Ken Oenbrink - NTX Property Watch Report

Allen, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Allen, TX

Fri Nov 22 2019
This week the median list price for Allen, TX is $475,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 386. Click here to stay informed with the Allen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Allen, TX

Fri Nov 22 2019
This week the median list price for Allen, TX is $475,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 386. Click here to stay informed with the Allen market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Allen market.
Median List Price $475,000
Per Square Foot $154
Days on Market 100
Price Decreased 54%
Price Increased 6%
Relisted 9%
Inventory 386
Median Rent $2,050
Most Expensive $3,000,000
Least Expensive $194,500
Market Action 38
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$799,950 4,521 1 - 2.5 acres 5 4 4 3 4 141
$577,000 3,801 8,000 - 10,000 sqft 4 4 9 6 8 103
$429,000 2,930 6,500 - 8,000 sqft 4 3 12 7 8 92
$317,500 2,352 6,500 - 8,000 sqft 4 2 22 14 20 63