Market Intelligence · TX / Richmond

Richmond, TX 77406 Housing Market

The typical home value in Richmond, TX 77406 is $423,359, down 1.9% over the past year. The median list price sits at $469,621, with homes spending a median of 52 days on market.

Updated August 2026Median value$417K

The median home value in Richmond, TX 77406 is $417K as of August 2026, down 1.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 77406 range

$383K to $450K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.8% over 12 months

Typical home value in 77406 over the last 12 months: $425K in Aug 2025 to $417K in Aug 2026 (-1.8%).

Aug 2025$425K

Aug 2026$417K

The numbers

What is the 77406 housing market like?

Typical home value

$417K

Down1.8%YoY

Median list price

$470K

Down2.3%MoM

Days on market

52

Up2.0%MoM

Homes for sale

514

Down3.7%MoM

Price cuts

27.4%

Up19.4%MoM

New listings

120

Down15.5%MoM

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

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The comparison

How do 77406 home prices compare?

  • 77406$416,828
  • Richmond$373,827
  • Texas$262,445
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Richmond: 3 ZIPs; Texas: 1,512 ZIPs; United States: 26,265 ZIPs).

Context

Richmond's market shows mixed signals. There are 514 homes for sale with 120 new listings as of August 2026, suggesting steady supply. The median days on market of 52 indicates moderate buyer interest, though the value decline suggests prices are adjusting downward. With 27.4% of listings carrying price cuts, sellers are actively responding to market conditions. If you're considering selling, expect to price carefully and allow time for the right offer.

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