What happened to the median home valuation in Richardson during January 2021?

Medium realestate4

The median assessed value of a home sold in January 2021 in Richardson fell by $14,280 while total valuation decreased by 34.4%, according to BlockShopper.com.

In January 2021, there were 84 homes sold, with a median home valuation of $234,445 - a 5.7% decrease over the $248,725 median valuation for the same period of the previous year. There were 128 homes sold in Richardson in January 2020.

The following table compares Richardson to other Dallas County cities with similar median home valuations in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median ValuationJan. 2020 Median Valuation% change (Median Valuation)
Coppell3164-51.6%$436,580$329,64532.4%
Addison1213-7.7%$382,930$311,01023.1%
Sunnyvale310-70%$269,000$302,120-11%
Wylie10-$267,020$0-
Lewisville110%$234,690$219,7806.8%
Richardson84128-34.4%$234,445$248,725-5.7%
Carrollton4252-19.2%$233,860$197,17518.6%
Rowlett665911.9%$229,875$222,9603.1%
Sachse1218-33.3%$220,400$212,9403.5%
Farmers Branch2246-52.2%$189,240$192,355-1.6%
DeSoto5365-18.5%$186,310$169,5909.9%

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