In-depth Real Estate Data: Local Markets

Richmond North Research, Pricing, and Statistics

From May 18th, 2024 through November 14th, 2024

Units Sold:

567

Average Sold Price:

$442,057

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

58

The Richmond North local market in Houston offers a diverse range of homes, with 517 active listings priced from $185,000 to $3,990,000. The average home size is 2,767 sq ft, with lots averaging 16,327 sq ft. With builders like DR Horton and Perry Homes, there's something for every buyer's budget and preference.

Active Listings

518

Average List Price

$525,217

Typical List Price

$365k to $529k

Homes Listed per Price Range

A visual list price spectrum representation

$265kto$451k$451kto$638k$638kto$824k$824kto$1.0M$1.0Mto$1.2M$1.2Mto$1.4M$1.4Mto$1.6M$1.6Mto$1.8M$1.8Mto$1.9M$1.9Mto$2.1M$2.1Mto$2.3M$2.3Mto$2.5M$2.5Mto$2.7M$2.7Mto$2.9M$2.9Mto$3.1M$3.1Mto$3.2M$3.2Mto$3.4M$3.4Mto$3.6M$3.6Mto$3.8M$3.8Mto$4.0M
20243111343116264411211212

Sold Listings

567

Average Selling Price

$442,057

Typical Selling Price

$335k to $448k

Homes Sold per Price Range

A visual sold price spectrum representation

$83kto$205k$205kto$327k$327kto$449k$449kto$570k$570kto$692k$692kto$814k$814kto$936k$936kto$1.1M$1.1Mto$1.2M$1.2Mto$1.3M$1.3Mto$1.4M$1.4Mto$1.5M$1.5Mto$1.7M$1.7Mto$1.8M$1.8Mto$1.9M$1.9Mto$2.0M$2.0Mto$2.2M$2.2Mto$2.3M$2.3Mto$2.4M$2.4Mto$2.5M
202411113147032137631433

Average Sold Price per Sq Ft

$185

Typical Sold Price per Sq Ft

$157 to $194

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$72to$87$87to$103$103to$119$119to$134$134to$150$150to$166$166to$181$181to$197$197to$213$213to$228$228to$244$244to$260$260to$275$275to$291$291to$307$307to$322$322to$338$338to$354$354to$369$369to$385
20241827941191389642144311323

Average Days to Sell

58

Typical Days to Sell

8 to 82

Days on the Market Distribution

The number of homes sold in each DOM range

to4040to7979to119119to158158to198198to237237to277277to316316to356356to395395to435435to474474to514514to553553to593593to632632to672672to711711to751751to790
20243309254372810481112

Average Price Reduction

2%

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.)

-25%to-22%-22%to-19%-19%to-15%-15%to-12%-12%to-9%-9%to-6%-6%to-2%-2%to1%1%to4%4%to8%8%to11%11%to14%14%to18%18%to21%21%to24%24%to28%28%to31%31%to34%34%to37%37%to41%
202421128322991535611851112

Average Discount from Original List

4%

Typical Sold Discount from Original List

1% to 7%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-10%to-7%-7%to-5%-5%to-2%-2%to1%1%to3%3%to6%6%to9%9%to11%11%to14%14%to16%16%to19%19%to22%22%to24%24%to27%27%to29%29%to32%32%to35%35%to37%37%to40%40%to43%
20241222120133124774619931411112

Average Discount from Last List

2%

Typical Sold Discount from Last List

0% to 4%

Negotiated Disocunts from Final List Price

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

-10%to-8%-8%to-5%-5%to-3%-3%to-1%-1%to1%1%to3%3%to6%6%to8%8%to10%10%to12%12%to14%14%to17%17%to19%19%to21%21%to23%23%to25%25%to28%28%to30%30%to32%32%to34%
202411113518916110536163532

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.