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Real estate in Memphis’ Richwood neighborhood.

Compare top Richwood real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for November 2026.*


*Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Richwood real estate Market Report.

Information and statistics on the latest trends in the Richwood real estate market. *

Latest Rolling 3-Month Snapshot

Jul 1, 2026 - Sep 30, 2026

Median sale price
$230K
-8.9% from Q2 '26
Median list price
$237K
-5% from Q2 '26
Active listings
35
+9.4% from Q2 '26
Homes sold
15
No change from Q2 '26
New pendings
23
+44% from Q2 '26
New listings
19
-17% from Q2 '26

Quarterly Pricing Trends for Richwood

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Richwood Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $263K Median sale price in Jan 2022 - Mar 2022: $230K Median sale price in Apr 2022 - Jun 2022: $277K Median sale price in Jul 2022 - Sep 2022: $225K Median sale price in Oct 2022 - Dec 2022: $228K Median sale price in Jan 2023 - Mar 2023: $239K Median sale price in Apr 2023 - Jun 2023: $244K Median sale price in Jul 2023 - Sep 2023: $250K Median sale price in Oct 2023 - Dec 2023: $262K Median sale price in Jan 2024 - Mar 2024: $256K Median sale price in Apr 2024 - Jun 2024: $243K Median sale price in Jul 2024 - Sep 2024: $260K Median sale price in Oct 2024 - Dec 2024: $267K Median sale price in Jan 2025 - Mar 2025: $249K Median sale price in Apr 2025 - Jun 2025: $256K Median sale price in Jul 2025 - Sep 2025: $245K Median sale price in Oct 2025 - Dec 2025: $234K Median sale price in Jan 2026 - Mar 2026: $219K Median sale price in Apr 2026 - Jun 2026: $253K Median sale price in Jul 2026 - Sep 2026: $230K Median list price in Oct 2021 - Dec 2021: $260K Median list price in Jan 2022 - Mar 2022: $235K Median list price in Apr 2022 - Jun 2022: $270K Median list price in Jul 2022 - Sep 2022: $230K Median list price in Oct 2022 - Dec 2022: $245K Median list price in Jan 2023 - Mar 2023: $261K Median list price in Apr 2023 - Jun 2023: $250K Median list price in Jul 2023 - Sep 2023: $280K Median list price in Oct 2023 - Dec 2023: $255K Median list price in Jan 2024 - Mar 2024: $257K Median list price in Apr 2024 - Jun 2024: $260K Median list price in Jul 2024 - Sep 2024: $270K Median list price in Oct 2024 - Dec 2024: $250K Median list price in Jan 2025 - Mar 2025: $257K Median list price in Apr 2025 - Jun 2025: $255K Median list price in Jul 2025 - Sep 2025: $225K Median list price in Oct 2025 - Dec 2025: $235K Median list price in Jan 2026 - Mar 2026: $244K Median list price in Apr 2026 - Jun 2026: $250K Median list price in Jul 2026 - Sep 2026: $237K Oct 2021 - Dec 2021 Median sale price $263K Median list price $260K Jan 2022 - Mar 2022 Median sale price $230K Median list price $235K Apr 2022 - Jun 2022 Median sale price $277K Median list price $270K Jul 2022 - Sep 2022 Median sale price $225K Median list price $230K Oct 2022 - Dec 2022 Median sale price $228K Median list price $245K Jan 2023 - Mar 2023 Median sale price $239K Median list price $261K Apr 2023 - Jun 2023 Median sale price $244K Median list price $250K Jul 2023 - Sep 2023 Median sale price $250K Median list price $280K Oct 2023 - Dec 2023 Median sale price $262K Median list price $255K Jan 2024 - Mar 2024 Median sale price $256K Median list price $257K Apr 2024 - Jun 2024 Median sale price $243K Median list price $260K Jul 2024 - Sep 2024 Median sale price $260K Median list price $270K Oct 2024 - Dec 2024 Median sale price $267K Median list price $250K Jan 2025 - Mar 2025 Median sale price $249K Median list price $257K Apr 2025 - Jun 2025 Median sale price $256K Median list price $255K Jul 2025 - Sep 2025 Median sale price $245K Median list price $225K Oct 2025 - Dec 2025 Median sale price $234K Median list price $235K Jan 2026 - Mar 2026 Median sale price $219K Median list price $244K Apr 2026 - Jun 2026 Median sale price $253K Median list price $250K Jul 2026 - Sep 2026 Median sale price $230K Median list price $237K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
15
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026 - Sep 2026).

