Richardson Home Prices Drop $24,800 Year Over Year in August

September 22, 2026 - 21:09

The median home price in Richardson settled at $460,000 in August, marking a decline of $24,800 compared to the same month last year. The data comes from the MetroTex Association of Realtors, which tracks housing activity across the region.

A total of 94 homes changed hands during the month. The drop in median price suggests the market is adjusting after a period of sustained increases. Buyers who had been priced out during the peak may find more room to negotiate, while sellers need to recalibrate expectations.

The decline does not necessarily signal a broad collapse. Median prices reflect the mix of homes sold in a given month, so a shift toward smaller or less expensive properties can pull the figure down even when individual home values hold steady. Still, the year over year comparison points to cooling demand or a market finding a new balance.

For now, Richardson remains a desirable suburb with strong schools and proximity to major employers. Whether the August dip becomes a trend or a one month blip will depend on inventory, interest rates, and how buyers respond in the coming months.