The Richardson housing market is very competitive. Homes in Richardson receive 3 offers on average and sell in around 34 days. The median sale price of a home in Richardson was $435K last month, down 4.2% since last year. The median sale price per square foot in Richardson is $240, up 21.2% since last year.
What is the housing market like in Richardson today?
In February 2024, Richardson home prices were down 4.2% compared to last year, selling for a median price of $435K. On average, homes in Richardson sell after 34 days on the market compared to 30 days last year. There were 75 homes sold in February this year, down from 81 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$435,000
-4.2% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Richardson, TX
$435,000
-4.2%
United States
To compare other locations to the Richardson and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richardson add value to a home.
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How hot is the Richardson housing market?
Richardson is very competitive. Homes sell in 32.5 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 33 days.
Hot homes
can sell for about 1% above list price and go pending in around 15 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Richardson
Explore recent offers and recently sold homes in Richardson
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Prairie Creek Elementary School
Public • K-6
327
Students
7 reviews
9/10
Math/science/tech Magnet
Public • K-6
591
Students
7 reviews
8/10
Luna Elementary School
Public • PreK-5 • Choice school
324
Students
11 reviews
8/10
Arapaho Classical Magnet
Public • K-6
578
Students
12 reviews
8/10
Spring Creek Elementary School
Public • PreK-5 • Choice school
570
Students
7 reviews
Only showing 5 of
35 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Richardson housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Richardson.
Risk Factor
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richardson has a moderate risk of flooding. 1,449 properties in Richardson are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Richardson. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richardson has a moderate risk of wildfire. There are 4,771 properties in Richardson that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Richardson.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Richardson has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Richardson is most at risk from hurricanes. 30,426 properties in Richardson have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 84 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.