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March 2022: Home valuations in Richmond increased

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The median assessed value of a home sold in March 2022 in Richmond rose by $8,667 while total valuation increased by 35.5%, according to BlockShopper.com.

In March 2022, there were 84 homes sold, with a median home valuation of $214,995 - a 4.2% increase over the $206,328 median valuation for the same period of the previous year. There were 62 homes sold in Richmond in March 2021.

The following table compares Richmond to other Fort Bend County cities with similar median home valuations in March 2022:

CityMar. 2022 Home SalesMar. 2021 Home Sales% change (Total Home Sales)Mar. 2022 Median ValuationMar. 2021 Median Valuation% change (Median Valuation)
Pleak10-$249,944$0-
Fulshear45-20%$247,577$451,233-45.1%
Needville4333.3%$232,200$295,230-21.3%
Meadows Place46-33.3%$221,935$201,31510.2%
Pin Oak Village10-$217,032$0-
Richmond846235.5%$214,995$206,3284.2%
Missouri City4850-4%$213,740$245,460-12.9%
Pheasant Creek31200%$213,400$265,850-19.7%
New Territory82300%$207,138$212,512.50-2.5%
Greatwood Village10-$193,624$0-
Four Corners84100%$188,460$178,4685.6%

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