Richmond Research, Pricing, and Statistics
Units Sold:
1,415
Average Sold Price:
$336,815
Average Sold Discount:
4%
Average Price Reduction:
2%
Average DOM:
51
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
730
Average List Price
$529,191
Typical List Price
$365k to $537k
Homes Listed per Price Range
A visual list price spectrum representation
| $185kto$375k | $375kto$566k | $566kto$756k | $756kto$946k | $946kto$1.1M | $1.1Mto$1.3M | $1.3Mto$1.5M | $1.5Mto$1.7M | $1.7Mto$1.9M | $1.9Mto$2.1M | $2.1Mto$2.3M | $2.3Mto$2.5M | $2.5Mto$2.7M | $2.7Mto$2.8M | $2.8Mto$3.0M | $3.0Mto$3.2M | $3.2Mto$3.4M | $3.4Mto$3.6M | $3.6Mto$3.8M | $3.8Mto$4.0M | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 234 | 341 | 84 | 29 | 9 | 9 | 7 | 1 | 3 | 3 | 2 | 1 | 1 | 3 | 1 | 1 | 2 | |||
Sold Listings
1,415
Average Selling Price
$336,815
Typical Selling Price
$3k to $450k
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1,388 | 22 | 3 | 1 | 2 | |||||||||||||||
Average Sold Price per Sq Ft
$188
Typical Sold Price per Sq Ft
$155 to $201
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 425 | 1 | 25 | 346 | 478 | 91 | 9 | 7 | 2 | 3 | 2 | |||||||||
Average Days to Sell
51
Typical Days to Sell
11 to 65
Days on the Market Distribution
The number of homes sold in each DOM range
| to67 | 67to135 | 135to202 | 202to270 | 270to337 | 337to405 | 405to472 | 472to540 | 540to607 | 607to675 | 675to742 | 742to809 | 809to877 | 877to944 | 944to1,012 | 1,012to1,079 | 1,079to1,147 | 1,147to1,214 | 1,214to1,282 | 1,282to1,349 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1,074 | 224 | 72 | 22 | 16 | 2 | 2 | 1 | 1 | 2 | ||||||||||
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.)
| -46%to-41% | -41%to-37% | -37%to-32% | -32%to-27% | -27%to-22% | -22%to-17% | -17%to-13% | -13%to-8% | -8%to-3% | -3%to2% | 2%to6% | 6%to11% | 11%to16% | 16%to21% | 21%to25% | 25%to30% | 30%to35% | 35%to40% | 40%to45% | 45%to49% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | 3 | 2 | 3 | 18 | 1,840 | 769 | 251 | 46 | 17 | 4 | 1 | 1 | 1 | 1 | 3 | ||||
Average Discount from Original List
4%
Typical Sold Discount from Original List
0% to 6%
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
| -18%to-14% | -14%to-11% | -11%to-8% | -8%to-4% | -4%to-1% | -1%to2% | 2%to6% | 6%to9% | 9%to12% | 12%to16% | 16%to19% | 19%to22% | 22%to26% | 26%to29% | 29%to33% | 33%to36% | 36%to39% | 39%to43% | 43%to46% | 46%to49% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | 1 | 4 | 7 | 64 | 588 | 354 | 219 | 89 | 36 | 26 | 9 | 6 | 1 | 1 | 1 | 2 | 1 | 1 | 2 |
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
| -18%to-16% | -16%to-14% | -14%to-12% | -12%to-10% | -10%to-8% | -8%to-6% | -6%to-4% | -4%to-2% | -2%to0% | 0%to2% | 2%to5% | 5%to7% | 7%to9% | 9%to11% | 11%to13% | 13%to15% | 15%to17% | 17%to19% | 19%to21% | 21%to23% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 1 | 1 | 4 | 14 | 41 | 618 | 272 | 245 | 99 | 47 | 31 | 11 | 10 | 12 | 5 | 1 | 3 | ||
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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