Weekly Housing Market Report – Richmond, Rosenberg, and Sugar Land, Texas – Week 12: March 17 – March 23, 2025
Richmond Housing Market Overview
Market Appreciation or Depreciation
Richmond’s median closed price rose to $411,441, up from $368,750 the previous week.
Number of Active Listings
There were 108 properties listed as Active or Pending, up from 76 last week.
Median Days on Market (DOM)
DOM inched up to 37.5 days, compared to 36.0 the prior week.
List Price Trends
The median list price climbed to $424,430, continuing the upward trend from $382,250.
Seller Concessions Over $1
Percentage of Sales with Concessions: 48.4%
Minimum Concession: $1,000
Maximum Concession: $24,900
Median Concession: $6,000
Rosenberg Housing Market Overview
Market Appreciation or Depreciation
The median sale price dropped to $320,000, down from $339,900.
Number of Active Listings
Rosenberg had 44 listings marked Active or Pending, nearly doubling from last week’s 19.
Median Days on Market (DOM)
DOM soared to 161.0 days, up from 86.0 days — signaling sluggish market absorption.
List Price Trends
The median list price settled at $325,000, a modest increase from last week’s $339,900.
Seller Concessions Over $1
Percentage of Sales with Concessions: 60.0%
Minimum Concession: $3,450
Maximum Concession: $20,647
Median Concession: $10,000
Sugar Land Housing Market Overview
Market Appreciation or Depreciation
Sugar Land’s median price rebounded to $452,500, up from $391,000.
Number of Active Listings
There were 33 Active or Pending listings, an increase from 24 the prior week.
Median Days on Market (DOM)
DOM moved up slightly to 29.5 days, from 22.0 in Week 11.
List Price Trends
List prices climbed to $479,000, up from $449,900.
Seller Concessions Over $1
Percentage of Sales with Concessions: 16.7%
Minimum Concession: $1,000
Maximum Concession: $14,211
Median Concession: $5,000
Legal Disclaimer
The information provided in this blog post is for informational purposes only and should not be considered financial, legal, or real estate advice. Readers are encouraged to conduct their own research and consult with a licensed real estate professional before making any property-related decisions.
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