Is now a good time to buy land in Richmond, Texas?
Richmond, Texas is currently a strong buyer's market with 273.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
273.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 1 |
Richmond, Texas is currently a strong buyer's market with 273.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Richmond, Texas currently has 273.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 91 active listings in Richmond, Texas. 31 new listings have hit the market in the last 90 days. The median asking price is $499K.
The current absorption rate in Richmond, Texas is 0.4% (3-month basis), indicating slow demand.
Land in Richmond, Texas typically sells within 116 days of listing. The median time on market is 116 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Richmond, Texas saw 2 properties sold. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Richmond, Texas is 0.4%. The 12-month rate is 0.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.