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By the Numbers

Real Estate Market Update

Curious about what the market’s doing in your neighborhood? Whether you’re thinking of buying, selling, or just staying informed, our local real estate market updates help you make smarter decisions. Below, you'll find the latest stats, trends, and expert commentary—broken down by county, city, and even neighborhood. This page is updated monthly with insights from The Dunnican Team’s on-the-ground expertise.

 

City of Richardson, TX

MEDIAN SALES PRICE

$489,750

MEDIAN SALES PRICE

CLOSED SALES

106

CLOSED SALES

ACTIVE LISTINGS

306

ACTIVE LISTINGS

MONTHS INVENTORY

3.7

MONTHS INVENTORY

Richardson, TX Market Snapshot – June 2025

Latest Update: July 2025

📊 Key Highlights This Month:
• Median sales price: $489,750 (▼ 2.0%)
• Median price per square foot: $222 (▼ 6.7%)
• Median days on market: 27 (▲ 170.0%)
• Sale-to-original list price: 97.0% (▼ 1.4%)
• Months of inventory: 3.7 (▲ 48.0%)
• Homes for sale: 306 (▲ 49.3%)
• Closed sales: 106 (▲ 26.2%)

🏠 Prices Dip Slightly as Inventory Builds

In June 2025, Richardson's median sales price dipped 2.0% to $489,750, while the price per square foot dropped 6.7%. Homes are taking longer to sell, with a median of 27 days on market—up significantly from a year ago. The sale-to-original list price ratio is now 97.0%, indicating modest negotiation by buyers.

📈 Active Listings Surge, Sales Climb

Inventory levels jumped across the board: 306 homes were on the market in June (up 49.3%), and months of supply grew to 3.7. Despite higher inventory, demand remains healthy, with closed sales up 26.2% and pending sales rising 30.7%.

⏱ Shifting Market = Strategic Opportunity

With growing inventory and homes staying on market longer, both buyers and sellers need to be well-prepared. The Richardson market remains active—but success depends on pricing, presentation, and timing.

What Sellers Need to Know

  • Inventory is up: You’re competing with 49% more listings than last year—presentation is critical.
  • Homes are taking longer to sell: Expect a longer timeline—27 days on average.
  • Pricing matters: Median prices are softening—accurate pricing can make or break interest.
  • Buyers are negotiating: The average sale is coming in at 97% of original list price.
  • Demand is still strong: Closed and pending sales are up—well-positioned homes are moving.

What Buyers Need to Know

  • More choices: Listings are up nearly 50%—you can take time to find the right fit.
  • Better negotiating power: With more days on market and lower sale-to-list ratios, there’s room to negotiate.
  • Prices are stabilizing: A slight dip in pricing makes this a smart time to enter the market.
  • Homes are still moving: Don’t delay when a well-priced, move-in ready home hits the market.
  • Local knowledge pays off: Partner with a local expert like The Dunnican Team for insight on Richardson’s micro-markets.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), June 2025. Data deemed reliable but not guaranteed.

Source: MLS data via North Texas Real Estate Information Services (NTREIS), May 2025. Data deemed reliable but not guaranteed.

 

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Richardson Real Estate Overview

A Tech-Driven Suburb with Excellent Schools and Central DFW Access

About Richardson, TX

Richardson is a vibrant, well-established suburb located just north of Dallas, known for its exceptional public schools, robust economy, and welcoming community feel. Often called the heart of North Texas’s Telecom Corridor, the city is home to a high concentration of tech firms, corporate headquarters, and research facilities—making it one of the most employment-rich cities in the region.

Its central location along US-75 and the President George Bush Turnpike (PGBT) places residents within easy reach of Dallas, Plano, Frisco, and DFW Airport, making it an ideal hub for commuters, remote professionals, and business travelers alike. Add in a walkable downtown, tree-lined residential pockets, and top-rated public schools, and you have a community that continues to attract families, professionals, and long-term investors year after year.

Richardson is also celebrated for its cultural diversity, strong civic involvement, and commitment to smart growth. From revitalized public spaces to ongoing infrastructure improvements, the city blends its mid-century roots with forward-thinking development that supports livability and long-term value.


Homes for Sale in Richardson, TX

The Richardson real estate market offers a distinctive blend of classic charm and modern living. Whether you’re looking for a spacious ranch-style home with vintage character or a sleek townhome near the CityLine district, Richardson delivers wide-ranging options to suit your lifestyle and budget.

Popular home types include:

  • Mid-century single-family homes with large lots, mature trees, and timeless curb appeal—many recently renovated with updated interiors

  • Custom homes in sought-after neighborhoods like Canyon Creek, Prairie Creek, and JJ Pearce, known for their architectural variety and strong resale value

  • Modern townhomes and condos near CityLine and downtown Richardson—ideal for professionals, downsizers, or those who prefer low-maintenance living

  • New construction homes in infill neighborhoods and redeveloped lots, featuring open layouts, energy efficiency, and upscale finishes

  • Investment properties and duplexes near UT Dallas, offering strong rental demand from students, staff, and faculty

From established neighborhoods with a deep sense of community to new walkable developments near DART stations and retail hubs, Richardson offers something for nearly every type of buyer.


Why Buyers and Sellers Choose Richardson

Richardson continues to be one of the most balanced and resilient housing markets in North Texas. Buyers appreciate its strong schools, commuter convenience, and diversity of housing, while sellers benefit from steady appreciation and high demand year-round.

Top reasons buyers and sellers choose Richardson:

  • Award-winning schools in Richardson ISD and Plano ISD, depending on the neighborhood

  • Proximity to major employers including Texas Instruments, State Farm, and Raytheon

  • A wide range of parks and trails, including Breckinridge Park, Heights Park, and Spring Creek Nature Area

  • A revitalized, walkable downtown with shopping, dining, and live entertainment

  • A welcoming, multicultural community that hosts family-friendly events, art festivals, and cultural celebrations throughout the year

Whether you’re buying your first home, moving up for more space, or cashing in on long-term equity, Richardson continues to offer a smart, stable, and connected place to call home.


Your Richardson Real Estate Experts

Navigating a market as established, diverse, and in-demand as Richardson calls for more than just MLS access—it takes local expertise, strategic advice, and a team who understands how neighborhoods, schools, and pricing trends impact your decisions.

That’s where Cindy and Cory Dunnican come in. As founders of The Dunnican Team at Coldwell Banker Apex, Realtors®, they’ve spent decades helping clients make confident real estate moves throughout Richardson and the North Dallas corridor. From advising on school zones and floorplans to maximizing value for sellers, Cindy and Cory provide:

  • Personalized guidance backed by deep market knowledge

  • Faith-driven service focused on your long-term goals

  • Smart pricing strategies, neighborhood insight, and negotiation expertise

  • A full-service team that treats your real estate journey with care, integrity, and excellence

If you’re considering a move in or around Richardson, reach out to The Dunnican Team today—and let local experience lead the way.

alized, faith-driven approach that sets them apart. Whether you’re relocating, buying your forever home, or preparing to list your property, Cindy and Cory are here to ensure every detail is handled with care and precision.

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