Mercello Lakes Research, Pricing, and Statistics
Units Sold:
23
Average Sold Price:
$359,630
Average Sold Discount:
2%
Average Price Reduction:
1%
Average DOM:
43
Mercello Lakes offers a vibrant community with 14 homes currently for sale, featuring an average list price of $503,564. Homes range from 2,120 to 3,755 sq ft, with lot sizes averaging 7,270 sq ft. Built between 2019 and 2020, these properties typically have 4 bedrooms and spend about 26 to 146 days on the market.
Active Listings
14
Average List Price
$503,564
Typical List Price
$472k to $529k
Homes Listed per Price Range
A visual list price spectrum representation
| $410kto$444k | $444kto$479k | $479kto$513k | $513kto$548k | $548kto$582k | |
|---|---|---|---|---|---|
| 2024 | 1 | 3 | 4 | 4 | 3 |
Sold Listings
23
Average Selling Price
$359,630
Typical Selling Price
$4k to $559k
Homes Sold per Price Range
A visual sold price spectrum representation
| $2kto$104k | $104kto$205k | $205kto$306k | $306kto$407k | $407kto$509k | $509kto$610k | |
|---|---|---|---|---|---|---|
| 2024 | 7 | 1 | 6 | 10 | ||
Average Sold Price per Sq Ft
$185
Typical Sold Price per Sq Ft
$174 to $194
Number of Homes Sold by Sold Price per Square Foot
Breaking down the market by $/SF ranges
| $1to$35 | $35to$69 | $69to$103 | $103to$137 | $137to$171 | $171to$205 | |
|---|---|---|---|---|---|---|
| 2024 | 7 | 5 | 12 | |||
Average Days to Sell
43
Typical Days to Sell
12 to 64
Days on the Market Distribution
The number of homes sold in each DOM range
| 3to30 | 30to58 | 58to85 | 85to112 | 112to140 | 140to167 | |
|---|---|---|---|---|---|---|
| 2024 | 11 | 5 | 5 | 1 | 2 | |
Average Price Reduction
1%
Typical Price Reduction
0% to 3%
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.)
| -17%to-15% | -15%to-13% | -13%to-12% | -12%to-10% | -10%to-8% | -8%to-7% | -7%to-5% | -5%to-3% | -3%to-1% | -1%to0% | 0%to2% | 2%to4% | 4%to5% | 5%to7% | 7%to8% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 23 | 5 | 6 | 7 | 1 | 3 | ||||||||
Average Discount from Original List
2%
Typical Sold Discount from Original List
1% to 5%
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
| -17%to-12% | -12%to-8% | -8%to-4% | -4%to1% | 1%to5% | 5%to9% | |
|---|---|---|---|---|---|---|
| 2024 | 1 | 5 | 11 | 7 | ||
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
| -3%to-2% | -2%to0% | 0%to1% | 1%to3% | 3%to5% | 5%to6% | |
|---|---|---|---|---|---|---|
| 2024 | 1 | 12 | 2 | 4 | 5 | |
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.
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