Weekly Housing Market Report - Richmond, Rosenberg, and Sugar Land - Week 9: February 23 - March 1, 2025
Week 9: February 23 - March 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: $366,500
Rosenberg: $348,495
Sugar Land: $485,000
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: 22 days
Rosenberg: 45.5 days
Sugar Land: 59 days
Seller Concessions Analysis
Percentage of Sales with Concessions (Above $1):
Richmond: 47.30%
Rosenberg: 87.50%
Sugar Land: 47.06%
Minimum Concessions Given:
Richmond: $550
Rosenberg: $1,500
Sugar Land: $200
Maximum Concessions Given:
Richmond: $32,400
Rosenberg: $21,420
Sugar Land: $15,500
Median Concessions Given:
Richmond: $7,861
Rosenberg: $9,346.50
Sugar Land: $8,750
Inventory Levels (Months of Supply)
Richmond: 2.64 months
Rosenberg: 2.58 months
Sugar Land: 4.85 months
Market Summary
Richmond saw a median sale price of $366,500, with 47.30% of transactions including seller concessions. Homes sold in a median of 22 days, indicating a strong seller’s market.
Rosenberg's median sale price was $348,495, with 87.50% of sales including seller concessions, reflecting a highly negotiable market for buyers.
Sugar Land saw a median sale price of $485,000, with seller concessions occurring in 47.06% of sales. Homes spent a median of 59 days on the market, indicating a slower-paced 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.
