Ken Oenbrink NTXsuburbs.com Market Reports

Richardson, TX

Single-Family Homes

NTXsuburbs.com / 972-816-1660 / ken.oenbrink@gmail.com



Richardson, TX

Thu Mar 28 2024
This week the median list price for Richardson, TX is $550,000 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 103. Click here to stay informed with the Richardson market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Richardson, TX

Thu Mar 28 2024
This week the median list price for Richardson, TX is $550,000 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 103. Click here to stay informed with the Richardson market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Richardson market.
Median List Price $550,000
Median Price of New Listings $497,000
Per Square Foot $235
Average Days on Market 68
Median Days on Market 35
Price Decreased 41%
Price Increased 8%
Relisted 12%
Inventory 103
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$822,000 3,609 8,000 - 10,000 sqft 4 3.5 25 3 5 42
$627,497 2,872 8,000 - 10,000 sqft 4 3 39 5 3 28
$493,500 2,038 8,000 - 10,000 sqft 4 2.5 51 2 3 42
$382,495 1,453 6,500 - 8,000 sqft 3 2 63 8 9 28