Richmond, TX Real Estate & Homes for Sale

Richmond, TX Housing Market Trends

The Richmond housing market is somewhat competitive, with homes receiving an average of two offers and selling in about 35 days. The median sale price rose to $390K last month, up 23.2% from last year, while the median price per square foot increased 8.2% to $171. These trends indicate strong price growth and steady demand, even with moderate competition in the market.

$390,000

Median Sale Price

$171

Median Sale Price per Sq. Ft.

17

Total Homes Sold

35

Median Days on Market

Market Overview

In June 2025, Richmond home prices rose 23.2% year-over-year, reaching a median sale price of $390K, reflecting strong price appreciation and growing demand. Homes are selling faster, averaging 35 days on the market compared to 41 days last year, indicating increased buyer activity. Sales volume also improved, with 17 homes sold this June compared to 10 last year, further signaling a more active and competitive market.
Market Competitiveness

Richmond is somewhat competitive, with homes typically selling in about 44 days and averaging around 4% below list price, giving buyers some negotiating room. However, desirable properties can attract multiple offers, selling closer to list price and going pending in as little as 10 days, reflecting stronger demand for well-priced, move-in-ready homes.
More Insights

Richmond, TX is a buyer's market in June 2025, meaning there are more homes available than there are buyers actively looking. This gives buyers a significant advantage, with more inventory to choose from and greater negotiating power on price and terms. Homes are spending more time on the market, allowing buyers to carefully compare options and make strategic offers. Sellers, however, may need to price competitively or offer concessions to attract buyers in this slower-paced market.

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Richmond, TX Guide

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