Allen, TX Housing Market Update – March 2026
Reporting Period: Feb 1–Feb 28, 2026 • Data via NTREIS
Allen is one of Collin County's most established communities — a city that earned its reputation through strong schools, well-maintained neighborhoods, and consistent demand from buyers who prioritize quality of life alongside proximity to major employment corridors. February's data shows a market that's slowing at the margins but holding structural strength where it counts: inventory is lean, and the homes that do sell are getting close to asking price.
Key Highlights | Allen Housing Market Update
- Median Sale Price: $437,000 (↓ 16.4% YoY)
- Closed Sales: 71 (↓ 9.0% YoY)
- Active Listings: 233 (↑ 1.8% YoY)
- Months of Inventory: 2.4 (flat YoY)
- Median Days on Market: 66 (↑ 14 days YoY)
- Median Price per Sq Ft: $215.52 (↑ 0.1% YoY — essentially flat)
- Close-to-Original List Price: 94.3%
PRICES
Allen's February median of $437,000 — down 16.4% from February 2025 — is the most important number to unpack carefully. The price per square foot tells a markedly different story: $215.52, up just 0.1% year over year, essentially unchanged. That divergence is the tell. When a market's median drops sharply while price per square foot holds flat, the explanation is almost always compositional — a shift in which homes transacted, not a broad devaluation. The $300–$399k band led closings at 30.4%, with the $400–$499k range contributing 21.7% and the $500–$749k segment adding another 29.0%. If February 2025 saw more higher-end closings, the median comparison will look dramatic. On a normalized per-square-foot basis, Allen's pricing is holding steady.
SALES ACTIVITY
Seventy-one closed sales — down 9.0% from 78 in February 2025 — is a modest decline for a community of Allen's size. Homes averaged 66 days on market, up 14 days from a year ago. That extended pre-contract period reflects the broader DFW buyer behavior shift: more deliberation, more cross-shopping, less urgency. Total time from listing to close reached 94 days — up 11 days year over year but still among the tighter timelines in this month's report. Days to close actually improved to 28, down 3 from last February, suggesting that once buyers commit, the transaction process is moving efficiently.
INVENTORY
Active listings came in at 233, up just 1.8% year over year — one of the smallest inventory increases in the report. Months of inventory held flat at 2.4, unchanged from February 2025. In a metro where many communities are seeing supply climb 10%+, Allen's near-static inventory is a meaningful differentiator. With 2.4 months of supply, Allen remains technically in seller-leaning territory by conventional thresholds — demand has absorbed new listings as fast as they've arrived, maintaining a supply balance that continues to support pricing.
MARKET BALANCE
At 2.4 months of inventory and a close-to-list ratio of 94.3%, Allen is the tightest-supply market among all the communities covered in this month's report that have meaningful transaction volume. That combination — lean inventory, solid close-to-list performance — positions Allen sellers better than most. Buyers are taking longer to decide, but when they do commit, they're paying close to asking price. The community's Collin County school system, mature infrastructure, and proximity to the US-75 employment corridor provide demand floors that less established markets simply don't have.
What Sellers Need to Know
- 2.4 months of inventory is the strongest supply position in this month's report for a market with meaningful volume — you have real scarcity working in your favor.
- The close-to-list ratio of 94.3% means buyers are negotiating but not dramatically — well-priced homes are closing close to asking price.
- Days on market increased 14 days year over year — buyers are more deliberate than in 2024, so plan for a longer pre-contract period even in a supply-constrained market.
- The $500–$749k segment drove 29.0% of February closings — Allen's upper tier remains active, which supports the overall market floor.
What Buyers Need to Know
- 2.4 months of inventory is the tightest supply reading among the significant markets in this report — you have less room to stall than in Garland, Dallas, or Sachse.
- The close-to-list ratio of 94.3% is your negotiating benchmark — reasonable offers with modest concessions are being accepted; aggressive lowballs are not.
- Price per square foot held essentially flat year over year at $215.52 — the headline median decline is a mix-shift artifact, not a signal that Allen homes are suddenly worth less.
- The median year built of 2001 means most of Allen's housing stock is in its mid-life — thorough inspections are essential, particularly for roofing, HVAC, and foundation in this climate.
2026 Allen Housing Market Forecast
Allen enters spring 2026 with arguably the most structurally sound supply picture of any community in this month's report — 2.4 months of inventory, flat year over year, in a metro where most markets are seeing supply climb. If seasonal spring demand builds as expected, Allen could see its already-compressed inventory tighten further, which would support pricing stability or modest appreciation at the median level.
The 14-day increase in days on market is the clearest sign that buyers have slowed — but the close-to-list ratio of 94.3% confirms that those who do commit are paying close to full price. If mortgage rates ease later in 2026, Allen's demand response is likely to be swift given its deep bench of pre-qualified buyers who've been waiting for improved affordability.
The community's enduring appeal — schools, infrastructure, location — provides a demand floor that makes dramatic price deterioration unlikely absent a significant economic disruption. Expect the median to fluctuate with mix-shift variability month to month, while the per-square-foot baseline holds reasonably steady.
Considering a move to or from Allen? The Dunnican Team works across Collin County and can help you navigate a market where supply is tight and timing matters. Let's talk.
Source: NTREIS MLS (Feb 1–Feb 28, 2026) with February 2025 comparison metrics from the Texas REALTORS® Data Relevance Project, in partnership with the Real Estate Center at Texas A&M University.
