Richmond, TX

Buyer's market+13.2% YoY

Housing market overview · Updated weekly

$355,000median sale price

Homes sold

7

Last 12 weeks

Days on market

129

Average pace

Active listings

39

5.6 months supply

Sale-to-list

91.7%

Below asking

The Richmond housing market is currently classified as a buyer's market with a median sale price of $355,000. Prices have risen 13.2% compared to last year, with homes spending an average of 129 days on market, indicating 5.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Richmond

There are currently 39 homes listed for sale in Richmond, Texas. The median listing price is $325K.

Active listings

39

Homes on market

Median list price

$325K

Avg. days on market

129

Days until sale

New this week

19

Newly listed

Price drops:25.6%of listings
Sale-to-list:91.7%

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Frequently asked questions

What is the average home price in Richmond?

The median home sale price in Richmond is $355,000, up 13.2% from last year.

How long do homes stay on market in Richmond?

Homes typically spend 129 days on market before going under contract.

Is Richmond a buyer's or seller's market?

With 5.6 months of supply, Richmond is currently a buyer's market.

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