The median home sale price in Allen, TX sits at roughly $504,725 – down about 3.5% from last year. That shift matters if you are buying a home in Allen, TX, because homes are now spending an average of 34 days on the market before selling, and inventory has loosened up enough that buyers have real options to work with.
Throughout 2026, the city has carried around 410 available homes and 3.7 months of supply. Single-family houses make up the bulk of those listings, but if you’re looking for a way into Collin County without jumping straight to a detached house, attached homes – condos and townhomes – are worth a serious look.
Condo Prices and Market Trends
Recent 2026 data puts the median condo sale price at around $499,451. Active listings tend to run lower than that, with the median asking price hovering near $409,000 depending on which platform you’re checking. On a price-per-square-foot basis, condos average $236 – slightly above the citywide median of $212 across all property types. Active condo inventory is tight, with anywhere from 10 to 28 units available at any given time.
How the Texas Market Impacts Buyers
Statewide, the picture has shifted noticeably in buyers’ favor this year. Texas inventory has grown to over 141,000 homes, which has pushed the statewide median sale price down to about $341,800. Price cuts are more common, and sellers are generally more willing to talk.
That said, Allen isn’t the whole state. With an average sale-to-list ratio of 98.49% here, you should still expect to pay close to asking on a well-maintained property. The leverage is real – it just isn’t unlimited.
HOA Fees and What They Include
Buy a condo or townhome in Allen and you’re buying into a homeowners association. The median monthly HOA fee across Collin County is $281, which fits within the broader Dallas-area range of $250 to $450 per month. Statewide, Texas condo fees average between $300 and $400, reflecting what it costs to maintain shared infrastructure.
What do you get for that? Typically: shared building maintenance, exterior repairs, and community landscaping. The specifics vary by community, which is exactly why you need to read the documents before you close.
Questions to Ask About the Association
Before you sign anything, verify that the association is holding enough in reserves to cover major repairs without hitting owners with a sudden special assessment. That’s not a hypothetical risk – it happens, and it’s expensive.
Also check the rental rules. Some associations cap how many units can be leased at one time. If you’re thinking you might convert this into a rental down the road, that restriction could matter more than the purchase price.
Popular Condo and Townhome Communities
West Allen has several well-established attached-home developments, particularly around the Montgomery Farm area. The location works – easy access to retail and a straightforward commute toward Dallas.
You’ll also find specific named communities like Crestview Townhomes, which attract buyers who want a low-maintenance lifestyle without leaving Allen city limits. The appeal is pretty consistent: less to manage yourself, more predictable ongoing costs.
Parkside and Luxury Living Options
Allen doesn’t have waterfront real estate, but condos near Watters Creek or Celebration Park offer a premium feel with quick access to walking trails and outdoor recreation. If you’re after something newer, builders like Cadence Homes are putting up modern attached layouts with updated finishes and energy-efficient designs. Those units tend to price higher than older resale condos – that’s the trade-off for getting something current.
Attached and Multi-Family Alternatives
The market goes beyond standard condominiums. Townhouses in Allen, TX often come with private garages and small yards – a middle ground between a condo and a fully detached house. Duplexes and multi-family structures show up less frequently, but they’re worth knowing about if you’re open to living in one unit and renting out the other.
All of these property types share the same basic considerations: shared walls, shared maintenance responsibilities, and the need to understand what you’re signing up for before you close.
Evaluating the Cost of Living
This depends entirely on which source you’re looking at, and they don’t agree. Redfin suggests Allen’s cost of living runs 5% to 6% below the national average. AreaVibes and BestPlaces put it 11% to 22% above the national baseline. The gap mostly comes down to how each index weights housing costs against everything else.
I’d treat those numbers as a rough frame, not a hard answer.
Frequently Asked Questions
Are there 55+ active adult communities in Allen, TX?
Yes. Age-restricted communities designed for older adults do exist here. They typically feature single-story layouts and carry monthly HOA dues that cover exterior maintenance.
Do all neighborhoods and home types in Allen, TX require joining an HOA?
Not every neighborhood, but HOAs are common enough that you should assume you’ll encounter one. Condos and townhomes almost always require membership, and Collin County residents pay a median monthly fee of $281.
Can I still find new construction homes in Allen or is the market mostly resale?
Both are available. Builders like Cadence Homes continue to add modern townhomes and condos to the local supply alongside the existing resale inventory.
Where can I find homes with acreage or large lots in Allen?
Not in the dense attached-home districts. Areas like Montgomery Farm and Watters Creek aren’t built for that. If acreage matters to you, look at older, detached single-family neighborhoods further from the retail centers.
Should I buy a new townhome or an older single-family home in Allen, TX?
It comes down to your budget and how much you want to deal with on the maintenance side. A new townhome trades exterior upkeep for HOA dues. An older house gives you full control – and full responsibility.
What are the most common maintenance issues to watch out for when buying an older 1990s house in Allen?
Older homes generally need more immediate attention to major systems than new builds do. Buyers who’d rather skip that process often end up looking at newer condos or townhomes, where the association handles the exterior.
