Is Sugar Land, 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, Sugar Land has remained a Seller's Market.
Housing Prices in Sugar Land, TX
How much do homes in Sugar Land, TX cost?
Median Sold Price
$433,575
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sugar Land was $433,575 in March 2024, up 2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $262.2K | +4.9% |
2 Bedrooms | $245K | $252.5K | +3.1% |
3 Bedrooms | $327.2K | $326.5K | -0.2% |
4 Bedrooms | $468.3K | $470.5K | 0.5% |
5+ Bedrooms | $720.5K | $730K | +1.3% |
Summary: Sugar Land housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Missouri City | $328.2K | $359.2K | +9.4% |
Sugar Land | $425K | $433.5K | +2.0% |
Rosenberg-Richmond | $342.9K | $343.7K | 0.2% |
Stafford | $292K | $289K | -1.0% |
Housing Supply in Sugar Land, TX
How many homes are available in Sugar Land, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
407 | 470 | +15.5% |
Summary: The Sugar Land real estate market had 470 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 116 | 142 | +22.4% |
4 Bedrooms | 188 | 211 | +12.2% |
5+ Bedrooms | 79 | 88 | +11.4% |
Summary: The Sugar Land 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 22.7%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 104 | 0.0% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in Sugar Land in March 2024, the same as the previous month. Of the 104 sold homes, 63% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Sugar Land, TX
How long does it take to sell a home in Sugar Land, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 24 Days | -28.9% |
Summary: Homes in Sugar Land had an average of 24 days on market in Mar 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 104 homes were sold in Sugar Land; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.