Ken Oenbrink - NTX Property Watch Report
Richardson, TX
Single-Family Homes
Call or Text 972-816-1660 ken.oenbrink@gmail.com
Richardson, TX
Mon Jan 20 2020
This week the median list price for Richardson, TX is $340,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 145.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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
| Median List Price | $340,000 | |
| Per Square Foot | $154 | |
| Days on Market | 84 | |
| Price Decreased | 58% | |
| Price Increased | 2% | |
| Relisted | 12% | |
| Inventory | 145 | |
| Median Rent | $2,150 | |
| Most Expensive | $689,000 | |
| Least Expensive | $199,900 | |
| Market Action | 44 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $499,910 | 3,356 | 0.25 - 0.5 acre | 4 | 3 | 21 | 6 | 4 | 95 |
| $374,950 | 2,374 | 8,000 - 10,000 sqft | 4 | 3 | 46 | 2 | 8 | 99 |
| $318,200 | 2,263 | 8,000 - 10,000 sqft | 4 | 2 | 47 | 6 | 7 | 69 |
| $278,900 | 1,735 | 8,000 - 10,000 sqft | 3 | 2 | 57 | 6 | 5 | 71 |