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Market Intelligence · TX / Fort Bend County

Richmond, TX home prices and housing market

1 ZIP market liveData updated September 2026Typical value$373K1-yr changeDown3.2%

The typical home value in Richmond, TX is $373K as of September 2026, down 3.2% from a year ago, based on the Zillow Home Value Index. In the typical Richmond ZIP code, the median list price is $430K and homes spend a median of 51 days on market as of September 2026 (Realtor.com).

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The coverage

Richmond, by the numbers.

Typical home valueZillow ZHVI, September 2026
$373K
1-yr changeMedian across Richmond ZIPs
-3.2%
ZIP markets live3 tracked in Richmond
1
County
Fort Bend County

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12-month value trend

-3.2% over 12 months

Typical home value in Richmond over the last 12 months: $385K in Sep 2025 to $373K in Sep 2026 (-3.2%).

Sep 2025$385K

Sep 2026$373K

Median Zillow home value index across Richmond's ZIP codes.

Context

The typical home value in Richmond, TX is $372,531 as of September 2026, down 3.2% over the past year. Inventory is fairly deep, with 1387 homes for sale and 378 new listings hitting the market in September 2026. Sellers are adjusting expectations: 17.7% of listings have taken a price cut. The median list price sits at $429,574, which is above the typical value, suggesting many sellers are still aiming higher than what the market is delivering. Homes are taking a median of 51 days to sell, so this is not a fast market. For a homeowner thinking about selling, pricing realistically from day one matters more than it did a year ago.

The numbers

What is the housing market like in Richmond, TX?

Typical home value

$373K

Down3.2%YoY

Median list price

$430K

Days on market

51

Homes for sale

1,387

Price cuts

17.7%

New listings

378

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Richmond's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Richmond, TX home prices over time

Typical home values in Richmond, TX are down 3.2% over the past year, from $385K in September 2025 to $373K in September 2026.

Typical home value in Richmond, TX, September of each year
MonthTypical value1-yr change
September 2026$372,531-3.2%
September 2025$384,813No prior year

Typical value is the median Zillow Home Value Index across Richmond ZIP codes, taken in September of each year so every row compares the same month.

Market balance

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

Richmond, TX leans toward a buyer's market.

Homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 51 days on market and 18% of listings with a price cut in the typical Richmond ZIP code, and 378 new listings against 1,387 active listings across Richmond, as of September 2026 (Realtor.com).

The outlook

Richmond housing market forecast 2027

+0.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Richmond ZIP codes, points to typical home values holding roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in Richmond fell 3.2%, per the Zillow Home Value Index.

Will home prices drop in Richmond?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Richmond shows typical home values holding roughly flat by September 2027 (up 0.1%), after a 3.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Richmond ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Richmond?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 3 Richmond ZIP codes in total; the remaining 2 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Richmond, TX home prices.

How much is a home in Richmond, TX worth?

The typical home value in Richmond, TX is $372,531 as of September 2026, down 3.2% over the past year. This is a citywide figure, so individual homes may be worth more or less.

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

Homes in Richmond spend a median of 51 days on the market as of September 2026. With 17.7% of listings seeing a price cut, homes priced too high tend to sit longer.

Is there a lot of competition when selling in Richmond, TX?

Yes, sellers face meaningful competition. There were 1387 homes for sale and 378 new listings as of September 2026, with a median list price of $429,574.

Are home prices going up or down in Richmond, TX?

Typical home values in Richmond, TX are down 3.2% over the past year, based on the Zillow Home Value Index as of September 2026.

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

Richmond, TX leans toward a buyer's market. Homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 51 days on market and 18% of listings with a price cut in the typical Richmond ZIP code, and 378 new listings against 1,387 active listings across Richmond, as of September 2026 (Realtor.com).

Nearby markets

More Texas housing markets.

The market is moving

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