Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land - Week 4: January 19 - January 25, 2025
Week 4: January 19 - January 25, 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: $375,000
Rosenberg: $292,990
Sugar Land: $428,750
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: 38.5 days
Rosenberg: 42 days
Sugar Land: 39.5 days
Seller Concessions Analysis
Percentage of Sales with Concessions (Above $1):
Richmond: 64.71%
Rosenberg: 88.89%
Sugar Land: 35.71%
Minimum Concessions Given:
Richmond: $100
Rosenberg: $2,346
Sugar Land: $1,000
Maximum Concessions Given:
Richmond: $22,020
Rosenberg: $20,479
Sugar Land: $5,000
Median Concessions Given:
Richmond: $5,550
Rosenberg: $6,304.50
Sugar Land: $3,000
Inventory Levels (Months of Supply)
Richmond: 5.75 months
Rosenberg: 9.16 months
Sugar Land: 5.89 months
Market Summary
Richmond saw a median sale price increase to $375,000, with 64.71% of transactions including seller concessions. Homes sold in a median of 38.5 days.
Rosenberg's median sale price declined to $292,990, though 88.89% of sales included seller concessions, the highest among the three cities. The market is shifting towards buyers with increased inventory.
Sugar Land saw a decline in median sale price to $428,750, with seller concessions occurring in 35.71% of sales. Homes spent a median of 39.5 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.
