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Featured local agent — Richwood, TX
Sarah Mitchell
Compass Real Estate · Richwood, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richwood, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$282,000median sale price
How is the Richwood, TX housing market right now?
The median home sale price in Richwood, TX is $282,000, down 11.9% year-over-year. Homes sell in an average of 4 days with 20 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richwood a buyer's or seller's market?
Richwood, TX is currently a balanced market, based on 6.7 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
4
Fast-moving
Active listings
20
6.7 months supply
Sale-to-list
98.5%
Below asking
What does the Richwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $282,000 |
| Median list price | $265,000 |
| Year-over-year price change | -11.9% |
| Average days on market | 4 days |
| Active inventory | 20 listings |
| Months of supply | 6.7 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $164/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 3 |
| Listings with a price cut | 35.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Richwood by property type?
How the Richwood, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $282,000 | $164/sq ft | 3 | 4 days |
Source: Redfin · Updated monthly
The Richwood housing market is currently classified as a balanced market with a median sale price of $282,000. Prices have fallen 11.9% compared to last year, with homes spending an average of 4 days on market, indicating 6.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Richwood
There are currently 20 homes listed for sale in Richwood, Texas. The median listing price is $265K.
Active listings
20
Homes on market
Median list price
$265K
Avg. days on market
4
Days until sale
New this week
3
Newly listed
Who lives in Richwood?
Population
4,766
Median income
$80,250/yr
Median age
32.7 years
Owner-occupied
59.3%
College grads
23.7%
Avg commute
23.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Richwood?
Zillow home value
$273,108
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Richwood?
Richwood is a community of approximately 5K residents with a median age of 32.7 years.The median household income is $80,250, which reflects a relatively affluent area with strong earning potential. 23.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.3%, showing a blend of owner and renter-occupied properties. The average commute time is 23.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richwood?
1 schools tracked · 403 students
The largest public schools serving Richwood, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
GLADYS POLK EL
Grades PK-4 · 403 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richwood, TX?
Want a head-to-head view? Compare Richwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richwood?
The median home sale price in Richwood is $282,000, down 11.9% from last year.
How long do homes stay on market in Richwood?
Homes typically spend 4 days on market before going under contract.
What is the median income in Richwood?
The median household income is $80,250 per year.
Is Richwood a buyer's or seller's market?
With 6.7 months of supply, Richwood is currently a balanced market.
What is the Zillow home value estimate for Richwood?
The Zillow Home Value Index (ZHVI) for Richwood is $273,108, representing the typical home value in the area.
How much does a single-family home cost in Richwood?
The median single-family home price in Richwood, TX is $282,000 (about $164 per square foot).
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