Is Rosenberg-Richmond, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rosenberg-Richmond has remained a Seller's Market.
Housing Prices in Rosenberg-Richmond, TX
How much do homes in Rosenberg-Richmond, TX cost?
Median Sold Price
$343,716
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rosenberg-Richmond was $343,716 in March 2024, up 0.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278K | - | N/A |
2 Bedrooms | $297.2K | $305K | +2.6% |
3 Bedrooms | $275K | $288.5K | +4.9% |
4 Bedrooms | $384.1K | $388.1K | +1.1% |
5+ Bedrooms | $485.3K | $482K | -0.7% |
Summary: Rosenberg-Richmond housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Sugar Land | $425K | $433.5K | +2.0% |
Rosenberg-Richmond | $342.9K | $343.7K | 0.2% |
Housing Supply in Rosenberg-Richmond, TX
How many homes are available in Rosenberg-Richmond, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
367 | 425 | +15.8% |
Summary: The Rosenberg-Richmond real estate market had 425 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 39 | +30.0% |
3 Bedrooms | 107 | 128 | +19.6% |
4 Bedrooms | 170 | 192 | +12.9% |
5+ Bedrooms | 60 | 66 | +10.0% |
Summary: The Rosenberg-Richmond housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 78 | +13.0% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Rosenberg-Richmond in March 2024, up by 13.0% month-over-month. Of the 78 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.
Days on Market for Rosenberg-Richmond, TX
How long does it take to sell a home in Rosenberg-Richmond, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 45 Days | -16.6% |
Summary: Homes in Rosenberg-Richmond had an average of 45 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in Rosenberg-Richmond; 49% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.