Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land - Week 3: January 12 - January 18, 2025

Week 3: January 12 - January 18, 2025

This week’s market update tracks key trends in Richmond, Rosenberg, and Sugar Land, highlighting changes from the previous week.

Market Overview

• Active Listings:

  • Richmond: 847

  • Rosenberg: 357

  • Sugar Land: 357

• Median Sale Price:

  • Richmond: $357,000

  • Rosenberg: $354,000

  • Sugar Land: $447,500

• 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: 26 days

  • Rosenberg: 39 days

  • Sugar Land: 39 days

Seller Concessions Analysis

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

  • Richmond: 42.86%

  • Rosenberg: 60.00%

  • Sugar Land: 33.33%

• Minimum Concessions Given:

  • Richmond: $800

  • Rosenberg: $2,000

  • Sugar Land: $2,250

• Maximum Concessions Given:

  • Richmond: $20,100

  • Rosenberg: $9,744

  • Sugar Land: $11,000

• Median Concessions Given:

  • Richmond: $9,300

  • Rosenberg: $5,000

  • Sugar Land: $3,721.50

Inventory Levels (Months of Supply)

• Richmond: 3.99 months

• Rosenberg: 5.50 months

• Sugar Land: 6.87 months

Market Summary

• Richmond saw a decline in median sale price to $357,000, with 42.86% of transactions including seller concessions. Homes sold in a median of 26 days, indicating relatively strong buyer demand.

• Rosenberg's median sale price rose to $354,000, with 60.00% of sales including seller concessions. The market is stabilizing, but inventory remains higher than Richmond.

• Sugar Land saw a decline in median sale price to $447,500, though the median list price remains the highest at $515,900. Seller concessions were offered in 33.33% of sales, with homes spending a median of 39 days on the 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.