Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land, Texas - Week 1: December 29, 2024 - January 4, 2025

As we launch this weekly residential real estate appraisal blog, we will provide consistent and detailed market analysis for Richmond, Rosenberg, and Sugar Land. This report serves as a baseline for tracking key housing trends moving forward.

Market Overview

• Active Listings:

  • Richmond: 847

  • Rosenberg: 357

  • Sugar Land: 357

• Median Sale Price:

  • Richmond: $419,000

  • Rosenberg: $349,990

  • Sugar Land: $466,000

• Median List Price:

  • Richmond: $449,990

  • Rosenberg: $389,990

  • Sugar Land: $515,900

• Median Days on Market (Active Listings):

  • Richmond: 35 days

  • Rosenberg: 52 days

  • Sugar Land: 30 days

• Median Days on Market (Sold Homes):

  • Richmond: 15 days

  • Rosenberg: 49 days

  • Sugar Land: 26 days

Seller Concessions Analysis

• Percentage of Sales with Concessions (Above $1):

  • Richmond: 49.02%

  • Rosenberg: 66.67%

  • Sugar Land: 29.63%

• Minimum Concessions Given:

  • Richmond: $650

  • Rosenberg: $1,921

  • Sugar Land: $1,250

• Maximum Concessions Given:

  • Richmond: $33,058

  • Rosenberg: $10,000

  • Sugar Land: $15,000

• Median Concessions Given:

  • Richmond: $8,365

  • Rosenberg: $7,364.50

  • Sugar Land: $9,250

Inventory Levels (Months of Supply)

• Richmond: 3.84 months

• Rosenberg: 4.58 months

• Sugar Land: 3.05 months

Market Summary

• Richmond had a median sale price of $419,000, with 49.02% of transactions including seller concessions. The market remains competitive, with homes selling in a median of 15 days.

• Rosenberg saw 66.67% of sales with seller concessions, the highest among the three cities, and had a median sale price of $349,990. Homes in Rosenberg took the longest to sell, with a median of 49 days.

• Sugar Land had the highest median sale price of $466,000 and the highest median list price of $515,900, though only 29.63% of sellers provided concessions. Homes sold in a median of 26 days, indicating relatively stable demand.

This report sets the foundation for tracking weekly market changes. Future updates will highlight shifts in appreciation or depreciation, active inventory, and other key indicators.

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. While every effort is made to ensure the accuracy of the data presented, market conditions fluctuate, and individual circumstances may vary. Readers are encouraged to conduct their own research and consult with a licensed real estate professional before making any property-related decisions. The author and publisher assume no responsibility for any actions taken based on the content of this blog.