Hey there, everyone! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing fantastic today.

Now, I know what you’re thinking – “Marie, what’s the latest scoop on the College Park real estate market in Richardson, TX?” Well, my friends, you’re in luck because today I have a market update that will keep you engaged and interested. So, let’s dive right in!

As of July 2023, we currently have a 2 Months Supply of Inventory in College Park. That means there’s a good balance between the number of homes available and the number of buyers in the market. It’s like the Goldilocks zone of real estate – not too hot, not too cold. Just right!

Now, let’s talk about the List to Sold Price percentage. Drumroll, please… it’s an impressive 97.6%! That’s right, folks, sellers in College Park are getting nearly their asking price when their homes sell. So, if you’re a seller, this could mean more money in your pocket!

But wait, there’s more! The median days on market in College Park is 76. That’s less than three months! Homes are flying off the shelves faster than hotcakes at a Sunday brunch. So, if you’re a buyer, you’ll need to be quick and decisive to snag your dream home in this highly sought-after neighborhood

And now, the moment you’ve all been waiting for – the median sold price. It’s a solid $478,900! That’s right, ladies and gentlemen, this is the median price for a home sold in College Park over the last 12 months. It’s a testament to the desirability and value of this vibrant community.

So, whether you’re a buyer or a seller, College Park in Richardson, TX, is a market worth paying attention to. With a balanced supply of inventory, high List to Sold Price percentage, speedy sales, and a solid median sold price, there’s something for everyone in this thriving neighborhood.

Well, that wraps up our market update for College Park. I hope you found this information helpful and engaging. If you have any questions or need assistance with your real estate needs, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS.

Thanks for dropping in and look for more exciting updates and tips from your favorite REALTOR® Marie Walton, CRS GRI.