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. 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

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.

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. 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

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

Never miss important changes in the Richardson market.
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