Is Allen Park, MI 48101 a buyer’s or seller’s market?

The Allen Park housing market right now

In the three months ending August 31, 2026, 52% of homes in Allen Park, MI 48101 sold above their list price, the typical home went under contract in 10 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 114 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (51% then), homes sold faster (13 days then) and the median sale price rose 4% to $239,896. Overall, Allen Park is about as competitive as it was a year ago.

Within Wayne County, homes here sell faster than in 98% of the county’s ZIP codes, and sell more often over asking than in 91%. On our competition score, Allen Park ranks #14 of 510 MI ZIP codes with enough sales (score 91 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.