What kind of homes can you buy in Richmond at different price points?
Built from Allen Markel's own listing data · Texas Premier Realty ·
Short answer
In Richmond, homes for sale in the Under $250K band have a median size of 1,411 square feet and are 21 years old at the median, while homes in the $1M+ band run 5,222 square feet at 13 years. Each price band tells a different story about size and age.
Size, bedrooms and age by price band
In the Under $250K band there are 41 homes with a median of 1,411 square feet, 3 bedrooms and 2 baths, built about 21 years ago, listed on average 95 cumulative days. In the $250K to $500K band there are 913 homes with a median of 2,349 square feet, 4 bedrooms and 2 baths, built about 7 years ago, listed on average 104 cumulative days. In the $500K to $1M band there are 484 homes with a median of 3,446 square feet, 4 bedrooms and 3 baths, built about 3 years ago, listed on average 98 cumulative days. In the $1M+ band there are 82 homes with a median of 5,222 square feet, 5 bedrooms and 5 baths, built about 13 years ago, listed on average 97 cumulative days.
Reading the bands
Size, age and price together shape what a budget buys. Newer homes usually cost more per square foot and older homes can carry repair or update decisions, so the right band depends on what you want to own and maintain. 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. When you are ready to look at what your budget can buy for a specific address or plan, talk to us to find the right option for your circumstances.
| Measure | Value |
|---|---|
| Under $250K: homes / median size / bedrooms / baths / age | 41 / 1,411 sq ft / 3 / 2 / 21 years |
| $250K to $500K: homes / median size / bedrooms / baths / age | 913 / 2,349 sq ft / 4 / 2 / 7 years |
| $500K to $1M: homes / median size / bedrooms / baths / age | 484 / 3,446 sq ft / 4 / 3 / 3 years |
| $1M+: homes / median size / bedrooms / baths / age | 82 / 5,222 sq ft / 5 / 5 / 13 years |
Common follow-up questions
Are these figures for homes that sold?
No. They describe the homes for sale now, by list price band.
How is the age of a home measured?
From the year built on each listing; the table shows the median for the homes in each band.
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.