Housing Report Richardson offers a variety of housing options for young professionals, corporate executives and families in both new and well-established residential areas. Housing Statistics Market trends indicate an increase of $11, or 5% in the average price per square foot over the past six months.The average sales price is up to $452,000 from $425,000 six months ago.The average time on market for properties is 17 days.More information here. Data provided by Ebby Halliday. Home Improvement Program We provide a unique, innovative city property tax rebate as an economic incentive to homeowners who reinvest in their homes ($20,000 minimum). Homeowners Associations We have more than 60 neighborhood and homeowner associations actively working to maintain and improve our residential areas. Association presidents meet with city council and staff each month to discuss issues impacting neighborhoods and to relate important city information.