What is the price per square foot for homes in Richmond?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
Homes that sold in Richmond in the last six months went for a median of $172 per square foot. Over the last 12 months the monthly figure ran from $161 to $170, and August was $161 against $173 in the same month a year earlier.
Price per square foot
Price per square foot divides the sale price by living area, which lets you compare homes of different sizes. In Richmond it was $172 at the median for the last six months. On price per square foot, Richmond is among the higher (ranked 8 of 39 communities with enough sales to compare). Monthly figures ranged from $161 to $170.
How to compare a home
Price per square foot is a comparison tool, not a price. Lot, condition, finishes, floor plan and location move it more than any single average, so compare a home with the closest recent sales and ask what is different. Every buyer and seller in Richmond is weighing a different set of trade-offs, and waiting to decide is often the costliest choice. For comparing a specific home in Richmond, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| Median price per square foot, last 6 months | $172 |
| Lowest monthly figure, last 12 months | $161 |
| Highest monthly figure, last 12 months | $170 |
| Latest full month (August) | $161 |
| Same month a year earlier | $173 |
Common follow-up questions
Is a lower price per square foot always a better deal?
No. Two homes with the same figure can differ a lot in condition, lot and location.
Which square footage is used?
The living area reported on the listing; it can differ from the area a home is measured at.
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.