Is Richmond, TX 77406 a buyer’s or seller’s market?

The Richmond housing market right now

In the three months ending August 31, 2026, 7% of homes in Richmond, TX 77406 sold above their list price, the typical home went under contract in 70 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 379 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold more slowly (60 days then) and the median sale price fell 7% to $427,315. Overall, Richmond is about as competitive as it was a year ago.

Within Fort Bend County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Richmond ranks #660 of 868 TX ZIP codes with enough sales (score 16 out of 100).

Nearby, buyers who want less competition could look at Kendleton 77451 (0% sold over asking) or Guy 77444 (0% sold over asking), while Sugar Land 77478 (15% sold over asking) and Fresno 77545 (13% sold over asking) are even more competitive.