Ken Oenbrink - NTX Property Watch Report

Richardson, TX

Single-Family Homes

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



Richardson, TX

Thu Aug 06 2020
This week the median list price for Richardson, TX is $393,750 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 154. 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

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

Thu Aug 06 2020
This week the median list price for Richardson, TX is $393,750 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 154. 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

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 $393,750
Per Square Foot $163
Days on Market 68
Price Decreased 49%
Price Increased 5%
Relisted 7%
Inventory 154
Median Rent $2,075
Most Expensive $1,550,000
Least Expensive $215,000
Market Action 54
Strong Seller's Market

The market appears to be 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
$597,000 3,144 0.25 - 0.5 acre 4 3 46 7 0 71
$449,950 2,813 8,000 - 10,000 sqft 4 3 40 7 8 81
$360,000 2,399 8,000 - 10,000 sqft 4 2 44 12 3 44
$300,000 1,735 8,000 - 10,000 sqft 3 2 52 7 7 74