Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land - Week 2: January 5 - January 11, 2025

Week 2: January 5 - January 11, 2025

This week’s market update continues tracking key trends in Richmond, Rosenberg, and Sugar Land, building upon our baseline from Week 1.

Market Overview

• Active Listings:

  • Richmond: 847

  • Rosenberg: 357

  • Sugar Land: 357

• Median Sale Price:

  • Richmond: $429,000

  • Rosenberg: $290,000

  • Sugar Land: $480,000

• 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: 43 days

  • Rosenberg: 44.5 days

  • Sugar Land: 34.5 days

Seller Concessions Analysis

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

  • Richmond: 44.19%

  • Rosenberg: 60.00%

  • Sugar Land: 33.33%

• Minimum Concessions Given:

  • Richmond: $500

  • Rosenberg: $1,914

  • Sugar Land: $600

• Maximum Concessions Given:

  • Richmond: $26,820

  • Rosenberg: $18,492

  • Sugar Land: $10,000

• Median Concessions Given:

  • Richmond: $7,500

  • Rosenberg: $7,655

  • Sugar Land: $4,000

Inventory Levels (Months of Supply)

• Richmond: 4.55 months

• Rosenberg: 8.24 months

• Sugar Land: 4.58 months

Market Summary

• Richmond saw an increase in median sale price to $429,000, with 44.19% of transactions including seller concessions. The market remains balanced, with homes selling in a median of 43 days.

• Rosenberg experienced a decline in median sale price to $290,000 but still had the highest seller concessions percentage at 60.00%. Inventory levels rose, indicating a slower-moving market.

• Sugar Land recorded the highest median sale price at $480,000, though only 33.33% of transactions included seller concessions. The market remains relatively stable with a median of 34.5 days on market.

This report highlights weekly shifts in pricing, inventory, and demand. Stay tuned for next week's update as we continue tracking changes in the Richmond, Rosenberg, and Sugar Land housing markets.

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.