How does Richmond rank among Houston-area communities on price, supply and pace?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
Among 39 Houston-area communities with enough sales to compare, Richmond ranks 7 of 39 on median sale price, last 6 months; 8 of 39 on median price per square foot, last 6 months; 11 of 39 on months of inventory. A rank of 1 means the highest value in the group, which does not mean better. The table shows every measure.
Rank on each measure
How Richmond ranks among communities with at least 60 closed sales in the last 12 months: Median sale price, last 6 months: $375,500 (ranked 7 of 39, 1 = highest); Median price per square foot, last 6 months: $172 (ranked 8 of 39, 1 = highest); Months of inventory: 5.9 (ranked 11 of 39, 1 = highest); Average cumulative days listed, active homes: 102 (ranked 17 of 39, 1 = highest); Active homes with a price cut: 52% (ranked 8 of 39, 1 = highest); Closed sales, last 12 months: 2,910 (ranked 6 of 39, 1 = highest).
What a rank means
A rank compares a community with the others in the group; it says nothing about whether a particular home is a fit. Communities at either end of a measure are not better or worse, only different, and the right one depends on your budget, timeline and what you want to own. Every buyer and seller in Richmond is weighing a different set of trade-offs, and waiting to decide is often the costliest choice. If you are thinking about weighing communities, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| Median sale price, last 6 months | $375,500 (ranked 7 of 39, 1 = highest) |
| Median price per square foot, last 6 months | $172 (ranked 8 of 39, 1 = highest) |
| Months of inventory | 5.9 (ranked 11 of 39, 1 = highest) |
| Average cumulative days listed, active homes | 102 (ranked 17 of 39, 1 = highest) |
| Active homes with a price cut | 52% (ranked 8 of 39, 1 = highest) |
| Closed sales, last 12 months | 2,910 (ranked 6 of 39, 1 = highest) |
Common follow-up questions
Which communities are in the comparison?
Cities on this site with at least 60 closed sales in the last 12 months and a median sale price on their community page.
Does a rank of 1 mean better?
No. It means the highest value on that measure, whether that is good or bad depends on what you are looking for.
Sources
Talk it through with Allen
A short call can turn a general answer into one for your address, your timeline and your numbers.
Related questions
What is the median home price in Richmond?
Homes that sold in Richmond over the last six months had a median sale price of $375,500, about $172 per square foot, on 1,572 closed sales.
Read answerAre home prices in Richmond going up or down?
For Richmond, the answer is mostly lower. In 0 of the last 12 months the median sale price was above the same month a year earlier, and in 12 it was below.
Read answerHow many homes are for sale in Richmond and in which price bands?
Richmond has 1,496 homes for sale right now, which is about 5.9 months of supply at the recent pace of sales.
Read answerHow long does it take to sell a home in Richmond?
In Richmond, homes that sold in the last 12 months averaged between 77 and 103 cumulative days on the market, depending on the month, and the 1,520 homes for sale now have been listed for an average…
Read answerIs Richmond a buyer's market or a seller's market?
By months of inventory, Richmond is a balanced market right now: 5.9 months of supply, with 1,496 homes for sale against 1,572 sales in the last six months.
Read answerHow many homes sell in Richmond each month?
About 2,910 homes closed in Richmond in the 12 months to August 2026, an average of 242 a month, with 296 in June the busiest month and 155 in January the quietest.
Read answer
Answers describe transactions and public data. They are not legal, tax or financial advice.