Is Richmond, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Richmond has remained a Seller's Market.

Key Takeaway

Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Richmond, TX cost?

Median Sold Price

$249,750

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$47,250(+23.3%)

Key Takeaway

Homes in Richmond have sold for 23.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $30K-
N/A
2 $72K$157.5K
+118.8%
3 $186K$210K
+12.9%
4 $248.7K$305K
+22.6%
5+ $290K$389.8K
+34.4%

Median Sold Price Compared To Nearby Cities

Richmond
+23.3%
Fulshear-Simonton
+17.7%
Rosenberg-Richmond
+14.8%
Sugar Land
+11.9%
Rosenberg
+10.9%

How many homes are available in Richmond, TX?

Number of Homes For Sale

Nov 2021Dec 2021%
1816-11.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 21
-50.0%
3 66
0.0%
4 98
-11.1%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
46+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
86 Days33 Days-61.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richmond are selling fast, if you're buying plan to act quickly.

About Richmond, TX

Homes for sale in Richmond, TX have reached 16. Between November 2021 and December 2021, Richmond, TX real estate market has seen decrease in the number of listings by 11.1%. In December 2021 median list price was $249,750 and the average listing age was 33 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 118.8%, prices of 3 bedrooms properties went up by 12.9%, 4 bedrooms properties prices increased by 22.6%, prices of 5 bedrooms properties went up by 34.4%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 50%, 3 bedrooms homes did not move, number of 4 bedrooms homes decreased by 11.1%, 5 bedrooms homes did not move. In December 2021 more than 1 listings in Richmond, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 2 were sold below.

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