In-depth Real Estate Data: Communities

Groves Research, Pricing, and Statistics

From October 14th, 2024 through April 12th, 2025

Units Sold:

28

Average Sold Price:

$430,869

Average Sold Discount:

6%

Average Price Reduction:

3%

Average DOM:

94

The Groves community offers a variety of homes for buyers, with 71 properties currently available. Prices range from $299,000 to $850,000, with an average list price of $487,715. Homes vary in size from 1,378 to 4,464 sq ft, making it a great place for families seeking space and comfort.

Active Listings

64

Average List Price

$493,007

Typical List Price

$373k to $627k

Homes Listed per Price Range

A visual list price spectrum representation

$289kto$416k$416kto$543k$543kto$670k$670kto$755k
202528141211

Sold Listings

28

Average Selling Price

$430,869

Typical Selling Price

$341k to $470k

Homes Sold per Price Range

A visual sold price spectrum representation

$325kto$381k$381kto$438k$438kto$494k$494kto$551k$551kto$607k$607kto$663k$663kto$720k
2025162434

Average Sold Price per Sq Ft

$175

Typical Sold Price per Sq Ft

$163 to $186

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$147to$156$156to$165$165to$174$174to$183$183to$192$192to$201$201to$210
20255538413

Average Days to Sell

94

Typical Days to Sell

39 to 147

Days on the Market Distribution

The number of homes sold in each DOM range

9to4040to7272to103103to135135to166166to198198to229
2025766415

Average Price Reduction

3%

Typical Price Reduction

0% to 5%

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.)

-7%to-5%-5%to-3%-3%to-1%-1%to1%1%to3%3%to5%5%to7%7%to9%9%to11%11%to13%13%to15%15%to17%17%to19%19%to21%
2025149132213424332

Average Discount from Original List

6%

Typical Sold Discount from Original List

2% to 8%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

0%to2%2%to4%4%to7%7%to9%9%to11%11%to13%13%to16%
20259265214

Average Discount from Last List

2%

Typical Sold Discount from Last List

0% to 3%

Negotiated Disocunts from Final List Price

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

-5%to-3%-3%to-1%-1%to0%0%to2%2%to4%4%to6%6%to8%
202511114633

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.