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Allen, TX Housing Market

The Allen housing market is somewhat competitive. Homes in Allen receive 1 offers on average and sell in around 50 days. The median sale price of a home in Allen was $555K last month, +5.2% since last year.

Allen Market Trends

It’s still a good market to sell in Allen.

Even though the market has shifted across the U.S., Allen is still a good market to sell your home.

+5.2%
The average home value in Allen has increased by +5.2%.
$555K
The median sale price for a home in Allen has remained strong at $555K.

Allen Real Estate

Learn more about the Allen market

In the last 30 days, homes for sale in Allen, TX sold for a median price of $555K, +5.2% compared to the same period last year. The median price per square foot was $214, -0.23% year-over-year. There were 123 homes sold, down from 280 last year. Homes typically received 1 offers and stayed on the market for around 50 days.

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Texas Acquisition Manager

Meet our Allen Expert, Andy

Andy will help you get the best offer in Allen with no repairs or showings.

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Selling Your Home for Top Dollar in Allen, TX: A Comprehensive Guide

Selling your home in Allen, TX can be an exciting, yet challenging journey. Whether you're hoping to downsize, upgrade, or relocate, ensuring you get the most from your investment is paramount. With market conditions, buyer expectations, and economic factors constantly evolving, it's essential to stay informed and strategic. Let's dive into some key considerations and tips that can help you sell your home quickly and for a great price.

Understanding the Allen Real Estate Market

The Allen real estate market, as of 2023, is a reflection of both national trends and unique local characteristics. With an average of 50 days on the market, your strategy should reflect both time sensitivity and realistic expectations. While the market has cooled post-pandemic, Allen remains desirable due to its excellent schools and suburban charm. The median sale price currently stands at $555K, with a slight year-over-year price increase of 5.2% despite a minor decrease in price per square foot.

Smart Renovations That Add Value

If you're considering renovations, focus on projects that yield high returns. A few strategic upgrades can significantly enhance your home's appeal and make it stand out.

  • Kitchen Remodel: A mid-range kitchen remodel, costing $20,000-$50,000, can see a return on investment (ROI) of 60%-80%. Kitchens are the heart of the home, and buyers love a modern, functional space.
  • Bathroom Remodel: Spending $10,000-$25,000 on bathroom improvements can lead to an ROI of 60%-70%. Updated bathrooms boost both comfort and appeal.
  • Garage Door Replacement: For $1,200-$2,500, this provides up to 100% ROI and significantly boosts curb appeal.
  • Adding a Wooden Deck: This is appealing to those who love outdoor living. With an investment of $10,000-$15,000, you can achieve a 70%-80% ROI.
  • Energy-Efficient Windows: At $15,000-$20,000, they offer both aesthetic value and 70%-75% energy savings ROI.

Skip Renovations with Direct Sales to Frontdoor

Not everyone has the time or resources for renovations. If maximizing your sale's convenience is your priority, consider selling directly to platforms like Frontdoor. They can provide a quick, hassle-free sale without the need for renovations, allowing you to bypass the traditional real estate market challenges and save money.

Competitive Pricing and Strategic Marketing

As listings increase and buyers gain more negotiation power, pricing strategically is crucial. Overpricing can leave your home languishing on the market, while a well-priced home can attract offers swiftly. Remember, the median sale price-to-list ratio is currently 97.8%, meaning realistic pricing is key. Showcase your home's unique features, highlight recent upgrades, and utilize professional photos to make your listing shine.

Trends and Economic Considerations

Several economic factors, including interest rates, influence the real estate market. With higher borrowing costs limiting buyer budgets, it's critical to understand these dynamics when selling. The market remains competitive, with 280 homes on the market and 123 sold recently, signaling steady demand despite shifting conditions.

Final Thoughts

Selling your home in Allen, TX is a nuanced process that requires thoughtful planning and an understanding of current trends. By leveraging smart renovations or considering direct sales options, pricing strategically, and focusing on appealing to buyers' preferences, you can navigate this journey successfully. Stay informed and work with local real estate professionals to make sure you're making decisions that best meet your financial and personal goals.

For the most up-to-date insights and statistics, consult with experts and trusted real estate sources, ensuring your approach aligns with market shifts and buyer expectations. Here's to a successful home sale in Allen, TX!

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Sell your Allen home

Request a competitive offer

Step 1

Step 1: Share Unique Details About Your Home

Start by highlighting what makes your home special. Whether it's a large backyard, a modern kitchen, or energy-efficient features, these details make your home stand out. Make sure to inform Frontdoor about these unique aspects to attract the right buyers.

Step 2

Step 2: Compare to Other Homes in Your Neighborhood

Look around your neighborhood to see what other homes are selling for. Pay attention to size, condition, and extra features. This comparison helps you and Frontdoor set a competitive price that attracts buyers and gets your home sold quickly.

Step 3

Step 3: Speak to a Allen Market Expert

Connect with a market expert who knows the Allen area well. They can provide insights on the real estate market trends and help you price your home right. Their local knowledge is crucial for a successful sale.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Allen, TX.

                                                                                                                                                                                                                                                                                                                                           
Traditional SaleFrontdoor
Commission & Fees$33,000$0
Closing Costs$8,400$0
We pay all costs
Repair Costs$24,750$0
We pay all costs
Days on Market25 DaysImmediate Offer
Total SavingsSave $66,150

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