Allan Home Values

Allan Home Values

Allan home values are constantly changing. For an accurate assessment of your Allan home values call or text me at 214-263-0816.  You can also view the comments of the real estate portals that discuss Allen Home Values.

Allen is a city in Collin County, Texas, United States, a wealthy northern suburb of Dallas. As of the 2010 census the city had a total population of 84,246.

  

According to the City of Allen, the city has a total area of 27.1 square miles (70.2 km²). None of the area is covered with water except the small ponds scattered throughout the city.  For those enjoying water sports, Lake Fork is a great bass lake just about 45 minutes from Allen. Lake Lavon borders Allen and McKinney and Lake Texhoma is a great lake 45 minutes to the North near Sherman.

Allen is considered to be part of the humid continental region, meaning it experiences mild to cool winters.  The cool season lasts for 3.0 months, from November 25 to February 24, with an average daily high temperature below 63°F. The coldest month of the year in Allen is January, with an average low of 36°F and high of 56°F.. In spring the city can experience thunderstorms and mild warm days; temperatures range from 50 to 70 °F (10 to 21 °C) in the daytime and 37 to 57 °F (3 to 14 °C) at night. In summer the city experiences hot days ranging from 90 to 100 °F (32 to 38 °C). In the autumn the daytime temperatures vary from about 85 to 40 °F (29 to 4 °C).

Nearby cities include Wylie, Sachse, Richardson, Plano, Princeton, Prosper, and McKinney.

Lifestyle in Allen

Allen, TX offers a comfortable and active lifestyle for residents. Here are some aspects of lifestyle in Allen:

1. Housing: Allen has a variety of housing options, from apartments to large houses. The median home value in Allen is higher than the national average, but the cost of living is also higher.

2. Education: Allen is home to the Allen Independent School District, which is considered one of the best in the state. There are also several private schools in the area.

3. Parks and Recreation: Allen has a number of parks, trails, and sports facilities, including Celebration Park and the Edge at Allen Station Park.

4. Shopping and Dining: Allen offers a variety of shopping and dining options, including the Allen Premium Outlets and Watters Creek at Montgomery Farm.

5. Community Events: Allen hosts several community events throughout the year, including the Allen Arts Festival and the Allen Balloon Festival.

6. Safety: Allen is considered a safe city with low crime rates.

7. Healthcare: Allen has several medical facilities, including Texas Health Presbyterian Hospital Allen and the Allen Medical Clinic.

8. Transportation: Allen is accessible via several major highways and is about 30 minutes from Dallas. There is also a public transportation system, the Denton County Transportation Authority, that serves the area.

Overall, Allen offers a comfortable suburban lifestyle with access to a range of amenities and activities.

Allan Independent School district

Allen ISD School District ranks among the top 20% of the public school districts in Texas and top 5% in overall rank, highest mat proficiency, highest reading/language arts proficiency, highest graduation rate, and top 1% for the largest student body.

For the 2022-23 school year, there are 24 public schools serving 21,617 students in Allen ISD School District. This district’s average testing ranking is 10/10, which is in the top 5% of public schools in Texas.  Public Schools in Allen ISD School District have an average math proficiency score of 76% (versus the Texas public school average of 51%), and a reading proficiency score of 72% (versus the 47% statewide average).

The top-ranked public schools in Allen ISD School District are Jenny Preston Elementary School, Mary Evans Elementary School, and Dr. E T Boon Elementary School. Overall testing rank is based on a school’s combined math and reading proficiency test score ranking. Allen ISD School District has one of the highest concentrations of top-ranked public schools in Texas.

Athletics

The Allen ISD Athletics Department is committed to the total education of the student-athlete with priorities on sportsmanship, teamwork, scholarship, competition, and community.  The Athletics Department prides itself on the district’s winning tradition and expectations of excellence in all student endeavors with more than 1,000 student-athletes competing in 25 sports in grades 7 through 12.

Team sports include Varsity Swimming, girls wrestling, boy wrestling, basketball, and track and field. Boys/Girls Soccer, baseball, cross country, and the Texas State champ Allen Eagles Competitive Shooting Team (AECST).

The AECST consists of students ranging from 6th to 12th grade. They compete in several clay target shooting sports disciplines such as Skeet, Trap, and Sporting Clays. The athletes compete in four different levels depending on age and experience. They are Intermediate Entry Level, Intermediate-Advanced, Junior Varsity, and Varsity.

The team is highly decorated with claims to multiple state, regional, and national championships as part of the Scholastic Clay Target Program (SCTP).

Please browse the site to learn more about who we are and what we do with regards to youth shooting sports.

