Homes for Sale in Allen TX

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Allen TexasIf you're interested in suburban living, you may be interested in the unique opportunities presented by homes for sale in Allen TX. Allen TX is a suburban area located north of the exciting metro city of Dallas TX. The city had a diverse population of 84,246 individuals as of the 2010 U.S. census, with a median household income of $93,392. The area is considered extremely financially stable, with a youthful population and exceptional opportunities available for employment within Dallas.

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In recent years, Dallas has been noted as one of the fastest growing economies in the United States. Despite the recession, Dallas has remained a consistently profitable area. One effect of this has been to make Allen TX real estate extremely sought after. Many individuals have flocked to the area as other areas of the country have been hit harder by the recession. Homes for sale in Allen TX have retained their value consistently and have even appreciated in value in recent years.

"What A Great Experience!" Mrs. Sharon Cole

Like many cities in Collin County and North Dallas 2016 saw very tight inventory and price escalation due to the shortage of inventory of homes. However, starting off in 2017 there has been a big improvement in resale homes over new construction.  The average home sales price (not including new construction) for all price ranges was $429,625 in February 2015 and 431,907 in February 2016 . This was a .5% increase.  Homes in Allen TX tend to move within one-two months and days on the market continue to decrease. 

The average sales price for all price ranges in new home construction was $510, 095 in February 2015 vs $549,812 in February 2016.  This was a 7.8% increase in the average sales price vs. a .5% increase in resale homes.

When looking at sales of new contruction homes with 4 or more bedrooms, the average sale price was $501,467 in February 2015 vs. $549,812 in February 2016, a 9.6% increase. For all other home sales, we saw two different price ranges by area and size for 4+ bedroom homes. One was an average sales price of $305,559 in 2015 and $328,047 in 2016 a 7.4% increase. The other range for larger homes was $494,719 in 2015 and $481,990 in 2016, a reduction of -2.6%. In the latter instance, it is possible that sellers may have had a more immediate need to move and therefore were more likely to negotiate.

Overall resale homes seem to be more competitive than the new construction homes and more homes are available at lower price ranges than new construction. The trend for the entire year over year was that home prices did escalate on average around 7% between 2015 and 2016 which is in with many other cities in Collin County.

Allen TX is a very attractive location that is filled with many fun activities such as hockey games at the Allen Event Center and golf games at the Chase Oaks Golf Club. Educationally, Allen TX offers the Collin College as well as Allen High School and the independent school district. The award winning marching band provides a superb extracurricular activity and has over 750 members.

Allen TX is located in an extremely diverse and versatile area that offers families and individuals many opportunities. Families looking at homes for sale in Allen TX can take advantage of the exceptional school system while singles can take advantage of the exciting nightlife. Allen has easy access to major highways and is next to the largest city in Collin County, Plano. This makes Allen attractive to buyers who are looking for a quicker commune to work and close access to the city. 

The nearby locations of Plano TX and Allen TX also offer many opportunities for activities and events, creating a comprehensive and unique region that offers only the best to its residents.

If you are interested in Allen TX real estate, Roxanne DeBerry and The DeBerry Team are ready to assist you. Call us anytime at 214-215-5106. We would love the opportunity to help you buy or sell your ideal home.

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Listing information last updated on March 23rd, 2018 at 2:00am CDT.