The Richwoods housing market is very competitive. The median sale price of a home in Richwoods was $1.2M last month, up 5.1% since last year. The median sale price per square foot in Richwoods is $255, down 26.5% since last year.
What is the housing market like in Richwoods today?
In October 2024, Richwoods home prices were up 5.1% compared to last year, selling for a median price of $1.2M. On average, homes in Richwoods sell after 26 days on the market compared to 27 days last year. There were 3 homes sold in October this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,190,000
+5.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Richwoods, TX
$1,190,000
+5.1%
United States
To compare other locations to the Richwoods and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Frisco add value to a home.
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How hot is the Richwoods housing market?
Richwoods is very competitive. Homes sell in 25 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 17 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Richwoods, TX
96.3%
-0.38 pt
United States
Schools in Richwoods
Learn about schools in the Richwoods area
Elementary
Middle
High
GreatSchools Rating
10/10
Talley Elementary School
Public • K-5
586
Students
1 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Richwoods housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Richwoods.
Flood Factor - Minor
2% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richwoods has a minor risk of flooding. 30 properties in Richwoods are likely to be
severely affected
by flooding over the next 30 years. This represents 2% of all properties in Richwoods. Flood risk is increasing faster than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richwoods has a moderate risk of wildfire. There are 1,822 properties in Richwoods that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Richwoods.
87% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Richwoods has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Richwoods is most at risk from hurricanes. 1,590 properties in Richwoods have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 76 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 81 mph.