Ken Oenbrink NTXsuburbs.com Market Reports

Richardson, TX

Single-Family Homes

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



Richardson, TX

Tue Mar 19 2024
This week the median list price for Richardson, TX is $550,000 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has increased to 105. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Richardson, TX

Tue Mar 19 2024
This week the median list price for Richardson, TX is $550,000 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has increased to 105. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Richardson market.
Median List Price $550,000
Median Price of New Listings $499,999
Per Square Foot $235
Average Days on Market 69
Median Days on Market 35
Price Decreased 41%
Price Increased 9%
Relisted 14%
Inventory 105
Median Rent
Market Action 54
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
$835,950 3,581 8,000 - 10,000 sqft 4 3.5 22 3 2 42
$629,997 3,134 8,000 - 10,000 sqft 4 3.5 32 4 3 31
$493,500 2,038 8,000 - 10,000 sqft 4 2 51 8 8 35
$385,000 1,477 8,000 - 10,000 sqft 3 2 63 4 4 28