North Richland Hills, Texas Housing Market

What stands out in North Richland Hills?

• Asking prices swing about 4.7% between the cheapest and priciest months: among the flattest seasonal prices of 765 tracked cities. The month you buy matters little here.

What moves the numbers in North Richland Hills?

North Richland Hills asking prices per square foot were above the year before in 82% of months since the data starts. Within a year, the cheapest and priciest months differ by about 4.7%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in North Richland Hills's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

When do North Richland Hills prices dip?

Across 9 full years, North Richland Hills asking prices ran lowest in January, about 2.1% below the year's average. They peaked in May. The most homes for sale show up in September, about 23% above the yearly average. Shop in September for choice, and expect the softest asking prices in January.

Is now a good time to buy in North Richland Hills?

The median asking price is 15.8% below its May 2023 peak. Per square foot the gap is smaller: 7.3% below the May 2023 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. North Richland Hills prices have risen in 91 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

How does North Richland Hills compare with other Texas markets?

Ranked among the 77 Texas markets we track:

• Asking price: 31st priciest of 77. North Richland Hills is at $387,672. Closest: Missouri City and Desoto.
• Buyer competition: 8th most competitive of 67. North Richland Hills is at 0.40 buyers per home. Closest: Cedar Hill and Mesquite.
• Time on market: 12th shortest time on market of 77. North Richland Hills is at a median of 52 days on market. Closest: Amarillo and Sugar Land.
• Price cuts: 35th most price cuts of 77. North Richland Hills is at 25% of sellers cutting. Closest: Dallas and New Braunfels.

How much can you negotiate in North Richland Hills?

For every 100 homes still for sale, 40 are under contract. In 2017–2019 at this time of year it was 62. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical North Richland Hills listing has been on the market 52 days. There are 177 homes for sale in North Richland Hills. That is 5.9 times the tightest month on record, but below the peak of 188. Supply is steady against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

What numbers should you underwrite a North Richland Hills deal with?

• Price growth to assume — +2.2%/yr. North Richland Hills grew 4.8% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, North Richland Hills grows about 2.2% a year. That is the number to type in. Prices fell 2.7% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 25% of North Richland Hills listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $197/sqft. The typical North Richland Hills listing shrank from 2,763 to 2,050 sqft since Jul 2016. So median price hides real growth: 64% per sqft versus 11% on the median. Comp on median price and you will overpay for small homes.

Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.

What is the median home price in North Richland Hills?

The median asking price in North Richland Hills is about $388,000 as of Sep 2026, down 7.7% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our North Richland Hills figures cover the 2 ZIP codes with a North Richland Hills mailing address, which can reach past city limits.

Is North Richland Hills a buyer's or seller's market in 2026?

Neither side has the upper hand in North Richland Hills right now. We compare North Richland Hills with 2017–2019 at this time of year: there are 40 pending sales per 100 listings, against 62 then; 25% of sellers have cut their price, against 36% then; the typical listing has been up 16% more days.

Are North Richland Hills home prices going up or down?

The median asking price is 15.8% below its May 2023 peak. Per square foot the gap is smaller: 7.3% below the May 2023 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for North Richland Hills?

Assume +2.2% a year. North Richland Hills grew 4.8% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, North Richland Hills grows about 2.2% a year. That is the number to type in. Prices fell 2.7% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in North Richland Hills?

HUD's fiscal year 2026 fair market rent for Tarrant County is $1,723 a month for 2 bedrooms and $2,273 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.