Is Sugar Land, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$441,938
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sugar Land was $441,938 in April 2024, up 5.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.7K | $262.2K | -0.6% |
2 Bedrooms | $240K | $257.5K | +7.3% |
3 Bedrooms | $327.7K | $326.6K | -0.3% |
4 Bedrooms | $459.4K | $482.2K | +5.0% |
5+ Bedrooms | $687.5K | $742.5K | +8.0% |
Summary: Sugar Land housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Missouri City | $332.2K | $360.9K | +8.6% |
Meadows Place | $282K | $300K | +6.4% |
Sugar Land | $420.6K | $441.9K | +5.1% |
Rosenberg-Richmond | $340K | $344.8K | +1.4% |
Stafford | $292.4K | $285K | -2.5% |
Housing Supply in Sugar Land, TX
How many homes are available in Sugar Land, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
425 | 517 | +21.6% |
Summary: The Sugar Land real estate market had 517 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 127 | 146 | +15.0% |
4 Bedrooms | 199 | 241 | +21.1% |
5+ Bedrooms | 78 | 106 | +35.9% |
Summary: The Sugar Land housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 35.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 119 | +7.2% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Sugar Land in April 2024, up by 7.2% month-over-month. Of the 119 sold homes, 65% were sold under asking, 14% were sold at asking, and 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | +1.2% |
Summary: Homes in Sugar Land had an average of 31 days on market in Apr 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 119 homes were sold in Sugar Land; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.