$2,078 Closing Credit*
$175,000
1,248 SqFt
3 Beds
•2 Full Baths
Marissa Stelzer Elevate Team, Listing Office: Michigan Top Producers
Is Allen, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Allen was a Seller's Market.
Key Takeaway
Allen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Allen, MI
How much do homes in Allen, MI cost?
Median Sold Price
$245,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+44.1%)
Key Takeaway
Homes in Allen have sold for 44.1% more than they did a year ago.
Summary: The median home sold price in Allen was $245,000 in October 2024, up 44.1% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $147.2K | - | N/A |
| 3 Bedrooms | $380K | $175K | -53.9% |
| 4 Bedrooms | $102.5K | $283.4K | +176.5% |
| 5+ Bedrooms | $312K | $322.4K | +3.3% |
Summary: Allen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 53.9%, 4 bedroom homes increased by 176.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Allen | $170K | $245K | +44.1% |
| Allen Township | $205K | $219.7K | +7.2% |
Housing Supply in Allen, MI
How many homes are available in Allen, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Allen real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Allen housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allen, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Allen in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Allen, MI
How long does it take to sell a home in Allen, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 84 Days | +265.2% |
Summary: Homes in Allen had an average of 84 days on market in Oct 2024, up by 265.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Allen has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Allen; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
