Houston Daily

The home at 25414 Richton Falls Drive, Richmond was sold on May 12 by Ballingam Varaprasad for $341,180.

The buyer was Ramadass Puspha.

The property tax paid for this property in 2020 was $6,106. This is 1.8% of the assessed value of the home.

This property is one of 85 sales in Richmond (Fort Bend County) from April 12 to May 12.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.