Momentum Housing Data · Home Values · Pasco County

RICHEY LAKES Home Values: What Homes Actually Sell For

RICHEY LAKES (NEW PORT RICHEY, FL): 3 recorded closings in the 12 months ending 2026-08-02, a 6-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, median closings ran near original asking (98.9%); the median sale took 54 days (window ending 2026-08-02).

The 6-year recorded price history

Over the recorded series, RICHEY LAKES’s median sold price moved from $65,000 (2016) to $232,500 (12 months ending 2026-08-02) — +258% over that span, with every year’s figure from recorded closings, not a model.

The last decade in RICHEY LAKES, briefly

The recorded series starts in 2016 at $65,000. Against the 2023 peak of $322,400, the current median stands at -28%. Annual sales volume here has ranged from 0 to 9 closings a year (10-yr average 3.3). With roughly 3.3 closings a year, RICHEY LAKES’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 99% single-family residence, 1% ?, with a median of 1,119 sq ft and a median price per square foot of $192 in the current window.

At RICHEY LAKES’s $232,500 median and Pasco County’s adopted 16.15 mills (FY2025-26), a home assessed at that price carries roughly $3,760 a year in property tax before exemptions, or about $3,110 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Pasco County tax page.

Selling in RICHEY LAKES right now: what the record says

Since 2004, 39 RICHEY LAKES listings were withdrawn, canceled, or expired without selling (2 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 41% of RICHEY LAKES listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 50%. Momentum’s market-heat index for RICHEY LAKES reads 30/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 0% of recorded RICHEY LAKES sales in the window ending 2026-06 (0 of 3) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a RICHEY LAKES home against; asking prices are an opening position, recorded closings are the value.

How RICHEY LAKES compares with its neighbors

Communities buyers shopping RICHEY LAKES are also weighing (same ZIP), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

Assigned public schools

Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.

More RICHEY LAKES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on Stellar MLS data distributed by MLS GRID for the period 2008 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures