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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

$569,908

MEDIAN SALES PRICE

CLOSED SALES

90

CLOSED SALES

ACTIVE LISTINGS

312

ACTIVE LISTINGS

MONTHS INVENTORY

3.8

MONTHS INVENTORY

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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.

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Richardson Market Snapshot – August 2025

Market Data for: August 2025

📊 Key Highlights This Month:
• Average sales price: $569,908 (▲ 18.9%)
• Median price per square foot: $225 (0.0%)
• Median days on market: 28 (▲ 47.4%)
• Sale-to-original list price: 95.4% (▼ 2.1%)
• Months of inventory: 3.8 (▲ 18.8%)
• Homes for sale: 312 (▲ 21.9%)
• New listings: 128 (▼ 9.9%)
• Pending sales: 70 (▼ 20.5%)
• Closed sales: 90 (▲ 11.1%)

🏡 Prices Climb, Market Pace Slows

The average sales price in Richardson rose to $569,908, an 18.9% jump from last year. Median price per square foot held steady at $225. Homes are taking longer to sell, with a median of 28 days on market, up 47.4% year-over-year.

📈 Inventory Rises, Buyer Activity Mixed

Active listings increased to 312 homes, a 21.9% gain compared to August 2024. New listings declined 9.9%, while pending sales dropped 20.5%. However, closed sales increased 11.1%, showing that buyer demand is still present for well-priced homes. With 3.8 months of inventory, Richardson remains in a seller-leaning but softening market.

⏱ Strategic Positioning Matters

With higher prices but slower absorption, sellers need to price strategically and prepare for longer timelines. Buyers benefit from more selection and negotiating room but should act quickly on homes that are move-in ready and competitively priced.

📉 Market Context is Key

Richardson’s data reflects both luxury and mid-range sales, which can create wide swings in averages. The Dunnican Team tracks long-term trends and neighborhood-specific data to help sellers and buyers understand what’s really happening in their part of Richardson.

What Sellers Need to Know

  • Prices are higher: Average sales price rose nearly 19% year-over-year.
  • Homes taking longer to sell: Median DOM increased to 28 days.
  • More competition: Active listings rose 21.9% from last year.
  • Negotiations rising: Sale-to-list ratio dropped to 95.4%.
  • Proven strategies help: The Dunnican Team can guide you to maximize results in today’s shifting market.

What Buyers Need to Know

  • Prices rising: Higher averages mean stronger competition for desirable homes.
  • More inventory: Over 300 active listings give buyers more choice.
  • More time to decide: Homes are sitting longer, offering flexibility.
  • Opportunities exist: With pending sales down, some sellers may be more motivated.
  • Local expertise matters: Cindy and Cory Dunnican know Richardson and can help you secure the best value.

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

 

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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