$2,886 Closing Credit*
$243,000
1,269 SqFt
3 Beds
•2 Full Baths
Anyiesa Johnson, Listing Office: Opendoor Brokerage, LLC
Is Richmond, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richmond was a Seller's Market.
Key Takeaway
Richmond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richmond, TX
How much do homes in Richmond, TX cost?
Median Sold Price
$384,808
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,441(-2.6%)
Key Takeaway
Homes in Richmond have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Richmond was $384,808 in November 2024, down 2.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $313K | $320K | +2.2% |
| 3 Bedrooms | $318.1K | $319.2K | 0.3% |
| 4 Bedrooms | $429.3K | $419.8K | -2.2% |
| 5+ Bedrooms | $574.7K | $597.7K | +4.0% |
Summary: Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Fulshear-Simonton | $464.6K | $480.3K | +3.4% |
| Sugar Land | $433.5K | $439.1K | +1.3% |
| Rosenberg-Richmond | $360.5K | $359K | -0.4% |
| Rosenberg | $319.9K | $316.4K | -1.1% |
| Richmond | $395.2K | $384.8K | -2.6% |
Housing Supply in Richmond, TX
How many homes are available in Richmond, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 857 | 932 | +8.8% |
Summary: The Richmond real estate market had 932 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 228 | 258 | +13.2% |
| 4 Bedrooms | 470 | 492 | +4.7% |
| 5+ Bedrooms | 136 | 153 | +12.5% |
Summary: The Richmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 168 | 116 | -31.0% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Richmond in November 2024, down by 31.0% month-over-month. Of the 116 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for Richmond, TX
How long does it take to sell a home in Richmond, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 40 Days | -2.5% |
Summary: Homes in Richmond had an average of 40 days on market in Nov 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 116 homes were sold in Richmond; 47% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.