025.

Let’s start with the Months Supply of Inventory, which currently stands at 6.34. Over the last 12 months, we’ve seen a significant increase of 82.71% in the Months Supply of Inventory. This data gives us insight into the balance between supply and demand in the market.

Next, let’s take a look at the Sold to List Price percentage, which is currently at 96.8%. This percentage tells us how close condos and toen homes are selling to their list price, giving us an indication of the competitiveness of the market for both buyers and sellers.

Moving on to the median days on market, we’re seeing a figure of 97 days. This number represents the average number of days it takes for a condo or town home to sell in Allen, Texas. It’s important for both buyers and sellers to keep an eye on this data point to understand market trends.

And finally, the median Sold Price in Allen is currently at $520,000. This figure gives us a snapshot of the overall price trends in the market, providing valuable information for buyers and sellers alike.

In conclusion, the Allen, Texas real estate market is showing some interesting trends as we head into 2025. Whether you’re a buyer or seller, it’s important to stay informed and work with a knowledgeable REALTOR® to navigate the market effectively.

Thank you for joining me today, and if you have any questions or are looking to make a move in the Allen area, feel free to reach out to me. Until next time, happy house hunting!