MARKET OVERVIEW 75002 - ALLEN, TX JANUARY 2025

If you're considering buying or selling a home in Allen, TX (75002), 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 is showing signs of stabilization. Home values remain strong, while inventory levels have increased, providing buyers with more options. Sellers may need to adopt competitive pricing and marketing strategies to attract buyers in this shifting landscape. Key Market Statistics Total Closed Sales: 78 (5-year November average: 101 sales) Average Sales Price: $449,776 (5-year November average: $435,089) Total Active Listings: 171 (5-year December average: 120 listings) Days on Market: 47 days (5-year December average: 44 days) Average Sale Price per Sq. Ft.: $189 (5-year November average: $167) Sale Price to List Price Ratio: 97% (5-year December average: 97.8%) What This Means for Buyers and Sellers For Buyers: With more inventory available, buyers have a greater selection and may have stronger negotiating power. However, prices remain competitive, so acting quickly is key when finding the right home. For Sellers: Increased competition means that setting the right price and using strategic marketing are crucial. Working with an experienced real estate agent can help ensure a smooth and profitable transaction. Final Thoughts Whether you’re looking to buy or sell in Allen, TX, staying informed about the latest market trends is essential. The right real estate strategy can make all the difference in achieving your goals. If you need expert guidance navigating the Allen real estate market, reach out to Team Ford Realtors today!

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