Richardson Home Values

For a third consecutive month, closed transactions in Richardson carried a quicker pace than the trailing-year norm, with contracts averaging roughly 20 days to close this quarter versus about four weeks over the past year. Based on MLS data for August 2026 closings in Richardson, price per square foot slipped modestly to around $226, still above the Dallas County line, while median sale price ticked up to nearly $483,000. Sellers kept recovering close to full asking price, giving back only pennies on the dollar, even as concessions touched roughly half of closings, averaging about $7,200 — little changed from the annual pattern. Fewer than one in a hundred sales closed above list, and annual appreciation stayed under one percent.

Active listings in Richardson held flat at roughly 470 homes, matching the trailing-year level rather than building out. New listings continued arriving at a brisk pace, outrunning the annual average, yet the count of contracts sitting in pending status stayed well below what the yearly rate would suggest — consistent with deals moving to the closing table quickly rather than lingering under contract. Months of available supply narrowed to about five, still comfortably tighter than Dallas County's roughly six and a half. If listings keep converting this fast, the pending pipeline may stay lean into fall.

While Dallas County's median sale price held near $379,000 this quarter, Richardson closed measurably higher, around $465,000, based on MLS data for July 2026 closings in Richardson. Price per square foot held around $231, about 12% above the county benchmark, a premium that has held steady across several recent cycles. Closed-sale timelines ran faster than the county too, with contracts landing in about three weeks versus closer to four countywide. Sellers here recovered nearly all of asking price, giving back only pennies on the dollar, yet concessions touched a bit over half of transactions, a slightly higher share than the county average, averaging roughly $7,500. Annual appreciation stayed essentially flat, up under one percent.

Where Dallas County carries more than six months of available supply, Richardson's pipeline held near five, a gap that has generally corresponded with steadier local absorption. Active listings stayed flat at just over 450, matching the level seen across the trailing year rather than expanding. New listings arriving this quarter outpaced pending contracts by a wider margin than the county typically shows, suggesting incoming supply is landing faster than it converts to contract. If that pattern holds, Richardson's inventory cushion relative to the county could begin to narrow.

Homes in Richardson moved to contract in roughly 18 days on average during the most recent quarter — a pace nearly 36% faster than the trailing twelve-month norm of 28 days, a shift that gives this cycle's closing data a notably different character than the year's earlier pattern. Based on MLS data for June 2026 closings in Richardson, price per square foot edged up to about $233, maintaining the roughly 13% premium over the Dallas County benchmark. Sellers recovered nearly all of their asking price at the table, giving back less than two cents on the dollar. Just over half of transactions included a seller concession averaging around $8,000, a rate essentially unchanged from the annual baseline.

The acceleration in time-to-contract has not yet translated into a tighter supply picture on paper — active listings in Richardson remained flat at roughly 420 homes, and months of available supply held near four and a half, still well below Dallas County's six-plus months. New listings entering the market outpaced pending contracts during the quarter, suggesting fresh supply is being absorbed quickly rather than accumulating. If that absorption pace holds, the inventory buffer heading into late summer remains lean by county standards.