How long does it take to sell a home in Richmond?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
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 of 102 cumulative days. Timing is mostly pricing: how long a home takes depends on its condition, price band and how it is priced against recent sales.
Days on the market
We track cumulative days on the market, which keeps counting when a home is relisted, because the portal number resets. For homes that sold in Richmond, the monthly average ran from 77 to 103 days across the 12 months to August 2026. Among the 1,520 active homes, the ladder is: 488 at 0 to 30 days, 224 at 31 to 60 days, 175 at 61 to 90 days, 626 at 90+ days. The average active home has been listed 102 cumulative days (53 days by the resetting count).
Price cuts and timing
About 52% of active homes here have had at least one price cut, which is a sign of how often the first price needed adjusting. For a seller, the first 30 days are usually the most valuable, and waiting to adjust a price is often the slowest route. For a buyer, a home that has been listed a long time is a different negotiation from one that is new. Numbers like these describe the whole of Richmond, not one street or one home, and real estate decisions are rarely a straight line. When you are ready to look at pricing or timing for a specific address or plan, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| Active homes | 1,520 |
| Listed 0 to 30 days | 488 |
| Listed 31 to 60 days | 224 |
| Listed 61 to 90 days | 175 |
| Listed 90+ days | 626 |
| Average cumulative days listed (active homes) | 102 |
| Average days listed, resetting count | 53 |
| Active homes with a price cut | 52% |
| Sold homes: lowest / highest monthly average cumulative days | 77 / 103 |
Common follow-up questions
What is cumulative days on market?
It adds up all the days a home has been for sale, even if it was taken off and relisted, so it shows how long the home has really been available.
Is a long time on the market a bad sign?
Not always, but it does mean the market has not accepted the first price, and the seller's next step usually involves price.
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 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 answerWhat is the price per square foot for homes in Richmond?
Homes that sold in Richmond in the last six months went for a median of $172 per square foot.
Read answer
Answers describe transactions and public data. They are not legal, tax or financial advice.