Richardson TX Home Prices & Market Trends

RICHARDSON, TX HOUSING MARKET UPDATE – MAY 2026

Richardson Housing Market Update | Reporting Period: May 1–31, 2026 • Data via NTREIS

Richardson posted the highest close-to-original-list price ratio in this entire report in May 2026 — 98.6%. In practical terms, sellers in Richardson are receiving 98 cents on every dollar of asking price at close, with virtually no negotiation. That single metric characterizes a market where correctly priced properties are being absorbed efficiently and competitively. Combined with just 3.3 months of supply and a 37-day average DOM, Richardson remains one of the most competitive markets in the Collin/Dallas County corridor.

Key Highlights | Richardson Housing Market Update

Median Sold Price: $465,000 (−3.1% YoY)
Closed Sales: 104 (−1.9% YoY)
Active Listings: 280 (−7.6% YoY)
Months of Inventory: 3.3 (down 0.5 months from May 2025)
Sale-to-List Price Ratio: 98.6% — highest in this report
Days on Market: 37 (up 6 days from May 2025)
Days to Close: 24 (1 day faster than May 2025)
Median Price Per Sq Ft: $237.71 (+4.8% YoY)
Most Active Price Range: $500K–$749K (32.7% of closings)

PRICES
Richardson's median sold price was $465,000 in May 2026, down 3.1% from May 2025 — but price per square foot rose 4.8% to $237.71. When PSF rises while the median falls, smaller homes made up a larger proportion of the closed sales mix this month relative to a year ago. The 98.6% close/list ratio is the critical counter-narrative: sellers pricing to the current market are receiving 98.6 cents on the list dollar — virtually no discount at close. A 3.1% median decline with a 98.6% close/list ratio is a mix-shift story, not a value decline story. The 54-year median age reflects Richardson's mature established neighborhoods near the Telecom Corridor.

SALES ACTIVITY
One hundred four homes closed in Richardson in May 2026 — down just 1.9% from May 2025, essentially flat volume. Active listings contracted 7.6% to 280, continuing the inventory tightening that has defined this market. The combination of near-flat closings and declining listings means each available listing has a slightly higher probability of selling — a structural positive for seller outcomes. The 37-day DOM extended 6 days from last year but remains among the faster pre-contract timelines in the region.

INVENTORY
Active listings fell to 280 in May 2026, down 7.6% from a year ago, producing 3.3 months of supply — down 0.5 months year over year. At 3.3 months, Richardson is comfortably in seller-tilted territory. The inventory contraction alongside near-flat volume reinforces the competitive environment that produces a 98.6% close/list ratio. Supply has been tightening consistently in Richardson across recent months, and the trend shows no sign of reversing.

MARKET BALANCE
Richardson's 98.6% close/list ratio is the defining characteristic of its May 2026 market. A market with 3.3 months of supply where sellers receive 98.6% of asking price is a market where buyers compete on terms, not price. For sellers, this means pricing accurately to current comps produces near-full-ask outcomes. For buyers, it means coming prepared with a competitive offer and a clear decision-making process — the 37-day DOM doesn't allow for extended deliberation.

What Sellers Need to Know

The 98.6% close/list ratio is the highest in this regional report — sellers pricing accurately in Richardson are capturing virtually every dollar of asking price.
Active listings are down 7.6% and supply has tightened to 3.3 months. The structural market dynamics are firmly on your side.
The PSF gain (+4.8% to $237.71) alongside the lower median reflects a mix shift, not value erosion. Get a current CMA to understand where your specific property falls.
The 37-day DOM — while 6 days longer than last year — is still among the fastest pre-contract timelines in the region. Prepare your home before you list.

What Buyers Need to Know

3.3 months of supply means you have limited options and real competition for well-priced properties. Be financially prepared and make decisions quickly on properties you want.
The 98.6% close/list ratio tells you sellers are not discounting. Come with a well-supported, competitive offer — not a lowball based on last year's conditions.
Richardson's RISD schools, Telecom Corridor proximity, and mature neighborhood character drive persistent buyer demand. These fundamentals haven't changed.
The 37-day average DOM means hesitation costs you on well-priced listings. Define your criteria clearly before you start your search so you can act when the right property appears.

2026 Richardson Housing Market Forecast

Richardson continues to demonstrate consistent market strength. A 98.6% close/list ratio with 3.3 months of supply — sustained over consecutive months — is a reliable indicator of a market where pricing has found equilibrium with buyer demand. The PSF gain of 4.8% confirms that underlying value is holding across Richardson's established housing stock. Sellers entering this market should feel confident; buyers should prepare for a competitive environment and act accordingly.

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Questions about the Richardson market?

The Dunnican Team at Coldwell Banker Apex specializes in Richardson and the surrounding North Texas market. Whether you're buying, selling, or monitoring your home's value, we can walk you through what the current data means for your specific situation. Call us at 972-679-1789 or visit thedunnicanteam.com.

Source: Texas REALTORS® MarketViewer (NTREIS/MetroTex Association), reporting period May 1–31, 2026.

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Richardson Housing Market — Frequently Asked Questions

What is the median home price in Richardson, TX right now?

The median sale price in Richardson was $465,000 in May 2026, down 3.1% from May 2025. However, price per square foot rose 4.8% to $237.71 — suggesting the homes that sold in May were slightly smaller than in the prior year. The 98.6% close/list ratio confirms sellers are getting very near their asking price at current market levels.

Is Richardson a buyer's market or seller's market in 2026?

Richardson is firmly in seller's market territory as of May 2026. With just 3.3 months of supply and a 98.6% close/original list price ratio — the highest in this report — sellers are getting nearly their full asking price with minimal negotiation.

How long does it take to sell a home in Richardson, TX?

In May 2026, Richardson homes averaged 37 days on market before going under contract, then 24 days to close — a total of 61 days from listing to closing. That's 5 days longer than May 2025 but still among the fastest complete pipelines in the Collin/Dallas County market.

Why does Richardson show a price decline even with a 98.6% close/list ratio?

The 3.1% median price decline likely reflects a mix shift — smaller homes made up more of May's closed sales than in May 2025, pulling the median down. Price per square foot actually rose 4.8%, which is the more accurate indicator of value direction when the closed sales mix changes.

What makes Richardson's housing market so competitive?

Richardson's combination of RISD schools, Telecom Corridor proximity, established mature neighborhoods, and tight inventory (3.3 months) creates persistent buyer demand. In May 2026, sellers received 98.6% of list price — the highest in the region.

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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Real Estate Market Update

City of Richardson, TX

Richardson, TX Housing Market Update

RICHARDSON, TX HOUSING MARKET UPDATE – MAY 2026