Ken Oenbrink - NTX Property Watch Report

Richardson, TX

Single-Family Homes

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


Richardson, TX

Mon Apr 22 2019
This week the median list price for Richardson, TX is $365,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 194. Click here to stay informed with the Richardson market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Richardson, TX

Mon Apr 22 2019
This week the median list price for Richardson, TX is $365,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 194. Click here to stay informed with the Richardson market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Richardson market.
Median List Price $365,500
Per Square Foot $160
Days on Market 61
Price Decreased 38%
Price Increased 5%
Relisted 7%
Inventory 194
Median House Rent $1,995
Most Expensive $1,395,000
Least Expensive $215,000
Market Action Index
Strong Seller's Market 		47

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$514,995 3,003 8,000 - 10,000 sqft 4 3 18 4 7 66
$399,250 2,494 8,000 - 10,000 sqft 4 2 40 11 9 58
$325,000 2,206 8,000 - 10,000 sqft 4 2 46 16 6 47
$279,900 1,671 8,000 - 10,000 sqft 3 2 54 10 9 72