Highland Terrace Homes for Sale
Highland Terrace is an established Richardson neighborhood made up of several phases and subdivisions with similar home styles, build periods, and price ranges.
Highland Terrace Market Snapshot
Updated monthly using NTREIS MLS data.
Trends compare the latest month to the prior month and prior year.
Market data reflects combined activity from Highland Estates, Richardson Terrace, and nearby similar subdivisions to provide a more reliable monthly snapshot.
Market data includes Highland Terrace, Richardson Terrace, and Woodhaven.
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Updated monthly using NTREIS MLS market data. Metrics reflect recent activity in Highland Terrace.
About Highland Terrace
Highland Terrace is an established neighborhood in Richardson, TX, originally developed beginning in 1952 and known for its mature trees, mid-century home styles, and central location. The area features a mix of traditional and ranch-style homes, many of which have been updated or expanded over time while maintaining the neighborhood’s original character. Highland Terrace also includes nearby subdivisions such as Highland Estates, Richardson Terrace, Woodhaven, and Richland Valley, which share similar home sizes, build periods, and overall market characteristics.
Because homes across these neighborhoods are comparable in age, layout, and price range, market trends tend to move together, making a combined analysis more reliable than evaluating smaller subdivisions individually. Buyer demand in Highland Terrace is often driven by its established setting, accessibility to major roads, and proximity to employment centers in Richardson, Plano, and North Dallas.
Market performance can vary depending on condition, updates, and pricing strategy, with well-prepared homes typically attracting stronger interest, while others may require more time or adjustments depending on current market conditions.
Living in Highland Terrace
Living in Highland Terrace offers the appeal of a long-established Richardson neighborhood with a strong sense of identity and stability. The area is known for quiet residential streets, mature landscaping, and homes built during a time when neighborhoods emphasized functionality, lot size, and neighborhood cohesion. Many homes have been renovated or modernized, while others retain their original mid-century character, giving buyers a range of options depending on preferences and price point.
Highland Terrace, along with nearby subdivisions such as Highland Estates, Richardson Terrace, Woodhaven, and Richland Valley, attracts homeowners looking for a central location with convenient access to everyday amenities and major commuting routes. Residents benefit from proximity to U.S. 75, President George Bush Turnpike, and nearby business corridors in Richardson, Plano, and North Dallas.
Because the surrounding neighborhoods share similar housing characteristics, the market often moves together across the area. Updated homes that are priced appropriately tend to see the strongest activity, while others may require more time or pricing adjustments depending on inventory levels and buyer demand.
Highland Terrace at a Glance
Housing Snapshot
- Average Home Size: 1,747 sq ft
- Average Year Built: 1976
- Number of Homes: 1,884
- Primary Architectural Syles: Traditional, Ranch, Contemporary
- Most expensive home sold: $700,000 sold 7/2024
- Owner Occupied: 69%
Demographics Snapshot
- Population: 5,088 (approx)
- Median Household Income: $96,610
- Median Resident Age: 37 yrs
- College Educated (at least a Bachelor’s): 42%
- Neighborhood Established: 1952
Nearby Highland Terrace Neighborhoods
What Today's Market Means in Highland Terrace
Monthly Update
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Selling a Home in Highland Terrace
Selling a home in Highland Terrace requires understanding current inventory levels, buyer demand, and recent comparable sales. While well-priced homes continue to attract strong interest, changing market conditions mean that accurate pricing and property condition play a larger role than in previous years. Reviewing recent NTREIS MLS sales, current listings, and buyer activity provides a clearer picture of the market than relying on automated estimates alone.
More Homes for Sale Near Highland Terrace
Explore more homes for sale near Highland Terrace, including nearby neighborhoods, popular Richardson area, and surrounding cities. These communities offer a range of home styles, price points, and lifestyles, making it easy to find the right fit for your needs.