Inside DFW Real Estate

Richardson, Texas real estate market update

Richardson home prices rose 7.2% in July, one of the stronger gains in our coverage area, even as sales activity slowed. Here's the full breakdown.

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monthly market update

Richardson's median home price rose 7.2% year over year in July 2026 to $482,500, while closed sales fell 11.7% to 91. Active listings rose 2.3% to 314, and months of inventory ticked up to 3.9, keeping the market leaning slightly toward sellers. Homes averaged 34 days on market and closed at a strong 95.6% of original list price.

Richardson, TX Housing Market Update | Reporting Period: July 1–31, 2026

Key Highlights | Richardson Housing Market Update

Median Price: $482,500 (+7.2% year over year)
Closed Sales: 91 (-11.7% year over year)
Active Listings: 314 (+2.3% year over year)
Months of Inventory: 3.9 (up from 3.6 last July)

Richardson stood out this July as one of the few cities in our coverage area posting a real price gain, even as sales activity cooled.

PRICES
Median price was $482,500, up 7.2% from July 2025 — one of the stronger gains in our coverage area this month. Price per square foot moved the other direction, down 5.5% to $218.78, suggesting the median's rise reflects a shift toward larger homes selling rather than a uniform increase in value.

SALES ACTIVITY
Richardson closed 91 sales in July, down 11.7% from a year ago. With this much volume, the slowdown is real and meaningful, even alongside the price gain.

INVENTORY
Active listings rose 2.3% year over year to 314. Months of inventory ticked up to 3.9, up three-tenths of a month from last July.

MARKET BALANCE
At 3.9 months of supply, Richardson sits just inside seller-leaning territory. Days on market rose to 34, up three days from last July, and homes are closing at a strong 95.6% of original list price.

What Sellers Need to Know

Median price is up 7.2% year over year — one of the stronger gains in our coverage area.
Homes are closing at a strong 95.6% of original list price.
Months of supply at 3.9 still favors sellers, though only modestly.
The $500K–$749K band leads Richardson's market at 32.9% of closed sales.

What Buyers Need to Know

Closed sales are down nearly 12% year over year — some pullback in competition from a year ago.
At 3.9 months of supply, conditions are close to balanced despite favoring sellers slightly.
Be ready to move: 34 days on market means well-priced homes aren't lingering.
Nearly 60% of closed sales fell between $400K and $749K.

2026 Richardson Housing Market Forecast

If sales activity stabilizes closer to last year's pace, expect Richardson to hold its current seller-leaning-to-balanced conditions through the rest of the year rather than shift sharply. The gap between median price and price per square foot suggests some of this month's price gain reflects the mix of homes selling — worth watching over the next couple of reports to see if it's a durable trend or a temporary shift. If mortgage rates ease, watch for sales activity to pick back up, which could tighten the market further. Sellers with well-presented homes should continue to see strong results.

Trending in Real Estate News

Realtor.com: National inventory continues climbing even as mortgage rates hover near 6.67%, giving buyers more room to negotiate heading into fall. Read more
Redfin: Pending home sales edged up slightly in early August after a slow summer, though they remain below last year's pace nationally. Read more
MetroTex Association of REALTORS®: North Texas inventory growth is starting to slow, with DFW posting modest year-over-year declines in active listings — an early sign the region may be stabilizing. Read more
Zillow: Zillow's latest national forecast calls for roughly flat home price growth over the next year, with Dallas-area metros among those it expects to see modest price declines. Read more

Thinking about buying or selling in Richardson? The Dunnican Team would love to help you make sense of what these numbers mean for your specific situation. Reach out anytime — we're happy to talk through your options, no pressure, no obligation.

Source: Texas REALTORS® MarketViewer — NTREIS data via the Texas REALTOR® Data Relevance Project, MetroTex Association of REALTORS® (July 1–31, 2026, compared to July 2025). The Dunnican Team at Coldwell Banker Apex, Realtors® | TREC License #0461619 | Designated Broker: Lori Arnold | Equal Housing Opportunity

Richardson Housing Market FAQs

Is now a good time to sell a home in Richardson?

Yes — median price is up 7.2% year over year, and homes are closing at a strong 95.6% of original list price. Months of supply at 3.9 still favors sellers modestly.

Is now a good time to buy a home in Richardson?

Closed sales are down nearly 12% year over year, suggesting somewhat less competition than a year ago, though at 3.9 months of supply the market still leans slightly toward sellers.

How long are homes sitting on the market in Richardson?

The average is 34 days on market, up three days from July 2025. Add the typical 28 days from contract to close, and the full process runs about 62 days.

Are home prices rising or falling in Richardson?

Prices are rising: median price is up 7.2% year over year to $482,500. Price per square foot fell 5.5%, though, suggesting some of the median's gain reflects larger homes selling this year.

How competitive is the Richardson housing market right now?

Leaning slightly toward sellers, at 3.9 months of supply, with homes averaging just 34 days on market and closing near full asking price.

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