Is Richland Springs, TX 76871 a buyer’s or seller’s market?
Richland Springs is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Richland Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Richland Springs, TX 76871 sold above their list price, the typical home went under contract in 162 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (457 days then) and the median sale price fell 36% to $189,918. Overall, Richland Springs is more competitive than a year ago, so tougher for buyers.
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Nearby markets
Cherokee 76832 — /sq ftPontotoc 76869 — /sq ftSan Saba 76877Buyer’s market $164 /sq ft Browse all markets →Where Richland Springs is
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Questions about Richland Springs real estate
Is Richland Springs a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Richland Springs, TX 76871 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Richland Springs?
The typical home went under contract in 162 days in the latest three months.
Do homes in Richland Springs sell over asking?
0% of homes sold above their original list price.
What are property taxes in Richland Springs?
About 0.90% of a home’s value a year in San Saba County, or roughly $3,600 on a $400,000 home.
What is the median home price in Richland Springs?
The median sale price was $189,918 in the three months ending August 31, 2026, about $183 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology