How fast are homes going under contract in Richmond?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
In the 30 days to September 30, 2026, 443 homes were newly listed in Richmond, 201 went under contract and 187 closed. In the last 7 days the counts were 79 new listings, 34 contracts and 38 closings. That is fewer homes going under contract than coming on the market: 0.45 contracts for every new listing over the month.
New listings, contracts and closings
Over the last 30 days in Richmond: 443 new listings, 201 homes under contract and 187 closed sales. Over the last 7 days: 79 new, 34 under contract and 38 closed. Contracts per new listing over 30 days: 0.45.
How to read it
New listings against contracts is a quick read on whether supply is building or being absorbed. It moves week to week and by price band, so treat it as a snapshot, not a trend. Numbers like these describe the whole of Richmond, not one street or one home, and real estate decisions are rarely a straight line. If you are thinking about timing your move, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| New listings, last 30 days | 443 |
| Went under contract, last 30 days | 201 |
| Closed sales, last 30 days | 187 |
| New listings, last 7 days | 79 |
| Went under contract, last 7 days | 34 |
| Closed sales, last 7 days | 38 |
| Contracts per new listing, 30 days | 0.45 |
Common follow-up questions
What does under contract mean?
The seller has accepted an offer and the sale has not closed yet.
Why do the 7-day and 30-day numbers differ so much?
They cover different windows; a week can be unusually busy or slow, so the 30-day view is steadier.
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.