Ken Oenbrink - NTX Property Watch Report

Richardson, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com


Richardson, TX

Fri Nov 22 2019
This week the median list price for Richardson, TX is $337,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 212. 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.

Slight Seller's Advantage

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

Fri Nov 22 2019
This week the median list price for Richardson, TX is $337,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 212. 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.

Slight Seller's Advantage

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 $337,000
Per Square Foot $157
Days on Market 73
Price Decreased 58%
Price Increased 3%
Relisted 9%
Inventory 212
Median Rent $2,200
Most Expensive $1,300,000
Least Expensive $150,000
Market Action 42
Slight Seller's Advantage

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
$496,173 3,236 0.25 - 0.5 acre 4 3 24 6 7 92
$374,900 2,478 8,000 - 10,000 sqft 4 2 43 9 8 75
$299,999 2,054 8,000 - 10,000 sqft 4 2 51 7 10 70
$264,900 1,488 8,000 - 10,000 sqft 3 2 58 5 9 55