Home values in Richwood have been easing in the latest rolling three-month view, with the typical home value down compared to a year ago and now tracking below last fall’s levels. Median sale prices are roughly 6 percent lower year over year, and they have also slipped from mid-2026 peaks. List prices, however, are up about 6 percent from a year earlier, suggesting sellers are still testing higher asking prices even as closed-sale values soften.

Listing and contract activity shows a market that has cooled from last year but remains active. Homes sold in this rolling period are down more than 40 percent year over year, and new listings have also declined compared with a year ago. Pending sales are only modestly lower than last year, indicating that a fair share of the homes that do come to market are still going under contract.

Conditions have shifted toward more balance, with months of supply rising to about 3 months in Richwood compared with roughly 1.6 months a year ago and 5.3 months across the broader Memphis market. Typical days on market have edged up to the low 30s, and the share of homes selling above list price has fallen sharply from last year’s elevated levels. With sale-to-list ratios now just under 98 percent, pricing strategy and negotiation matter more, and both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these evolving dynamics.



Learn more about what Richwood has to offer.

Richwood offers residents a welcoming, family-friendly community with tree-lined streets, local amenities, and a strong sense of neighborhood pride that makes everyday life comfortable and engaging.

Richwood in Memphis tends to work best for buyers who value a residential feel with quick access to urban amenities. Families and first-time buyers appreciate the established streets, a mix of older homes and newer construction, and proximity to everyday essentials, while long-time owners often see strong appeal in the area’s steady demand and potential for equity growth.

Residents enjoy being a short drive from the University of Memphis and cultural spots like the Memphis Botanic Garden, Pink Palace Museum, and outdoor recreation at Shelby Farms Park. Local parks and schools, including nearby Memphis-Shelby County Schools campuses, help define daily routines, and access to shopping corridors and employment hubs across Memphis keeps commutes manageable.

Home styles in and around Richwood range from modest ranch homes to larger properties with generous yards. Buyers focused on affordability may look to smaller starter homes or properties that need cosmetic updates, while move-up buyers often prioritize larger footprints or renovated interiors. Sellers, in turn, must understand how condition, school zoning, and nearby amenities affect pricing and days on market compared with neighboring areas like East Memphis and Berclair.

Because values can vary block by block, working with a real estate agent who knows Richwood’s specific streets, recent sales, and buyer demand is crucial. Agent Pronto connects both buyers and sellers with professionals who understand these neighborhood-level details and can tailor strategies to individual goals.

Find your Richwood real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Timishia Ortiz was extraordinary in her knowledge of realtor. Timisha has people skills and very understanding of what I was looking for. Not one time did she pressure me into buying something that I was not interested. Just having her there with me at the closing made it easy.”

Deborah Wellington ·

Photo of Morrow Group
eXp Realty
“Kitzy went above and beyond for us. Her knowledge and persistence were invaluable. I would work with her in a heartbeat again. She filed multiple extensions for us and ensured that the deadline was met.”

tiffany gaither jackson1 ·

Photo of Kitzy Talley
Kaizen Realty
“William was an outstanding realtor and a true professional. He brought experience, honesty, and clear communication to the table, which made a huge difference throughout the process. He was proactive, thorough, and always made sure I understood what was happening and what to expect next. I never felt rushed or uninformed — only supported. William’s expertise and steady approach gave me a lot of confidence, and I’m very thankful to have had him on my side. Highly recommend working with him.”

