Builder Community Research

LGI Homes El Tesoro

From May 5th, 2024 through November 1st, 2024

Units Sold:

157

Average Sold Price:

$288,338

Average Sold Discount:

1%

Average DOM:

92

LGI Homes, a Houston home builder, offers a diverse selection of new homes across several communities, including the highly active listings in the $303k - $339k range. With an average size of 1,745 sq ft and prices starting from $203,900, they rank #4 in the city for average days on the market at just 54 days.

Active Listings

7

Average List Price

$300,043

Typical List Price

$295k to $310k

Homes Listed per Price Range

A visual list price spectrum representation

$270kto$285k$285kto$299k$299kto$314k
2024116

Sold Listings

20

Average Selling Price

$278,004

Typical Selling Price

$263k to $301k

Homes Sold per Price Range

A visual sold price spectrum representation

$221kto$240k$240kto$258k$258kto$277k$277kto$296k$296kto$314k$314kto$333k
2024219153

Average Sold Price per Sq Ft

$180

Typical Sold Price per Sq Ft

$164 to $191

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$142to$159$159to$176$176to$193$193to$210$210to$227$227to$244
2024242258

Average Days to Sell

73

Typical Days to Sell

40 to 108

Days on the Market Distribution

The number of homes sold in each DOM range

3to3232to6262to9191to120120to150150to179
2024455133

Average Price Reduction

0%

Typical Price Reduction

0% to 0%

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-2%to-2%-2%to-1%-1%to-1%-1%to-1%-1%to-1%-1%to0%0%to0%0%to0%0%to0%0%to1%1%to1%1%to1%1%to1%1%to2%2%to2%2%to2%2%to3%3%to3%3%to3%3%to3%
2024222412711112

Average Discount from Original List

2%

Typical Sold Discount from Original List

0% to 1%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-2%to1%1%to4%4%to7%7%to10%10%to13%13%to16%
20241443

Average Discount from Last List

2%

Typical Sold Discount from Last List

0% to 1%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

0%to3%3%to5%5%to8%8%to11%11%to13%13%to16%
2024184

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.