Dallas Area Residential Sales Report – Richardson, Texas

The single-family home real estate market in Richardson, TX, during August 2025 displayed a nuanced and evolving condition, showing a definitive shift from a seller’s market to a more balanced environment, and in some segments, a buyer’s market. A key trend is the softening of home values, with the average home value down by 4.1% over the past year. Similarly, the median sale price for the overall Richardson market experienced a year-over-year decrease of 3.2% to $450,000, while the median listing price also saw a notable decline of 7.1%. This suggests that while there is still demand, buyers are no longer willing to pay the premium prices seen in previous years.

The pace of sales has also slowed. The median days on market increased to 30 days in July, up from 24 days a year ago, with August showing similar trends. This extended timeframe on the market gives buyers more time for due diligence and negotiation. This is further reflected in the sale-to-list price ratio, which dropped to 96%, indicating that homes are selling for slightly less than their asking price on average. A large portion of homes, over 40%, experienced price drops, and a significant majority sold for under the list price.

Recap: The Richardson single-family real estate market in August 2025 is no longer defined by aggressive bidding wars and rapid price appreciation. While it remains a desirable location, the market has transitioned to a more balanced state with a decrease in home values and an increase in the time properties spend on the market. This change in conditions provides buyers with more negotiation power and a greater selection of homes, while sellers must be more strategic with their pricing to attract offers.