Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you a market update for Richardson, Texas in March 2024.

Let’s jump right in. Currently, we have a 2.49 Months Supply of Inventory in Richardson. This means that if no new homes were listed, it would take just over two months to sell all the homes on the market. Over the last 12 months, we’ve seen a 35.33% increase in Months Supply of Inventory, which is something to keep an eye on. 6 months is considered a balanced market and we are still way short of that number,

The List to Sold Price percentage in Richardson is an impressive 99.8%. This shows that sellers are getting almost all of their asking price, which is great news for anyone looking to sell their home in this market. We are seeing a number of properties selling above list price,

The median days on market in Richardson is 27, meaning that homes are selling relatively quickly in this area. If you’re a buyer, you’ll want to act fast when you find a home you love.

And finally, the median sold price in Richardson is $506,600. This gives you an idea of the average price of homes that are selling in this market.

That’s all for today’s market update. If you have any questions or are thinking about buying or selling a home in Richardson, feel free to reach out to me at 972-816-5197. Thanks for dropping by!