Richmond Market Report
$592,351
AVERAGE PRICE OF 865 HOMES$350,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$2,286,019
AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES$544,407
AVERAGE PRICE OF 278 NEWLY BUILT HOMES$977,105
AVERAGE PRICE OF 70 HOMES WITH A POOL$631,456
AVERAGE PRICE OF 48 REDUCED PRICE HOMESAverage Home
| Average Price | $592,351 |
| Avg Bedrooms | 3.61 beds |
| Avg Bathrooms | 3.1 baths |
Average Price by Bedrooms
| 2 bedrooms | $399,837 |
| 3 bedrooms | $376,370 |
| 4 bedrooms | $527,128 |
| 5 bedrooms | $661,002 |
Richmond Home Price Trends
| 5/2023 | 4/2023 | 3/2023 | 2/2023 | 1/2023 | |
|---|---|---|---|---|---|
| Total Listings | 871 | 853 | 868 | 862 | 843 |
| Average Price | $588,407 | $576,211 | $571,052 | $569,658 | $571,882 |
| Avg Price Change | +2.12% | +0.90% | +0.24% | -0.39% | +1.56% |
| Median Price | $465,430 | $458,257 | $453,741 | $453,659 | $441,744 |
| Med Price Change | +1.57% | +1.00% | +0.02% | +2.70% | +0.76% |
| Avg Bedrooms | 3.61 beds | 3.57 beds | 3.61 beds | 3.63 beds | 3.63 beds |
| Avg Bathrooms | 3.09 baths | 3.04 baths | 3.06 baths | 3.07 baths | 3.03 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Bush High School | 114 | $435,471 | 64 days |
| Foster High School | 234 | $705,208 | 86 days |
| George Ranch High School | 112 | $761,590 | 96 days |
| Lamar Consolidated High School | 155 | $494,847 | 90 days |
| Travis High School (fort Bend) | 107 | $543,470 | 46 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 865 | $592,351 | 74 days |
| Distressed Homes | 1 | $350,000 | 100 days |
| Multi-Million Dollar Homes | 57 | $2,286,019 | 159 days |
| Newly Built Homes | 278 | $544,407 | 86 days |
| Homes with a Pool | 70 | $977,105 | 60 days |
| Reduced Price Homes | 48 | $631,456 | 54 days |
