Richmond Real Estate Market Sees Home Sales Fall

Home sales in the Richmond market remained slow in this week's report as they slid 33.3% to two homes sold over the last 30 days. In comparison, nearby Houston had 1,731 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in Richmond, and for this period the median sales price slid from $190,000 to $161,100. Richmond is a definite buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.

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Demographic facts about Richmond:

  • This area has a population growth rating of 99. (Scale: 1 = Worst, 100 = Best)
  • This area has a property tax of $24.03/$1,000.
  • The commute times can range from: <15 min (32.7%), 15-29 min (29.1%), 30-44 min (21.1%), 45-59 min (7.7%), >60 min (9.3%).

Data reported through 10/12/2016


Ask a local expert about this area:
Better Homes and Gardens Gary Greene
1 review
Johnson Premier Realty
Snapped 1 home in this area
ZipRealty Inc 281-685-9326 (
Snapped 2 homes in this area

Agents that specialize in this area
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