Lisa ·

Photo of William Haynes
Crye-Leike
“Ms. Kimberly Townsend is an awesome realtor! She assisted us in finding our forever home with all our wants. She went over and beyond to make sure all of our needs were met. We truly appreciate her due diligence to property details that buyers would not have notice. She is very knowledgeable and professional. She explained every step of the home buying process in depth. She made this experience enjoyable! Excellent Job, Ms. Townsend.”

Brenda M. · Olive Branch, MS

Photo of Kim Townsend
Century 21 Patterson & Associates
“After going through numerous realtors, I was fortunate to find Tina, and I can confidently say she was a game-changer in the home buying process. I was transitioning out of the military and living in a different state at the time, which made house hunting even more challenging. Tina immediately stepped up. She quickly put together a solid list of homes to consider and went above and beyond by doing virtual walkthroughs for every property we were interested in. Once we narrowed down the list, we drove to Mississippi to view the top contenders in person. Thanks to Tina's dedication and efficiency, we found the perfect home, and she got us from viewing to closing in just 32 days. Tina worked incredibly hard to ensure everything — including needed repairs — was handled quickly and professionally. The entire process was seamless. She was always on our side, fiercely advocating for our best interests every step of the way. If you're looking for a realtor who truly cares, communicates well, and will do everything possible to get you into a home you love, Tina is the one to work with. I couldn't recommend her more highly.”

slutchm ·

Photo of Tina Andrade
Fast Track Realty
“Mia and her team were great to work with. Highly recommend! She knows the Memphis area extremely well and is an expert in marketing. She was also extremely diligent and responsive throughout the process. We especially appreciated her constant and consistent communication to ensure things were moving along as appropriate.”

Michael Fink ·

Photo of Mia Atkinson
Exp Realty
“I recently had the pleasure of working with Dialine to purchase my new home, and I could not be more satisfied with the experience. From our introduction to the final closing, Dialine demonstrated professionalism, expertise, and an unwavering commitment to finding the perfect property for my family. Dialine took the time to understand my needs, preferences, and budget, ensuring that each property we visited was a potential match. Her knowledge of the local market was impressive, providing valuable insights that helped me make informed decisions. Thanks to Dialine, the home-buying process was smooth and stress-free. I highly recommend Dialine to anyone in need of a top-notch real estate professional. Her commitment to client satisfaction is unparalleled, and I am grateful for her exceptional service.”

zacharyealey ·

Photo of Dialine Booker
Berkshire Hathaway HomeService Taliesyn Realty
“I had the pleasure of working with Raquel, and I couldn’t be more impressed. She was incredibly personable and made it her mission to ensure I was completely satisfied with my home purchase. As a first-time homebuyer, I had a lot of questions, and she was not only knowledgeable about the entire process but also patient and thorough in her explanations. What truly stood out was her honesty and dedication—she wouldn’t let me settle for anything less than what was right for me. Her strong relationships with banks made the financing process smooth, and she fought for my best interests every step of the way. If you're looking for someone who genuinely cares about your happiness and success, I highly recommend Raquel.”

Terrell Jackson ·

Photo of Raquel Curry
Benchmark Realty Benchmark Realtors LLC.
“Tarneshia done an outstanding job in helping us choose our home. Her knowledge and experience as the property manager help us to know this is the area we wanted to make this our final move.”

user73169813 ·

Photo of Tarneshia Barnett
KAIZEN Realty, LLC
“This was my first home buying experience and Nikki made the process so easy and straightforward. She was always there any time of the day or night to answer all my questions (and I had a lot)! I felt so comfortable around her and she always had my best interest in mind. Will be using her again in the future and would highly recommend.”

Stephanie Chilton ·

Photo of Nikki Rowland
Turn Key Realty Group
“Thank you for helping me on becoming a first time home buyer . I told you what I wanted and you helped me get exactly that .You made my biggest transaction so easy and smooth .Any questions I had you answered them all even after closing .Thank you for everything .If you’re looking for a home I truly recommend Raven to be your realtor.She is the best and is great at what she does.”

