Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land - Week 5: January 26 - February 1, 2025
Week 5: January 26 - February 1, 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: $359,495
Rosenberg: $356,670
Sugar Land: $515,000
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: 23 days
Rosenberg: 47 days
Sugar Land: 20 days
Seller Concessions Analysis
Percentage of Sales with Concessions (Above $1):
Richmond: 66.67%
Rosenberg: 80.00%
Sugar Land: 26.67%
Minimum Concessions Given:
Richmond: $500
Rosenberg: $1,546
Sugar Land: $2,000
Maximum Concessions Given:
Richmond: $36,000
Rosenberg: $22,657
Sugar Land: $20,000
Median Concessions Given:
Richmond: $6,215
Rosenberg: $7,950
Sugar Land: $4,250
Inventory Levels (Months of Supply)
Richmond: 2.33 months
Rosenberg: 2.75 months
Sugar Land: 5.50 months
Market Summary
Richmond saw a median sale price of $359,495, with 66.67% of transactions including seller concessions. Homes sold in a median of 23 days, indicating strong buyer activity.
Rosenberg's median sale price increased to $356,670, with 80.00% of sales including seller concessions, showing ongoing negotiation flexibility in this market.
Sugar Land saw a sharp rise in median sale price to $515,000, with seller concessions occurring in 26.67% of sales. Homes sold in a median of 20 days, the fastest among the three cities.
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.