May: Home valuations in Richmond fell

Real Estate
Re 13

The median assessed value of a home sold in May in Richmond fell by $18,100 while total valuation increased by 17.4 percent, according to BlockShopper.com.

In May, there were 101 homes sold, with a median home valuation of $214,890 - a 7.8 percent decrease from the $232,990 median valuation for the same period of the previous year. There were 86 homes sold in Richmond in May 2021.

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

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median ValuationMay 2021 Median Valuation% change (Median Valuation)
Pleak10-$254,210$0-
Needville41300$240,964$30,968678.1
Sienna Plantation11683.3$233,800$269,568-13.3
Greatwood Village10-$224,816$0-
Missouri City3749-24.5$223,500$249,560-10.4
Richmond1018617.4$214,890$232,990-7.8
Four Corners58-37.5$212,810$192,89010.3
Mission Bend171513.3$195,216$150,92829.3
Stafford56-16.7$193,064$178,6488.1
Meadows Place3250$186,696$188,376-0.9
Orchard10-$183,520$0-