$69,000
2.19 Acres
Land
Lucy Ware, Listing Office: Birdsong Real Estate
Is Richwood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Richwood has remained a Seller's Market.
Key Takeaway
Richwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richwood, TX
How much do homes in Richwood, TX cost?
Median Sold Price
$270,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+2.9%)
Key Takeaway
Homes in Richwood have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Richwood was $270,000 in October 2024, up 2.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $163.5K | - | N/A |
| 3 Bedrooms | $257K | $259.4K | +1.0% |
| 4 Bedrooms | $285K | $570K | +100.0% |
| 5+ Bedrooms | $508.5K | $340K | -33.1% |
Summary: Richwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Richwood | $262.5K | $270K | +2.9% |
| Lake Jackson | $260K | $266.3K | +2.4% |
| Clute | $275K | $275K | 0.0% |
| Brazosport | $263.3K | $259.9K | -1.3% |
Housing Supply in Richwood, TX
How many homes are available in Richwood, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Richwood real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Richwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Richwood in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Richwood, TX
How long does it take to sell a home in Richwood, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 27 Days | -46.3% |
Summary: Homes in Richwood had an average of 27 days on market in Oct 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Richwood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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