$105,000
3.47 Acres
Land
Laura Cooper, Listing Office: eXp Realty LLC
Is Richwood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richwood was a Buyer'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
$267,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$500(-0.2%)
Key Takeaway
The sold price of homes in Richwood has remained the same since last year.
Summary: The median home sold price in Richwood was $267,500 in November 2024, down 0.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $163.5K | - | N/A |
| 3 Bedrooms | $263.4K | $259.4K | -1.5% |
| 4 Bedrooms | $285K | $455K | +59.6% |
| 5+ Bedrooms | $508.5K | $340K | -33.1% |
Summary: Richwood housing prices by bedroom type for November 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 decreased by 1.5%, 4 bedroom homes increased by 59.6%, and 5+ bedroom homes decreased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Clute | $275K | $282K | +2.5% |
| Lake Jackson | $260.6K | $265.6K | +1.9% |
| Richwood | $268K | $267.5K | -0.2% |
| Brazosport | $260.4K | $259.9K | -0.2% |
Housing Supply in Richwood, TX
How many homes are available in Richwood, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Richwood real estate market had 19 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Richwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Richwood in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | +3.6% |
Summary: Homes in Richwood had an average of 14 days on market in Nov 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 4 homes were sold in Richwood; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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