This market report is a focus on homes for sale in Richmond TX 77469. It analyzes the current real estate market situation in Richmond TX and gives an overview of the current local real estate trends.
The median list price in the real estate market for Richmond TX is currently $302,510. The price has relatively stayed the same since January. Which means the prices of homes are staying steady currently in Richmond TX. So if you're looking for a home, now might be the time to buy. With 678 properties on the real estate market, you shouldn't have a problem finding a home for sale in Richmond TX. Considering Richmond TX is a large city, 678 properties in the 77469 area is a lot. Give me a call and I can help you find the perfect home for you.
In the last month, 60 properties were sold in Richmond TX. There are currently 24 properties that are option pending. As of this week, 28% of properties have had a price reduction. Which is another reason on why it could be a great time to buy. As of right now, it is both a Seller's and Buyer's Market Advantage. If you're thinking about buying or selling a home in the Richmond TX area, it might be your time to shine.
There are the same number of properties in each price quarter, between 169-170. This really does show that the amount of properties in the market are decreasing dramatically. The homes that are in the First/Top Quarter have the most days on the market, which is not abnormal. The homes that are in the Upper/Second Quarter have the least days on the market. Their average price is $350,000.
Right now, our average for properties to stay on the real estate market is 95 days. And compared to last week, this has gone down. Also, the age of the listing homes has been averaged to 7 years. Which means you are looking at fairly new homes in the market right now. This doesn't mean that most homes are 7 years old, it means relatively the homes on the market are close to 7 years old.