Richmond TX Real Estate: March

Real Estate Market Report:

This real estate 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 $305,000. 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 784 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, 784 properties in the 77406 area is a lot. Give me a call and I can help you find the perfect home for you. 

In the last month, 61 properties were sold in Richmond TX. There are currently 17 properties that are option pending. As of this week, 27% 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: 196. 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 $357,060.  

Right now, our average for properties to stay on the real estate market is 91 days. And compared to last week, this has gone down. Also, the age of the listing homes has been averaged to 6 years. Which means you are looking at fairly new homes in the market right now. This doesn't mean that most homes are 6 years old, it means relatively the homes on the market are close to 6 years old. 

The highest listing price in Richmond TX listed is $4,700,000. Which is very different compared to the homes for sale Sugar Land TX! And the least expensive home is $52,500.  

Interested in neighborhoods in the Richmond TX area? Check out my posts on the Neighborhood of Aliana TX. Interested in other areas around Richmond TX? Check out my website on areas near the Richmond TX area. 

Here is your weekly Richmond TX Real Estate Market Report provided by Joy Roussell! 
If you are interested in any homes for sale in the Richmond TX area, give me a call at 713-898-3868 or email me.