Richmond Research, Pricing, and Statistics
Units Sold:
870
Average Sold Price:
$460,082
Average Sold Discount:
4%
Average Price Reduction:
2%
Average DOM:
56
The Richmond market area in Houston offers a diverse selection of homes, with 783 active listings ranging from $259,000 to $3,990,000. Average home prices sit around $531,271, featuring sizes from 1,250 to 11,599 square feet. With 11 builders like DR Horton and Perry Homes, there's something for everyone in this vibrant community!
Active Listings
784
Average List Price
$531,335
Typical List Price
$370k to $544k
Homes Listed per Price Range
A visual list price spectrum representation
| $259kto$446k | $446kto$632k | $632kto$819k | $819kto$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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 412 | 252 | 59 | 24 | 6 | 9 | 5 | 3 | 1 | 2 | 2 | 1 | 3 | 1 | 2 | 1 | 2 | |||
Sold Listings
870
Average Selling Price
$460,082
Typical Selling Price
$344k to $500k
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 8 | 147 | 403 | 164 | 73 | 36 | 13 | 9 | 4 | 3 | 5 | 3 | 3 | |||||||
Average Sold Price per Sq Ft
$186
Typical Sold Price per Sq Ft
$157 to $199
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 1 | 10 | 40 | 122 | 189 | 197 | 145 | 81 | 37 | 11 | 3 | 3 | 1 | 1 | 3 | 2 | 3 | ||
Average Days to Sell
56
Typical Days to Sell
8 to 76
Days on the Market Distribution
The number of homes sold in each DOM range
| to40 | 40to79 | 79to119 | 119to158 | 158to198 | 198to237 | 237to277 | 277to316 | 316to356 | 356to395 | 395to435 | 435to474 | 474to514 | 514to553 | 553to593 | 593to632 | 632to672 | 672to711 | 711to751 | 751to790 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 508 | 158 | 77 | 53 | 34 | 14 | 9 | 9 | 1 | 3 | 1 | 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.)
| -43%to-38% | -38%to-33% | -33%to-29% | -29%to-24% | -24%to-20% | -20%to-15% | -15%to-10% | -10%to-6% | -6%to-1% | -1%to3% | 3%to8% | 8%to13% | 13%to17% | 17%to22% | 22%to26% | 26%to31% | 31%to36% | 36%to40% | 40%to45% | 45%to49% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 2 | 4 | 30 | 1,630 | 393 | 68 | 16 | 8 | 1 | 1 | 1 | 1 | 2 | ||||||
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-4% | -4%to-1% | -1%to2% | 2%to5% | 5%to8% | 8%to11% | 11%to14% | 14%to17% | 17%to20% | 20%to23% | 23%to26% | 26%to29% | 29%to32% | 32%to35% | 35%to38% | 38%to40% | 40%to43% | 43%to46% | 46%to49% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 8 | 60 | 248 | 236 | 143 | 97 | 38 | 18 | 7 | 4 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | ||
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% | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 2 | 18 | 54 | 286 | 241 | 150 | 57 | 29 | 13 | 8 | 9 | 1 | 2 | ||||||
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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