In-depth Real Estate Data: Major Markets

Richmond Research, Pricing, and Statistics

From July 26th, 2024 through January 22nd, 2025

Units Sold:

760

Average Sold Price:

$384,690

Average Sold Discount:

4%

Average Price Reduction:

2%

Average DOM:

55

The Richmond market area in Houston offers a diverse range of homes, with 728 active listings averaging $528,981. Home sizes vary from 977 to 11,599 sq ft, while lot sizes range from 2,825 to 939,589 sq ft. With properties built between 2007 and 2022, it's a great time to buy or sell in this vibrant community!

Active Listings

718

Average List Price

$529,287

Typical List Price

$365k to $550k

Homes Listed per Price Range

A visual list price spectrum representation

$255kto$442k$442kto$629k$629kto$815k$815kto$1.0M$1.0Mto$1.2M$1.2Mto$1.4M$1.4Mto$1.6M$1.6Mto$1.7M$1.7Mto$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
202536423759248742211222112

Sold Listings

760

Average Selling Price

$384,690

Typical Selling Price

$280k to $461k

Homes Sold per Price Range

A visual sold price spectrum representation

$2kto$999k$999kto$2.0M$2.0Mto$3.0M$3.0Mto$4.0M$4.0Mto$5.0M$5.0Mto$6.0M$6.0Mto$7.0M$7.0Mto$8.0M$8.0Mto$9.0M$9.0Mto$10.0M$10.0Mto$11.0M$11.0Mto$12.0M$12.0Mto$13.0M$13.0Mto$14.0M$14.0Mto$15.0M$15.0Mto$16.0M$16.0Mto$17.0M$17.0Mto$18.0M$18.0Mto$19.0M$19.0Mto$20.0M
2025745111112

Average Sold Price per Sq Ft

$188

Typical Sold Price per Sq Ft

$157 to $200

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$1to$41$41to$82$82to$123$123to$163$163to$204$204to$244$244to$285$285to$326$326to$366$366to$407$407to$448$448to$488$488to$529$529to$569$569to$610$610to$651$651to$691$691to$732$732to$773$773to$813
20251682421927639852212

Average Days to Sell

55

Typical Days to Sell

14 to 74

Days on the Market Distribution

The number of homes sold in each DOM range

to6767to135135to202202to270270to337337to405405to472472to540540to607607to675675to742742to809809to877877to944944to1,0121,012to1,0791,079to1,1471,147to1,2141,214to1,2821,282to1,349
20255451563988212

Average Price Reduction

2%

Typical Price Reduction

0% to 4%

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.)

-21%to-19%-19%to-17%-17%to-15%-15%to-13%-13%to-11%-11%to-9%-9%to-7%-7%to-5%-5%to-2%-2%to0%0%to2%2%to4%4%to6%6%to8%8%to10%10%to12%12%to15%15%to17%17%to19%19%to21%
20251112211266631569965522514318

Average Discount from Original List

4%

Typical Sold Discount from Original List

0% to 7%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-9%to-6%-6%to-3%-3%to0%0%to3%3%to6%6%to9%9%to12%12%to15%15%to17%17%to20%20%to23%23%to26%26%to29%29%to32%32%to35%35%to38%38%to41%41%to44%44%to46%46%to49%
202537198157172111473012102321112

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

-9%to-7%-7%to-6%-6%to-5%-5%to-3%-3%to-2%-2%to0%0%to1%1%to2%2%to4%4%to5%5%to6%6%to8%8%to9%9%to10%10%to12%12%to13%13%to15%15%to16%16%to17%17%to19%
202521812272931301085744271313455435

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.