August 2021: Richmond experienced a 7.9% increase in median home valuations

Medium realestate3

The median assessed value of a home sold in August 2021 in Richmond rose by $18,615 while total valuation increased by 23.7%, according to

In August 2021, there were 94 homes sold, with a median home valuation of $255,285 - a 7.9% increase over the $236,670 median valuation for the same period of the previous year. There were 76 homes sold in Richmond in August 2020.

The following table compares Richmond to other Fort Bend County cities with similar median home valuations in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median ValuationAug. 2020 Median Valuation% change (Median Valuation)
Sienna Plantation78-12.5%$349,030$443,020-21.2%
Sugar Land1075691.1%$333,040$348,810-4.5%
New Territory11837.5%$324,460$289,33512.1%
Pecan Grove252025%$231,050$219,1655.4%
Missouri City463435.3%$222,235$267,380-16.9%

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