DFW Market Intelligence · October 2026
Richland Hills, TX real estate market — zip code 76118
In Richland Hills, Texas (zip code 76118), the median single-family home sold for $340,000 across 29 closed sales over the last 90 days (average $363,379). Homes averaged 34 days on market and closed at 94% of list price, with 41 active listings on the market now.
| Median sold price | $340,000 |
|---|---|
| Average sold price | $363,379 |
| Average days on market | 34 days |
| List-to-sale ratio | 94% |
| Active listings | 41 |
| Closed sales in window | 29 (last 90 days) |
| Source | NTREIS MLS, October 2026 |
Average sold price by month in 76118
| Month | Average sold price |
|---|---|
| April 2026 | $443,000 |
| May 2026 | $328,000 |
| June 2026 | $352,000 |
| July 2026 | $336,000 |
| August 2026 | $340,000 |
| September 2026 | $444,000 |
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What starting high cost sellers here
In 76118, homes that sold after a price cut took 36 days. Homes that sold without one took 6 days, and 79% of sellers cut at least once.
| Sold after a price cut | 36 days |
|---|---|
| Sold without one | 6 days |
| Cut and never sold | 34% |
Download the 76118 market report (PDF) →
Richland Hills (76118) real estate questions
- What is the median home price in Richland Hills, TX (76118)?
- The median single-family home in zip code 76118 sold for $340,000 over the last 90 days, across 29 closed sales. Half sold for more and half for less. The average was $363,379.
- What is the average home sale price in Richland Hills, TX (76118)?
- Homes in zip code 76118 sold for an average of $363,379 over the last 90 days, across 29 closed sales. The figure comes from NTREIS MLS records for single-family homes.
- How long does it take to sell a home in 76118?
- Homes in Richland Hills (76118) spent an average of 34 days on market before going under contract.
- Do homes in 76118 sell for asking price?
- The average sale-price-to-list-price ratio in 76118 is 94%. Homes are closing below their asking price on average.
- How many homes are for sale in 76118 right now?
- There are 41 active single-family listings in zip code 76118.
- Does cutting the price help a home sell faster in 76118?
- No. In 76118, homes that sold after a price cut took 36 days; homes that sold without one took 6 days. Pricing correctly on day one is the faster path.
- Who can help me buy or sell a home in Richland Hills, TX?
- Dan and Courtney Vega of House Vega, a husband-and-wife team with Keller Williams, work across North Texas including Richland Hills (76118). Reach Dan at 404-583-2774 or Courtney at 682-800-7001.
Thinking about buying or selling in Richland Hills?
Dan and Courtney Vega are a husband-and-wife team with Keller Williams. No pitch — just a conversation about your property and what this market is actually doing right now.