For those enjoying water sports, Lake Fork is a great bass lake just about 45 minutes from Allen. Lake Lavon to the East is about 25 minutes and Lake Texhoma is a great lake 50 minutes to the North near Sherman.  Hunting enthusiasts have the opportunity to hunt with the Christian Outdoor Ministry, the Dallas Woods and Waters Club, and the Dallas Safari Club plus other opportunities on private ranches throughout the state.

Entertainment

Allen offers a variety of entertainment options for residents and visitors to enjoy. Here are some popular attractions:

1. Allen Premium Outlets: This outdoor shopping center features over 100 stores offering discounted prices on designer brands.

2. The Edge at Allen Station Park: This massive outdoor park offers a skate park, a BMX track, and a playground. It also hosts events such as concerts and festivals.

3. Topgolf: This entertainment venue offers a unique golfing experience with interactive games and food and drinks.

4. iPic Theaters: This luxury movie theater features plush seating, gourmet food, and cocktails.

5. Watters Creek at Montgomery Farm: This open-air shopping center features a variety of stores, restaurants, and a beautiful creek-side walk.

6. Escape Rooms HQ: This interactive game experience challenges players to solve puzzles and clues to escape a locked room.

7. Celebration Park: This large park features a splash pad, playgrounds, sports fields, and picnic areas.

8. Hydrous Wake Park: This cable wakeboarding park offers lessons and equipment rentals for all skill levels.

9. The Courses at Watters Creek: This golf course features an 18-hole course and a 9-hole executive course.

10. Allen Event Center: This multi-purpose arena hosts concerts, sports games, and other live events.

11. Events like the ones above help keep Allen Home Values increasing.

What are you waiting for? Allen is a great town with great schools and lots of shopping and entertainment for the family. “Call me and let’s get you a home in Allen”, 214.263.0816!

  

Market Recap for Allan Home Value – July 2023

Collin county where Allan is located has had 426 new listings. Pending sales are 394 homes with 368 closed.  Home sellers have received 98.2 % of their list price with the median time on the market being 14 days.  Home inventory is at 2.2 months supply.

Interest rates for 30 year conforming loans have dropped by about a quarter point in the last several weeks, a little lower then one month ago to 6.9 %. 30 year FHA loans have dropped in the lst two weeks to about 6.7%.

Tough buyer market: In June, home prices reached their highest point of 2023 so far, due to limited inventory and strong demand. The median price for an existing home was $410,200, the second-highest ever recorded, behind only June 2022. Home sales declined by 3.3% to an annual rate of 4.16 million, the slowest rate for June since 2009.

Builder confidence: Despite rising interest rates and construction costs, confidence among single-family builders rose higher in July. The National Association of Home Builders (NAHB) sentiment index rose for the seventh straight month amid increasing demand. With confidence at its highest since June 2022, builder incentives have declined.

Think positive: The rate of building starts increased to 1.44 million homes in June, completing the first quarterly gain in over two years. With historically low inventory levels and record-high home prices, an influx of demand could push home prices up further, though this could be offset if construction accelerates in supply-starved markets.

Unspoken truth: Declines in the 20% to 25% range keep cropping up across both supply and demand measures, as a substantial portion of normal buyers/sellers have virtually vanished, locked into mortgage rates around 3%. Handcuffed by these ultra-low rates, they are not buying a new home, nor selling their old ones. All sides of the housing market lose business.

Allen Housing Market Trends By Real Estate Portal

Texas Market Recap – April 2023

• Home builder confidence rose for the fourth consecutive month in April, climbing from 44 to 45 on the National Association of Home Builders (NAHB) housing market sentiment index. This is the highest level in seven months. The present single-family sales component on the index climbed from 49 to 51 while the component for single family sales in the next six months climbed three points to a level of 50, which is the highest level in almost a year. 
• After soaring over 15% in February, building permits slumped a composite 8.8% month-over-month in March. Single family-permits, however, jumped 4.1% month-over-month. Total housing starts slipped 0.8% while single-family starts climbed 2.7%. Though overall starts and permits declined, the positive trend for single-family housing is a sign of housing market stabilization, according to experts.
• Existing home sales slipped 2.4% month-over-month in March, giving existing home inventory a much-needed chance to increase. The median existing home sales price declined annually.

March Market Update 2023

Allen Housing Market Trends By Real Estate Portal – March 2023

Refin – In March 2023, Allen home prices were down 12.5% compared to last year, selling for a median price of $481K. On average, homes in Allen sell after 34 days on the market compared to 14 days last year. There were 127 homes sold in March this year, up from 107 last year. Allen is somewhat competitive. Homes sell in 38 days.  Some homes get multiple offers.  The average homes sell for about 1% below list price and go pending in around 38 days. Hot homes can sell for about 1% above list price and go pending in around 18 days.

