Ken Oenbrink - NTX Property Watch Report
Richardson, TX
Single-Family Homes
Call or Text 972-816-1660 ken.oenbrink@gmail.com
Richardson, TX
Sun Apr 05 2020
This week the median list price for Richardson, TX is $393,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 152.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $393,000 | |
| Per Square Foot | $163 | |
| Days on Market | 85 | |
| Price Decreased | 43% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 152 | |
| Median Rent | $2,050 | |
| Most Expensive | $1,550,000 | |
| Least Expensive | $200,000 | |
| Market Action | 49 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $556,995 | 3,241 | 0.25 - 0.5 acre | 4 | 3 | 24 | 5 | 5 | 63 |
| $442,000 | 2,760 | 8,000 - 10,000 sqft | 4 | 3 | 28 | 2 | 4 | 110 |
| $349,950 | 2,363 | 8,000 - 10,000 sqft | 4 | 2 | 46 | 9 | 8 | 93 |
| $286,250 | 1,804 | 8,000 - 10,000 sqft | 3 | 2 | 56 | 6 | 11 | 71 |