Homes for Sale Richardson TX

corporate buildings richardsonCorporate Buildings in Richardson TX

Richardson TX is a vital and thriving city boasting a large population and a booming industry. Richardson TX was ranked as one of the "Best Places to Raise Kids" in Business Week and has been recognized as one of the best places for commuters, with its close proximity to Dallas and its fantastic family atmosphere. Money magazine further honored Richardson TX as one of the "Best Places to Live" in the nation, and it was awarded as one of the safest cities in America. Overall, homes for sale Richardson TX make ideal investments for young career professionals and large families alike.

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corporate complex richardsonCorporate Complex in Richardson TX

Richardson TX homes for sale have increased in value steadily over the past five years. There were 1,329 homes sales in 2015 vs. 1,236 in 2016. The average sales price for a home in 2015 was $257,759 vs. $284,957 in 2016, a 10.6% increase.

80.4% of home sales were between the $150,000 to $399,900 in 2016. The average inventory for all types of homes including single family, townhomes and new construction was 1.1 month’s supply in 2015 and 2016. Richardson is definitely in a “seller’s market”.  For single family resale homes, prices ranged from $249,494 on average to $303,676. For new construction-single family homes prices ranged from $$220,000 to $748,912 in 2016. For resale homes, sellers are receiving on average between 96.7% to 100.3% of their original list price. For new construction, sellers are receiving on average 88.0% to 113.4% of the original list price. The reason for the higher prices is because there are nunmerous multiple offers in a tight inventory market.

The Richardson TX real estate market is expected to continue growing, making property in this area a solid investment. With a strong college and university presence, numerous corporate and small businesses located within their city limits, Richardson is an established city in North Dallas.  Residents have easy access to Highway 75, George Bush Tollway.

Those living in Richardson TX experience a very high quality of living due to the amenities provided by the Dallas metropolitan area. The median family income in Richardson TX is a substantial $90,790, which is quite high considering the median prices of homes for sale Richardson TX, and there is an extensive educational system in place for students of all ages. The University of Texas at Dallas is located within Richardson TX, as is the acclaimed Richland College. There is also a comprehensive selection of both public and private schools within the area. All these factors provide homeowners in Richardson TX with strong fundamentals to rent their property in the future.

 

University of Texas at RichardsonUniversity of Texas at Richardson TX

If you're looking for Richardson TX real estate or are looking for a home in one of the nearby communities of Plano, McKinney, Rockwall or other North Dallas suburbs, The DeBerry Team is ready to help you find the right home at the right price. Give us a call at 214-215-5106 to learn more about your home buying options.

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Listing information last updated on August 8th, 2020 at 11:00am CDT.