Dallas Area Residential Sales Report – Condos Richardson, Texas

The Richardson, TX condo market in August 2025 is demonstrating a shift toward a more balanced environment, characterized by increased inventory and a slightly slower pace of sales. The median sales price for condos in Richardson shows some variation depending on the data set, but overall trends suggest a moderation in price appreciation. While some areas might see modest gains, others are experiencing slight decreases, a departure from the rapid value escalation of previous years.

Condominiums are spending more time on the market. The median days on market has seen an increase, indicating that buyers are no longer rushing to make offers, and the intensity of competition has lessened. This extended marketing period gives prospective buyers more time for due diligence and negotiation. This is further evidenced by a slight decline in the average sale-to-list price ratio, and a substantial decrease in the percentage of condos selling above the asking price.

Recap: The Richardson condo market is showing signs of a cooling trend in August 2025. This is reflected in a general moderation of sales prices, an increase in days on market, and a decrease in the sale-to-list price ratio. While the market remains active with healthy transaction volume, the balance of power is shifting from sellers to a more favorable position for buyers.