What is the median home price in Richmond?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
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. Over the 12 months to August 2026, the monthly median ran from $360,000 in January to $395,000 in December. A median is the middle sale, so half of the homes sold for more and half for less.
What the median sale price is
The headline figure is the median sale price of the 1,572 homes that closed in Richmond in the last six months: $375,500. The 12 monthly medians to August 2026 ranged from $360,000 to $395,000, and the most recent full month (August) came in at $370,500. On median sale price, Richmond is among the higher-priced (ranked 7 of 39 communities with enough sales to compare). The median moves with the mix of homes that happen to close in a month, so one month says less than the six-month view.
How to use it
Homes for sale now are spread across price bands, with the largest group in the $300K to $500K range (787 of 1,520 active listings). A buyer comparing a listing with the median should compare against its own band and size, and a seller should price against the newest closings nearby, not the citywide middle. A Richmond average is a starting point, not a verdict on any one property, and the right move depends on your timeline, finances and the home itself. If you are thinking about a price for a home in this market, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| Median sale price, last 6 months | $375,500 |
| Closed sales, last 6 months | 1,572 |
| Median price per square foot, last 6 months | $172 |
| Lowest monthly median (January) | $360,000 |
| Highest monthly median (December) | $395,000 |
| Latest full month (August) | $370,500 |
Common follow-up questions
Is the median the same as the average price in Richmond?
No. The median is the middle sale: half of homes sold for more and half for less. It is less affected by a few very high or very low sales.
How often does this change?
The figures are refreshed from our listing data as sales close, so the number on the community page can move from week to week.
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
Are 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 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.