Diontreia harris ·

Photo of Raven Cansler
Kaizen Realty
“had an awesome experience with Latavia Blanton! Latavia Blanton’s expertise, dedication, and understanding throughout the entire process of finding my home was EXCEPTIONAL! She was very knowledgeable, professional, and most importantly, always available to answer questions I had throughout the process.”

knoxangelam ·

Photo of Latavia Blanton
Epique Realty
“Mrs. Hyter is an amazing real estate agent. Knowledgeable, helpful, friendly, kind and truly cares for all of her clients. I recommend her time and time again.”

Becca Rupe ·

Photo of Beverly Hyter
Kaizen realty
“Jessica Stepped in and did exactly what she said she would do and that was find my wife and I the home our hearts desired! We couldn’t have been so grateful for her and her team for working with us. When all hope was loss she said “Keithston you won’t find the perfect home, the perfect home will find you” and we weren’t even looking at this property as hard as we were but she was right it found us!!!! She’s a GOAT in my book, a loving person who cares about her clients, and a great realtor. I will recommend Jessica Niter to anyone she’s a blessing to our family and is now considered FAMILY”

keithston page14 ·

Photo of The Collective Realty Partners
Keller Williams - The Collective Realty Partners
“Kaye was very helpful, patience, and understanding through out my hold process. She provided me with some great advice on purchasing my first home. I was very excited about having Kaye as my realtor.”

curtis spencer ·

Photo of Stiletto Real Estate Team
BEST Real Estate Company
“Stephen went way beyond what we expected as first-time homebuyers. He explained the homebuying process in a way we could easily follow and made the transaction effortless. He does not leave you hanging once you close on the home but follows up to make sure everything is going well in the weeks and months after move-in. Stephen is very thorough and detail-oriented - we would and will recommend Stephen to all our friends who are in the process of buying or selling a home!”

Katherine Martin ·

Photo of Stephen Mansour
RE/MAX Remax Real Estate Experts
“This was a very easy and satisfying system to use for the sale of my house. My agent, Steven Ford, was very professional and up front with all information concerning my house value, what the market would pay, and guiding me through the sale. He was very knowledgeable and walked me through all aspects of the whole process to get the best price and the sale handled as quickly as possible. He always made sure I understood what the process was, and that I was happy with the price of the house and the cost of escrow and commissions. I would recommend Steven Ford as the utmost professional in helping to sell any house. Thank you for getting me in touch with this great person.”

Kelly L. · Collierville, TN

Photo of Steve Ford
The Carter Group Realtors
“Jessica was such a pleasure to work with! She’s very professional and personable as well. She was so patient with me throughout the whole process and worked hard to meet my needs with everything I wanted in a home. I would highly Jessica to anyone looking to buy a house!”

zuser20190121140023214 ·

Photo of Jessica Ennis
Paradigm21 Realty
“Carrie was awesome in helping us to find our new home in Somerville! She was patient with us as we looked at a variety of locations and home styles. We were so grateful for all of her knowledge, as we had moved from out of state due to my husband’s promotion. Coming to the area we had no clue where to start or what was good/bad. But she made it easy!”

bnicho25 ·

Photo of Michael Jones
Berkshire Hathaway HomeServices Taliesyn Realty
“Lydia Nance is in a league of her own. She is very knowledgeable and she was there whenever I needed her. Lydia was always there to answer all my concerns and questions about buying my home. The thing I love the most about Lydia is when I told her this is the house I want because I couldn't get it out of my mind and it was in my price range. She listened to me and she was more than an agent she was more like a sister and was sincere. Lydia made my home buying experience very pleasant even in times when I felt like things very going too slow. I'm very happy with my experience with Lydia. She handled my business in a professional manner.”

sandra bibbs ·

Photo of Lydia Nance
Best Real Estate Co.

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Richwood. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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