Richardson, TX Housing Market Update – March 2026
Reporting Period: Feb 1–Feb 28, 2026 • Data via NTREIS
Richardson is having a quietly strong February — and strong is the right word, even with a modest median price decline in the mix. Sales volume increased year over year, price per square foot held essentially flat, and the close-to-list ratio of 96.6% is one of the most compelling figures in this month's entire report. This is a market that's finding its footing well.
Key Highlights | Richardson Housing Market Update
- Median Sale Price: $437,450 (↓ 3.7% YoY)
- Closed Sales: 67 (↑ 4.7% YoY)
- Active Listings: 231 (↑ 20.3% YoY)
- Months of Inventory: 2.8 (↑ 0.4 months YoY)
- Median Days on Market: 56 (↑ 4 days YoY)
- Median Price per Sq Ft: $210.33 (↑ 0.1% YoY — essentially flat)
- Close-to-Original List Price: 96.6%
PRICES
Richardson's February median of $437,450 — a 3.7% decline from a year ago — sits alongside a price per square foot of $210.33 that is essentially unchanged (+0.1%) year over year. That combination is the interpretive key: the median is moving with transaction mix, not with underlying value. The price distribution shows a market evenly split between the $300–$399k and $400–$499k bands at 27.3% each, with the $500–$749k segment adding another 27.3%. When closings span that range in roughly equal thirds, the median will shift month to month based on which tier had slightly more activity — and a 3.7% decline is well within the range of normal compositional variability. The stable per-square-foot reading tells the more reliable story: Richardson's per-unit value held firm.
SALES ACTIVITY
Sixty-seven closed sales — up 4.7% from 64 in February 2025 — makes Richardson one of the few markets in this month's report to post a year-over-year volume gain. That's a meaningful positive in an environment where most DFW suburbs are seeing buyer engagement soften. Homes averaged 56 days on market, up just 4 days from last February — the smallest DOM increase in this month's report among the full-market communities. Total transaction time came in at 83 days, up 8 days year over year. Days to close fell to 27, down 4 days — confirming that Richardson's under-contract transactions are moving efficiently to close.
INVENTORY
Active listings grew 20.3% to 231 — the largest percentage increase in supply among the full-market cities in this report. That's worth noting, even though the absolute level of 231 listings and 2.8 months of inventory still places Richardson in seller-leaning balanced territory. The inventory expansion gives buyers more to evaluate than they've had in several years, and it's consistent with the broader Collin/Dallas County corridor trend. Notably, Richardson's months of supply (2.8) remains tighter than most of its peers despite the supply growth, because sales volume has kept pace with new listings coming to market.
MARKET BALANCE
The close-to-list ratio of 96.6% is the headline figure that sellers should focus on — essentially unchanged from 96.5% in 2019, and the highest among all full-market communities in this month's report. Despite growing inventory, longer days on market, and a modest median decline, Richardson sellers are holding almost all of their asking price. That level of pricing discipline — and buyer acceptance of it — reflects a community with genuine demand depth and a value proposition that buyers continue to validate at the negotiating table.
What Sellers Need to Know
- The close-to-list ratio of 96.6% is the strongest reading among all full-market communities in this report — sellers here are getting very close to asking price consistently.
- Sales volume increased year over year — buyer demand in Richardson is holding up better than in most comparable DFW suburbs.
- Active listings grew 20.3% — more competition than a year ago, but the market is absorbing that supply without a meaningful close-to-list deterioration.
- The 4-day DOM increase is the smallest in the report for full-market communities — Richardson homes are still moving at a relatively efficient pace.
What Buyers Need to Know
- 231 active listings is more selection than Richardson has offered in years — take your time to compare, but don't assume prices will continue to soften while you wait.
- The 96.6% close-to-list ratio is the clearest signal in the data: Richardson sellers are not capitulating. Come with a well-researched, realistic offer rather than testing for sharp discounts.
- Price per square foot held flat at $210.33 — the median decline is a mix-shift story, not a value decline. Don't interpret it as evidence that Richardson homes are worth measurably less than they were.
- The median year built of 1976 means you're buying into established neighborhoods with mature trees and character — but also HVAC, plumbing, and foundation due diligence is particularly important in this age bracket.
2026 Richardson Housing Market Forecast
Richardson's February profile is among the most encouraging in this month's report — rising sales, stable per-square-foot pricing, and a close-to-list ratio that would be the envy of most DFW suburbs. If that combination holds into spring, Richardson is positioned to be one of the more resilient performers in the eastern corridor through mid-2026.
The 20.3% inventory increase is worth monitoring — if active listings continue to grow while sales volume holds steady, months of supply will creep toward 3.5–4.0 and buyer leverage will gradually build. For now, the market is absorbing new supply without a meaningful change in pricing dynamics.
Richardson's proximity to the Telecom Corridor employment hub, its location between Plano and Dallas, and its well-regarded school district continue to anchor demand from a diverse buyer demographic — corporate relocations, first-time buyers upgrading from apartments, and move-up families from inner Dallas neighborhoods. Those demand drivers are durable and don't fluctuate as sharply with interest rates as purely lifestyle-driven markets do.
Thinking about buying or selling in Richardson? The Dunnican Team covers the Collin and Dallas County markets and can help you move with clarity and confidence. Reach out today.
Source: NTREIS MLS (Feb 1–Feb 28, 2026) with February 2025 comparison metrics from the Texas REALTORS® Data Relevance Project, in partnership with the Real Estate Center at Texas A&M University.
