Why Live in Richardson
Richardson's cultural scene centers around the Eisemann Center for Performing Arts, which hosts the Richardson Symphony Orchestra alongside Broadway shows and concerts. The city's 40 miles of trails connect natural spaces like the Spring Creek Nature Area and Breckinridge Park, where residents enjoy hiking, bird watching, and lakeside picnics. The semi-annual Cottonwood Art Festival transforms Cottonwood Park into an outdoor gallery, while the Wildflower! Arts & Music Festival brings live performances to Galatyn Urban Park each spring.
The housing market in Richardson spans multiple price points across distinct neighborhoods. The median sale price for homes sits at $407,000. Canyon Creek features larger single family homes with a median price of $700,000, while Duck Creek provides more affordable options at a median of $439,500. Condos start at a median of $195,000 for one bedroom units and $218,500 for two bedrooms. Townhomes have a median price of $351,500.
Richardson maintains strong public schools, with Plano East Senior High School and six other institutions rated A or above by Niche. The University of Texas at Dallas adds to the educational landscape. The Dallas Area Rapid Transit system serves Richardson with four Red Line stations: Spring Valley, Arapaho Center, Galatyn Park, and CityLine/Bush. Property taxes in Dallas County stand at 1.68%, matching neighboring Dallas and Garland, while Texas residents pay no state income tax. The combined sales tax rate is 8.20%.
The dining scene reflects Richardson's diversity, from steakhouse fare at Jasper's to dim sum at Kirin Court and Ethiopian cuisine at Addis Abeba Restaurant. CityLine DFW has emerged as a popular mixed-use development, complementing established shopping areas along Belt Line Road.
Home Trends in Richardson, TX
On average, homes in Richardson, TX sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Richardson, TX over the last 12 months is $400,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$400,000
Median Single Family Sale Price
$455,000
Median Townhouse Sale Price
$346,500
Median 2 Bedroom Sale Price
$215,000
Median 1 Bedroom Sale Price
$195,000
Average Price Per Sq Ft
$235
Number of Homes for Sale
303
Last 12 months Home Sales
983
Median List Price
$449,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%