Dallas Area Residential Sales Report – Richardson Condos and Town Homes

Hello, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’ll be providing a market update for buyers and sellers of condos and town homes in Richardson, Texas as of December 2024.

Let’s start with the Months Supply of Inventory. Currently, there are 5.61 months of inventory available in the Richardson market. Over the last 12 months, we have seen a significant increase of 196.83% in the Months Supply of Inventory.

The List to Sold Price percentage in Richardson is currently at 94.7%, indicating that sellers are receiving close to their asking price.

The median days on market in Richardson is 25 days, which means that properties are selling relatively quickly in this market.

The median sold price in Richardson is $427,500, giving buyers and sellers an idea of the current market value of properties in the area.

In conclusion, the Richardson market is showing a healthy level of inventory with properties selling at a high percentage of their asking price and relatively quickly. Buyers and sellers should keep these factors in mind when making decisions in the current market.

Thank you for stopping by this market update. If you have any questions or are interested in buying or selling in Richardson, feel free to reach out to me. Have a great day!