“Katelyn did an incredible job assessing market value, navigating multiple offers to maximize our return and ensuring we were well informed throughout the process. Definitely plan to call on her again.”
Castle & Associates Real Estate
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We analyze thousands of real estate agents in Memphis’ Richwood neighborhood and nationwide to find you proven local professionals, for free.
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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for August 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
Apr 1, 2026 - Jun 30, 2026
Median sale price
$256K
+17%
from
Q1 '26
Median list price
$258K
+5.1%
from
Q1 '26
Active listings
30
+15%
from
Q1 '26
Homes sold
14
-6.7%
from
Q1 '26
New pendings
15
-6.3%
from
Q1 '26
New listings
22
+10%
from
Q1 '26
Quarterly Pricing Trends for Richwood
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Richwood
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Richwood
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Richwood
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Richwood
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Richwood
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
20
Seller’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Apr 2026 - Jun 2026).
Price trends in Richwood have been relatively steady in this rolling three-month view, with the typical home value around $256,000 and essentially flat compared with a year ago. List prices have edged slightly higher year over year, while Memphis as a whole has seen a more noticeable gain in its median sale price. This stability comes even as Richwood’s median price per square foot sits around $119, suggesting buyers are paying close to asking value. With the neighborhood’s prices running above the broader Memphis median, it stands out as a somewhat higher-priced pocket in the city.
Current listing and contract activity shows a cooler pace than last year. Homes sold are down nearly half year over year, and pending sales have fallen by a similar share. Active listings are also lower than a year ago, indicating fewer options coming to market.
The balance between supply and demand has shifted meaningfully. Months of supply has climbed to about 3.2, more than doubling from a year earlier but still below the 5.6 months seen across Memphis, aligning with Richwood’s seller’s market label. Homes are taking longer to sell, with median days on market jumping from around 10 days last June to 26 days now, and none of the recent sales closed above list price, even though the average sale-to-list ratio is close to 98 percent. Buyers can use these trends to negotiate thoughtfully, while sellers must price carefully, and Agent Pronto can help both find an agent who understands Richwood’s changing 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.
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“If you’re looking for a realtor who truly cares about his clients, I can’t recommend Jeremiah enough! As a first-time homebuyer, I had no idea what to expect, but Jeremiah made the entire process feel manageable and far less overwhelming. He was incredibly kind, patient, supportive, and always willing to answer my questions. What impressed me most was how often he went above and beyond what I ever expected from a realtor. He wasn’t just focused on buying a house...he genuinely cared about helping me find the right home for me and my kids. His guidance, encouragement, and dedication throughout the entire process meant more than I can put into words. Thanks to Jeremiah, we found our very first home, and I will always be grateful for everything he did to help make that happen. If you’re buying or selling a home, I wholeheartedly recommend Jeremiah. You’ll be in the best hands! Thank you, Jeremiah, for helping us start this new chapter. My family and I will always be grateful!”
Epique Realty
“Mike was an excellent agent to work with! He took time to listen to our hopes and expectations with our property. And then worked diligently to meet our needs. Mike was very accessible and handled any questions or concerns quickly and completely. I highly recommend Mike in the management of the sale of any property!”
Century 21 Legacy
“Brooke was amazing!! She truly went above and beyond to help me find a house to call home. I truly could not be more thankful I got to work with her!!!”
Century 21 Legacy
“Tracey is the best realtor. She makes stressful negotiations a breeze from start to finish. She is professional but adds her personal touch to all communications and transactions to make you feel like family. I have used Tracey for over 10 years in buying and selling several homes. I would never use another realtor in buying or selling my home.”
RE/MAX Real Estate Ten Midtown
“David Edwards did a great job selling our house. He went above what other realitors have done with us in the past. I would recommend David Edwards to everyone. He was on top of every aspect of our sell.”
CENTURY 21 Legacy
“Misty was an absolute pleasure to work with! She went above and beyond in the entire home buying process. Misty went out of her way to meet with us to view several potential properties on short notice. Her insight and knowledge were critical in informing my decisions. She walked me through the tough negotiations so I could navigate them confidently. Myself and my family are truly thankful for her help in finding our home!”
Century 21 Platinum Properties
“We have used Shawn in the past, and he has always done an amazing job selling our properties. We really appreciate how communicative he is throughout the entire process, and he always gets our questions answered. Our homes have always sold within 2 to 3 weeks or less. I would highly recommend him for anyone looking for an all-star home selling experience!”
Century 21 Wright Realty
“Fantastic experience! Brad went above and beyond at every turn—answering questions, offering great advice, and making sure I felt supported the whole way. His energy, dedication, and expertise made the process understandable and I felt he really cared about my needs and situation. If you’re looking for someone who truly cares, this is the realtor you want!”
Century 21 Wright Realty
“I contacted Pronto because we needed to sell a deceased relative's home in Tennessee, while we live in Ohio. Agent Pronto put us in touch with two agents, and we chose Amber Vittetoe who was nothing short of fabulous. She provided us with many resources that we wouldn't have known about since we're not local, and she was extremely responsive 24/7. We couldn't have asked for a better agent. Thank you!”
MG Rise Realty
“Khristian was extremely helpful in buying my home. I truly felt at home and at ease working with him. He made sure I was aware of everything going on, and took me to every home I wanted to see.”
Keller Williams First Class Real Estate
“Jessica is an amazing Realtor. She truly cares about the people she works with and goes above and beyond to make her clients transition a smooth one. We just loved working with her and will definitely work with her again. She is great for vacation homes too both in the Smokies and Panama City Beach FL. Her knowledge of short term rentals helped us tremendously.”
Realty One Group Emerald Coast
“Mr. Black made it so for us.”
Century 21 Platinum Properties
“Good service nice response time very polite overall very satisfied stay dangerous Betty lol”
eXp Realty
“She helped us buy our house, then sell it a few years later. Couldn't recommend more! So communicative, answered all my questions at a timely, proffessional manner. I was probably not the easiest client at times because stress, but she was so calm and reassuring through the whole process! Seriously so grateful for how smoothly this sale went, all with the help of Marie!”
CENTURY 21 Platinum Properties
“Rolanda was absolutely wonderful to work with during the selling process. She was professional, knowledgeable, resourceful, and patient. She ensured that I was represented well and every step of the way. I highly recommend Rolanda to friends, family, or associates.”
Coldwell Banker Pryor Realty
“Rasa Baldino proved to be an excellent realtor and was wonderful to work with. She offered valuable recommendations regarding the decor and appearance of our cabin. We implemented those recommendations which helped attract potential buyers and the cabin sold quickly thereafter. We have recommended Rasa to others and will definitely use her again should the opportunity arise.”
Century 21 MVP
“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.”
Century 21 Patterson & Associates
“Miss Candy was very helpful with the sale of the property she knew what she was doing and how to handle all things that needed to be handled. I would recommend her to anyone that needed help with the sell of their property and I will use her again if I need help with selling any property, Thank you so much Miss Candy for helping in the sale of the property.”
Keller Williams Realty
“Matthew demonstrated excellent realtor service. From communicating, providing assistance and more, this is tge type of serivice you would look for an a realtor!”
EXP Realty
Frequently Asked Questions
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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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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Richwood Realtor® or real estate agent today.
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