Weekly Housing Market Report – Richmond, Rosenberg, and Sugar Land, Texas – Week 11: March 10 – March 16, 2025

Richmond Housing Market Overview

Market Appreciation or Depreciation
The median closed price dropped from $400,000 in Week 10 to $368,750 in Week 11, reflecting a modest decline in weekly values.

Number of Active Listings
There were 76 properties listed as Active or Pending, down from 91 the week prior.

Median Days on Market (DOM)
DOM increased from 26.0 days to 36.0 days, suggesting slightly slower sales.

List Price Trends
The median list price declined to $382,250, compared to $410,000 in Week 10.

Seller Concessions Over $1
Percentage of Sales with Concessions: 61.9%
Minimum Concession: $650
Maximum Concession: $18,731
Median Concession: $5,500

Rosenberg Housing Market Overview

Market Appreciation or Depreciation
Prices fell from $370,490 to $339,900, showing a week-over-week correction.

Number of Active Listings
Listings dropped from 48 to 19, indicating a temporary slowdown in new activity.

Median Days on Market (DOM)
DOM rose sharply from 52.0 days to 86.0 days, signaling increased market resistance.

List Price Trends
The median list price matched the closed price at $339,900, down from $379,990.

Seller Concessions Over $1
Percentage of Sales with Concessions: 58.8%
Minimum Concession: $3,881
Maximum Concession: $16,240
Median Concession: $8,750

Sugar Land Housing Market Overview

Market Appreciation or Depreciation
Prices dropped from $480,000 in Week 10 to $391,000 in Week 11 — a notable dip.

Number of Active Listings
Listings ticked up slightly from 19 to 24.

Median Days on Market (DOM)
DOM increased modestly from 19.0 days to 22.0 days.

List Price Trends
List prices dipped from $475,000 to $449,900, mirroring the decline in closed values.

Seller Concessions Over $1
Percentage of Sales with Concessions: 36.0%
Minimum Concession: $600
Maximum Concession: $14,600
Median Concession: $3,650

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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