Richardson home prices rise to $476,500 as sales edge up 3.7%

A Richardson household shopping for the median-priced home in March faced a bill that was nearly $47,000 higher than a year earlier, a sharp increase that keeps pressure on first-time buyers, renters trying to move up and longtime owners weighing whether they can stay in the city.

Richardson’s median home price reached $476,500 in March 2026, up from $429,500 in March 2025. Homes sold also edged higher, with 97 closings in March, a 3.7% increase year over year. The market did not stall, but the gains came with a cost: the typical home is now far more expensive than it was just 12 months ago.

That matters in practical terms. A buyer who could stretch to the market’s median price a year ago would need to find almost $47,000 more today to buy the same kind of home in Richardson. For families trying to trade up from a starter house, that gap can mean a bigger down payment, a longer search or settling for less space. For renters hoping to buy in the city, it can push ownership further out of reach.

The monthly numbers also show a market moving unevenly rather than in a straight line. Richardson recorded 58 home sales in January 2026, with a median price of $448,500, down from $459,000 in January 2025. In February, home prices were around $440,000 and 65 homes sold, with homes taking 54 days on average to go under contract. By March, both price and sales had strengthened.

A year earlier, March 2025 brought 88 sales, a median price of $431,000 and 128 homes listed on the market. Homes also spent nine more days on the market than they had in March 2024, a sign that the pace was already shifting even before this spring’s price jump.

MetroTex Association of Realtors says its housing statistics are built from Texas A&M Real Estate Research Center data drawn from listing information across more than 50 MLS systems in Texas, with most non-Houston market figures released near the 20th calendar day after month-end. That makes the Richardson data part of a broader regional snapshot, not an isolated estimate.

Statewide trends help explain why prices in core North Texas cities remain resilient. Texas REALTORS® said first-time buyers made up just 21% of Texas homebuyers in 2025, near the all-time low, and the median age of a Texas homebuyer was 58, tied with the record high set in 2024. Buyers are also more likely than ever to pay in cash. In a city like Richardson, where schools, access to jobs and established neighborhoods remain major draws, that mix can keep demand steady even as affordability worsens.

Zillow’s separate estimate puts the average home value in Richardson at $440,400, down 2.4% over the past year, with homes going pending in about 24 days. Taken together, the figures show a market that is still active, but one where the cost of staying in Richardson is rising faster than many families can absorb.