Leave a Message

Thank you for your message. We will be in touch with you shortly.

Explore Our Properties

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

$487,900

MEDIAN SALES PRICE

CLOSED SALES

100

CLOSED SALES

ACTIVE LISTINGS

300

ACTIVE LISTINGS

MONTHS INVENTORY

3.7

MONTHS INVENTORY

Richardson, TX Real Estate Market Snapshot – May 2025

Latest Update: June 2025

📊 Key Highlights This Month:
• Median home price: $487,900 (▲ 6.3%)
• Median days on market: 12 (▲ 9.1%)
• Inventory up 68.5% with 300 homes for sale
• Homes selling at 98.0% of original list price
• New listings up 30.1%

🏠 Home Prices: Rising Amid Expanding Inventory

The median sales price in Richardson climbed to $487,900 in May 2025 — a 6.3% increase over last year. While prices are rising, the price per square foot dipped slightly to $227 (▼ 2.2%), suggesting selective appreciation and shifting buyer expectations.

📈 Listings Surge as Demand Remains Strong

Active inventory rose sharply to 300 homes, up 68.5% year-over-year, and months of inventory jumped to 3.7 months (▲ 76.2%). Despite this, the market remains active: pending sales increased 17.4% while closed sales dipped just 8.3%, showing continued buyer engagement with more choices than last year.

⏱ Homes Still Moving Quickly

Homes spent just 12 days on the market in May — up slightly from 11 last year. With an average sale-to-original list price ratio of 98.0%, most homes are still commanding near-full price when priced right and in good condition.

What Sellers Need to Know

  • Home values are up: Median price rose 6.3%, signaling strength in the Richardson market.
  • Expect more competition: With inventory up nearly 70%, standing out is key.
  • Still selling fast: Homes are averaging just 12 days on market.
  • Price it right: Homes are closing at 98% of list price — buyers are still value-conscious.
  • Prep and presentation matter: Well-maintained, move-in-ready homes get top dollar quickly.

What Buyers Need to Know

  • More homes to choose from: Inventory is up significantly, offering greater variety.
  • Act quickly: Homes still move fast in Richardson despite increased supply.
  • Competitive pricing: Even with rising prices, many homes are still fairly priced per square foot.
  • Market is active: Pending sales are up, so be ready to move when the right home hits the market.
  • Be prepared: A strong pre-approval and local agent guidance will keep you ahead in this fast-paced market.

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

 

Get your instant home valuation

Enter your details to see how much your home is worth.
  • Instant result
  • Sell for more
  • Get expert advice
Luxury Presence Home Value


Property Address

Address

dummy-map
How we calculate your estimate
How we calculate your estimate

Luxury Presence Home Value is the current estimated value of this home. It is calculated from a comprehensive database which encompasses properties from all 50 states, covering 99% of the US population, and valuation software developed by Automated Valuation Model (AVM) Analytics.

How much is your City of Richardson, TX home worth?

  • Instant property valuation
  • Expert advice
  • Sell for more

Richardson Real Estate Overview

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

About Richardson, TX

Richardson is a vibrant, established suburb located just north of Dallas, known for its exceptional public schools, robust local economy, and welcoming community feel. Long recognized as the heart of North Texas’s Telecom Corridor, Richardson 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 has also earned praise for its cultural diversity, strong civic involvement, and commitment to smart growth. From revitalized public spaces to ongoing infrastructure improvements, this city blends its mid-century roots with forward-thinking development that supports livability and long-term value.

Homes for Sale in Richardson, TX

Richardson’s real estate market offers a unique blend of classic charm and modern living, with a wide variety of homes and neighborhoods to choose from. Whether you’re looking for a spacious ranch-style home with character or a newly built townhome with low-maintenance appeal, Richardson delivers.

Popular housing types include:

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

  • Upscale 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 or downsizers

  • Newer construction homes in infill communities or on redeveloped lots, offering updated layouts and energy-efficient features

  • Investment properties and duplexes near The University of Texas at Dallas (UTD), offering strong rental potential due to student and faculty demand

From established neighborhoods with a deep-rooted sense of community to up-and-coming areas near DART stations and mixed-use developments, Richardson offers something for nearly every buyer.

Why Buyers and Sellers Choose Richardson

Richardson continues to be one of the most balanced and resilient real estate markets in North Texas. For buyers, the city offers excellent schools, commuter convenience, and neighborhood diversity—often at more attainable price points than neighboring suburbs like Plano or Allen. For sellers, strong year-round buyer interest and the city’s enduring reputation for livability help homes retain and grow in value.

Top reasons people are moving to (and staying in) Richardson:

  • Award-winning schools in both Richardson ISD and Plano ISD, depending on location

  • Close proximity to top employers, including State Farm, Texas Instruments, and Raytheon

  • Access to green space and trails, including Breckinridge Park, Heights Park, and Spring Creek Nature Area

  • Downtown revitalization, including walkable shops, restaurants, and live music venues

  • A welcoming, multicultural community that celebrates festivals, arts, and family-oriented events throughout the year

Whether you're buying your first home, upgrading for more space, or cashing in on long-term appreciation, Richardson continues to be a smart and stable choice for real estate.

Your Richardson Real Estate Experts

When navigating a market as established and in-demand as Richardson, it pays to work with professionals who know the neighborhoods, school boundaries, and pricing trends inside and out. That’s where Cindy and Cory Dunnican, founders of The Dunnican Team at Coldwell Banker Apex, Realtors®, come in.

With decades of experience and a track record of helping buyers and sellers throughout Richardson and North Dallas, they provide expert-level guidance, neighborhood-specific insights, and a personalized, 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.

Selling A Home in Richardson?

Our team knows how to position your property for success in today’s shifting market. Get expert pricing, staging tips, and a custom marketing plan.

Schedule a Seller Consultation

Ready to Buy in Richardson?

From Canyon Creek to townhome living near the DART rail, we’ll help you find your next home with confidence.

Schedule a Buyer Consultation