Richmond Housing Market Report December 2024•Fort Bend County, Texas

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Housing Prices in Richmond, TX

How much do homes in Richmond, TX cost?

Housing Market Conditions

Is Richmond, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Richmond is a Neutral Market

Difference Since December 2023

At the same time last year, Richmond was a Seller's Market.

Insight

Richmond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$384,763$165/SqFt
-$11,577
-2.9%

Based on all homes sold in the last 12 months

Insight

Homes in Richmond have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Richmond was $384,763 in December 2024, down 2.9% from last year, and the median price per square foot was $165.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Fulshear-Simonton
+5.4%
Sugar Land
0.3%
Rosenberg-Richmond
-0.2%
Rosenberg
-1.5%
Richmond
-2.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$315K$320K
+1.6%
3$316.9K$318.5K
0.5%
4$430.8K$416.5K
-3.3%
5$575K$594.4K
+3.4%

Summary: Richmond housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.6%. The home price for 3 bedroom homes increased by 0.5%. The home price for 4 bedroom homes decreased by -3.3%. The home price for 5 bedroom homes increased by +3.4%.

Housing supply in Richmond, TX

How many homes are available in Richmond, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
875Last MonthDec 2024
8092 months agoNov 2024
+8.2 %
Change MoMNov – Dec

Summary: The Richmond real estate market had 875 homes for sale in Dec 2024, a 8.2 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
144Last MonthDec 2024
1222 months agoNov 2024
+18.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
122
0.0%
22320
-13.0%
3234262
+12.0%
4421456
+8.3%
5129135
+4.7%

Summary: Richmond housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -13.0%. The inventory for 3 bedroom homes increased by +12.0%. The inventory for 4 bedroom homes increased by +8.3%. The inventory for 5 bedroom homes increased by +4.7%.

Asking Price vs. Sold Price

How much do homes in Richmond, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price14 Homes

At Asking Price23 Homes

Under Asking Price107 Homes

Insight

If you're buying a home in Richmond, you may be able to get a good deal. 74.3% of homes here sold below asking price last month.

Summary: A total of 144 homes were sold or pending in Richmond in December 2024, up by 18.0% month-over-month. Of the 144 sold homes, 74% were sold under asking, 16% were sold at asking, and and 10% were sold over asking.

Days on Market for Richmond, TX

How long does it take to sell a home in Richmond, TX?

Breakdown of Home Sale Times

Under 30 Days68 Homes

30 – 90 Days55 Homes

Over 90 Days21 Homes

Insight

Many homes in Richmond are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 144 homes were sold in Richmond; 47% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearDec 2024
46 Days1 year agoDec 2023
-4.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Richmond had an average listing age of 44 days in Dec 2024, down by 4.2% compared to the previous year.

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Newest Listings in Richmond, TX

What homes are available in Richmond, TX?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Houston REALTORS® Information Service, North Texas Real Estate Information Systems Inc., and Unlock MLS for the period 01/01/2023 - 01/01/2025

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/19/2025, 5:16:09 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/19/2025, 5:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/19/2025, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.