Ken Oenbrink - NTX Property Watch Report

Richardson, TX

Single-Family Homes

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


Richardson, TX

Sat Sep 21 2019
This week the median list price for Richardson, TX is $364,500 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 222. 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

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

Sat Sep 21 2019
This week the median list price for Richardson, TX is $364,500 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 222. 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

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 $364,500
Per Square Foot $157
Days on Market 66
Price Decreased 59%
Price Increased 2%
Relisted 5%
Inventory 222
Median House Rent $2,150
Most Expensive $1,769,900
Least Expensive $228,000
Market Action Index
Strong Seller's Market 		45

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
$520,000 3,221 0.25 - 0.5 acre 4 3 28 5 4 71
$399,000 2,556 8,000 - 10,000 sqft 4 3 41 4 7 71
$331,750 2,275 8,000 - 10,000 sqft 4 2 45 8 9 68
$274,995 1,665 8,000 - 10,000 sqft 3 2 50 11 11 55