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Featured local agent — Richardson, TX
Sarah Mitchell
Compass Real Estate · Richardson, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richardson, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$465,000median sale price
How is the Richardson, TX housing market right now?
The median home sale price in Richardson, TX is $465,000, down 3.1% year-over-year. Homes sell in an average of 31 days with 287 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richardson a buyer's or seller's market?
Richardson, TX is currently a seller's market, based on 2.9 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
98
Last 12 weeks
Days on market
31
Average pace
Active listings
287
2.9 months supply
Sale-to-list
97.8%
Below asking
What does the Richardson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $465,000 |
| Median list price | $490,000 |
| Year-over-year price change | -3.1% |
| Average days on market | 31 days |
| Active inventory | 287 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $238/sq ft |
| Homes sold (latest month) | 98 |
| New listings (latest month) | 141 |
| Listings with a price cut | 37.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richardson by property type?
How the Richardson, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $479,000 | $245/sq ft | 89 | 29 days |
| Condo / Co-op | $225,000 | $168/sq ft | 5 | 57 days |
| Townhouse | $310,000 | $193/sq ft | 4 | 103 days |
Source: Redfin · Updated monthly
The Richardson housing market is currently classified as a seller's market with a median sale price of $465,000. Prices have fallen 3.1% compared to last year, with homes spending an average of 31 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Richardson
There are currently 287 homes listed for sale in Richardson, Texas. The median listing price is $490K.
Active listings
287
Homes on market
Median list price
$490K
Avg. days on market
31
Days until sale
New this week
141
Newly listed
Who lives in Richardson?
Population
118,269
Median income
$96,257/yr
Median age
34 years
Owner-occupied
50.8%
College grads
56.2%
Avg commute
23.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Richardson?
Zillow home value
$448,332
Zillow rent index
$1,675/mo
Price-to-rent ratio
22.3x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Richardson?
Richardson is a community of approximately 118K residents with a median age of 34 years.The median household income is $96,257, which reflects a relatively affluent area with strong earning potential. 56.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 50.8%, showing a blend of owner and renter-occupied properties. The average commute time is 23.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richardson offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richardson?
30 schools tracked · 18,739 students
The largest public schools serving Richardson, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
RICHARDSON H S
Grades 9-12 · 2,754 students
PEARCE H S
Grades 9-12 · 2,453 students
BERKNER H S
Grades 9-12 · 2,312 students
RICHARDSON WEST TECHNOLOGY AND ARTS MAGNET
Grades 7-8 · 793 students
MATH/SCIENCE/TECH MAGNET
Grades K-6 · 628 students
APOLLO J H
Grades 7-8 · 617 students
RICHLAND EL
Grades PK-6 · 609 students
ARAPAHO CLASSICAL MAGNET
Grades K-6 · 578 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richardson, TX?
Want a head-to-head view? Compare Richardson side-by-side with any other U.S. city using our market-comparison tool.
Is Richardson a good real estate investment market?
For investors evaluating Richardson, the price-to-rent ratio of 22.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Richardson's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richardson's median home price.
Frequently asked questions
What is the average home price in Richardson?
The median home sale price in Richardson is $465,000, down 3.1% from last year.
How long do homes stay on market in Richardson?
Homes typically spend 31 days on market before going under contract.
What is the median income in Richardson?
The median household income is $96,257 per year.
Is Richardson a buyer's or seller's market?
With 2.9 months of supply, Richardson is currently a seller's market.
What is the Zillow home value estimate for Richardson?
The Zillow Home Value Index (ZHVI) for Richardson is $448,332, representing the typical home value in the area.
What is the median condo price in Richardson?
The median condo/co-op sale price in Richardson, TX is $225,000, compared to $479,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richardson?
The median single-family home price in Richardson, TX is $479,000 (about $245 per square foot).
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