Is Allen, MI 49227 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Allen is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Allen housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Hillsdale County, MI

Population	1,287
Median income	$53,587
Average income	$75,114
Median home value	$159,000
Median rent	$738/month
Owner-occupied	84% of homes
Median year built	1972

Natural hazard riskTornadoes (relatively high), winter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 49227; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 49227

Prefilled for 49227Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49227Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Camden 49232Buyer’s market $206 /sq ft Hillsdale 49242Balanced $147 /sq ft Jerome 49249Seller’s market $196 /sq ft Jonesville 49250Seller’s market $147 /sq ft Browse all markets →

Towns like Allen nearby

Find towns like Allen in other states →

Athens, MI49011 · 26 miles away92% similarlarger Litchfield, MI49252 · 6 miles away88% similarlarger · 7 min shorter commute Pittsford, MI49271 · 17 miles away88% similarlarger Springport, MI49284 · 29 miles away88% similarlarger

Where Allen is

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Questions about Allen real estate

What are property taxes in Allen?

About 0.99% of a home’s value a year in Hillsdale County, or roughly $3,960 on a $400,000 home.

Local agents

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More tools for 49227

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hillsdale County property taxes Hillsdale County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology