Overview of the Allen Real Estate Market Now!

This is a pivotal moment for anyone looking to engage with the Allen real estate market. Compared to this time last year, the dynamic has fundamentally shifted, creating an environment that is far more accommodating and ripe with opportunity, especially for savvy buyers.

Last year, the Allen market was a seller’s dream—intensely competitive, with homes often receiving multiple offers and vanishing from the market in a matter of weeks. Fast forward to July 2025, and you’ll find a different story. The market is demonstrably more balanced, with a significant increase in the time a home spends on the market. While a hot property might still sell quickly, the median days on market has climbed from 38 days to 50 days, giving you the critical time you need to make a well-informed decision, secure financing, and avoid the pressure of hurried bids.

Price performance presents a mixed, but encouraging, picture. While some sources indicate a modest year-over-year increase in the median price, others show a slight decline. This variability is a powerful indicator that the period of runaway appreciation has come to an end. It signals a market where prices have stabilized and, in some cases, corrected, which is excellent news for buyers. You have a chance to enter a market that is more rational and less prone to the frenzied bidding wars that defined last year.

Furthermore, the number of homes with price drops has soared, with some reports indicating that a staggering 94% of properties have seen a price reduction. This statistic alone is a persuasive argument for buyer leverage. It means that sellers are more flexible and motivated to negotiate. The sale-to-list price ratio has also decreased, reinforcing that homes are selling for slightly less than their asking price—a significant departure from the over-list sales of 2024.

In essence, the Allen market has matured. It has shed the aggressive, frantic pace of last year and evolved into a more equitable landscape. For sellers, it means strategic pricing and realistic expectations are paramount. For buyers, it’s a golden opportunity to find your dream home in a premier DFW suburb without the intense competition and soaring prices of the past. The time to act is now, as you can secure a great property with greater control over the process.