Allen, TX Real Estate Market Overview – January 2025

If you're considering buying or selling a home in Allen, TX (75013), understanding the latest real estate trends is crucial. The market continues to evolve, and January 2025 presents a mix of opportunities for both buyers and sellers.

Market Trends and Insights

The Allen, TX real estate market in 75013 is experiencing shifts in sales activity and home values. While home prices continue to show strength, inventory levels and days on the market have fluctuated, providing both buyers and sellers with unique opportunities.

Key Market Statistics

• Total Closed Sales: 48 (5-year November average: 79 sales)
• Average Sales Price: $609,479 (5-year November average: $522,573)
• Total Active Listings: 87 (5-year December average: 71 listings)
• Days on Market: 41 days (5-year December average: 49 days)
• Average Sale Price per Sq. Ft.: $176 (5-year November average: $145)
• Sale Price to List Price Ratio: 98% (5-year December average: 98.2%)

Additional Market Insights

• Average Sales Price (MLS Tax)

  • Dec 2024: $679,603
  • Nov 2024: $686,276 (-1.0%)
  • Dec 2023: $711,442 (-4.7%)

• Average Sale to Original List Price Ratio (MLS Tax)

  • Dec 2024: 98%
  • Nov 2024: 101% (-3.06%)
  • Dec 2023: 98.2% (-0.2%)

• Average Price per Square Foot (MLS Tax)

  • Dec 2024: $149
  • Nov 2024: $133 (+10.7%)
  • Dec 2023: $146 (+2.0%)

• Number of Sales (MLS Tax)

  • Dec 2024: 26
  • Nov 2024: 28 (-7.7%)
  • Dec 2023: 31 (-19.2%)

What This Means for Buyers and Sellers

• For Buyers: The increase in active listings and decrease in closed sales may provide more negotiating power. While prices remain strong, some price adjustments may occur in response to shifting demand.
• For Sellers: Homes are still selling at strong price points, but the market has become slightly more competitive. Strategic pricing and marketing will be essential in securing a strong offer.

Final Thoughts

Whether you're looking to buy or sell in Allen, TX, staying updated on market trends will help you make the best real estate decisions. Team Ford Realtors is here to guide you through the evolving market landscape.

For expert real estate guidance in Allen, TX, contact Team Ford Realtors today!