Home Values

Richardson Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$213,600

  • 14.5% 1-year change
  • 5.6% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Richardson is $213,600. Richardson home values have gone up 14.5% over the past year and Zillow predicts they will rise 5.6% within the next year. The median list price per square foot in Richardson is None. The median rent price in Richardson is $1,475, which is higher than the Dallas-Fort Worth Metro median of $1,350.

Foreclosures will be a factor impacting home values in the next several years. In Richardson 1.4 homes are foreclosed (per 10,000). This is lower than the Dallas-Fort Worth Metro value of 3.9 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richardson is 1.9%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richardson homeowners underwater on their mortgage is 4.7%, which is lower than Dallas-Fort Worth Metro at 8.6%.

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Relative ZHVI
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Richardson Market Overview

Data through Apr 30, 2015
  • $213,600 ZHVI
  • 5.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $221,044 Median sale price
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Richardson Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 4.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 1.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.4 homes Richardson
3.9 homes Dallas-Fort Worth Metro
3.9 homes United States
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Neighborhoods in Richardson

Name Median ZHVI
Canyon Creek $253,400
Owens Park $192,600
Duck Creek $171,800
Name Median ZHVI
Yale Park $160,800
Northrich $147,300
Highland Terrace $144,300
Name Median ZHVI
Mark Twain $124,200
 
 

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $110 Median sale price / sq ft
  • No data Listings with price cut
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Richardson Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,753 Richardson
    $1,465 Dallas-Fort Worth Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,475 Rent list price
  • No data Rent list price / sq ft
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