Dallas Area Residential Sales Report – Richardson Neighborhood – Canyon Creek

Navigating the Canyon Creek Real Estate Market: A Guide for Simultaneous Buyers and Sellers

As we step into October 2025, the real estate market in Canyon Creek, Richardson, TX, presents a unique landscape for those simultaneously buying and selling property. Known for its vibrant community and proximity to attractions like the Canyon Creek Country Club and the University of Texas at Dallas, this area offers both sellers and buyers an exciting market with dynamic opportunities.

#### Understanding the Current Market Landscape

Inventory & Supply:
Canyon Creek currently has a 2.67-month supply of inventory, indicating a balanced market that slightly favors sellers. Over the past year, inventory has increased by 31%, although there’s been a recent 4% decline in the last month. This fluctuation can affect both your selling and buying strategies.

New & Active Listings:
There are 9 new listings with a median list price of $800,000 and 22 active listings with a median list price of $829,000. This suggests that while new properties are entering the market, they are priced competitively, reflecting the region’s premium appeal.

Pending Listings:
With 5 new pending listings at a median list price of $664,900, and a median of 40 days on the market, it’s evident that well-priced homes are moving relatively quickly. Understanding this trend can help you time the listing of your property while also recognizing opportunities to make a strategic purchase.

Sold Listings:
The median sold price stands at $600,000, marking a 13% decrease from the previous month. Homes are selling at 100.72% of the list price, with a median of 28 days on the market, though the days in RPR have increased by 600% month-over-month. This data indicates that while homes may take longer to sell, they are still achieving close to their asking prices, which is a crucial factor for anyone managing both a sale and purchase.

#### Navigating Buying and Selling

For clients navigating both sides of a transaction, it’s essential to consider the timing and coordination of your sale and purchase. The increased inventory and balanced market conditions offer more options for purchasing, but also demand strategic pricing and marketing for selling. The median days on market for pending and sold listings suggest allowing adequate time for both processes, ensuring seamless transitions.

#### Looking Forward

As the Canyon Creek community continues to thrive with its excellent educational institutions, robust local businesses, and easy access to major transportation routes, the real estate market here remains robust. For prospective buyers and sellers, aligning your strategy with these market conditions can optimize outcomes on both fronts.