Movoto – There are 232 active home listings and 31 new homes for sale in Allen, TX. Homes in Allen, TX were selling for a median price of $522,495 in March 2023.On average, homes in Allen, TX sell after 32 days on the market compared to 28 days last year.204 homes were sold in Allen, TX in March 2023, up from 178 last year.  Allen, TX is part of the Collin County R-1 School District, with 26 Elementary Schools, 7 Middle Schools, and 5 High Schools.  The average rating of all the schools in Allen, TX is 9 out of 10 by GreatSchools.

Zillow – The average Allen home value is $505,684, up 0.6% over the past year and goes to pending in around 19 days.  Medial sale to list ration is .98 with some home receiving 18% over list price and 61% under list price. Top valued neighborhoods in Allen are Quail Run with average home sales of $642K, Waterford Parks with $732K and Waterford Trails at $668K.

February Market Update 2033

Allen Housing Market Trends By Real Estate Portal – February 2023

Realtor.Com – What are the best neighborhoods in Allen? Some of the best neighborhoods in or around Allen, Texas are Twin Creeks, Fountain Park and Cottonwood Bend. Consider buying or renting a home in one of these popular neighborhoods.  Allen is a city in Texas and consists of 15 neighborhoods. There are 279 homes for sale, ranging from $222.5K to $4.2M.  The median listing home price in Allen, TX was $499K in February 2023, trending up 1.5% year-over-year. The median listing home price per square foot was $218. Allen, TX is a seller’s market in February 2023, which means that there are more people looking to buy than there are homes available.

Redfin – IHomes for sale in Allen have a median listing price of $525K. Some of these homes are Hot Homes, meaning they’re likely to sell quickly.  There were 52 homes sold in January this year, down from 77 last year.  Median days on the Market are 45.

Rocket Homes -There are 367 active home listings. Homes in Allen, TX were selling for a median price of $523,847 UP 23% over February 2022.  On average, homes in Allen, TX sell after 82 days on the market compared to 97 days last year.

Allen is part of the Allen ISD school system.  Some parts of the Allen area, students can attend Fairview or the Lovejoy ISD.

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December Market Update

The Allan Homes For Sale show there are 368 active homes for sale with 5 new listings today.  The Allan Homes For Sale were selling for a median price of $600,000.

On average, homes in Allen, TX sell after 75 days on the market compared to 50 days last year.

Allen Housing Market Trends By Real Estate Portal – December 2022

RocketHomes.Com – Allen, TX has 301 homes for sale to choose from. The number of homes for sale in Allen, TX increased by 1.7% between November 2022 and December 2022. While the average time on the market in December 2022 was 95 days, the median list price was $515,767. Real estate listing prices changed between December 2021 and December 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0.3%, prices of 3 bedrooms properties went up by 0.1%, prices of 4 bedrooms properties went down by 0.1%, prices of 5 bedrooms properties remained the same. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 5.6%, the quantity of 3 bedrooms homes went up by 4.9%, the quantity of 4 bedrooms homes went down by 5.8%, 5 bedrooms homes became 10.9% more available.

Redfin – In December 2022, Allen home prices were up 6.0% compared to last year, selling for a median price of $478K. On average, homes in Allen sell after 53 days on the market compared to 23 days last year. There were 96 homes sold in December this year, down from 127 last year.

Movoto -There are 269 active home listings and 26 new homes for sale in Allen, TX. Homes in Allen, TX were selling for a median price of $425,000 in December 2022. On average, homes in Allen, TX sell after 688 days on the market compared to 459 days last year. 305 homes were sold in Allen, TX in December 2022, up from 90 last year.

Allen is part of the Allen ISD school system.  Some parts of the Allen area, students can attend Fairview or the Lovejoy ISD.

  

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November Market Update

The Allan Homes For Sale show there are 368 active homes for sale with 5 new listings today.  The Allan Homes For Sale were selling for a median price of $600,000.

On average, homes in Allen, TX sell after 75 days on the market compared to 50 days last year.

Allen Housing Market Trends By Real Estate Portal – November

RocketHomes.Com – The average median List Price of a home is $519,056, an increase of $11,321 over last month. There are 330 homes for sale in November. The average days on the market is 85 days, a 14% increase.

Redfin – The Allen housing market is somewhat competitive. Homes in Allen receive 3 offers on average and sell in around 34.5 days. The average sale price of a home in Allen was $520K last month, up 13.3% since last year. The average sale price per square foot in Allen is $222, up 14.7% since last year.

Zillow – Average Allen Home values are $538,813. Up 21.1 % over last year.

Allen is part of the Allen ISD school system.  Some parts of the Allen area, students can attend Fairview or the Lovejoy ISD.