Is Rosenberg-Richmond, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rosenberg-Richmond has remained a Seller's Market.
Key Takeaway
Rosenberg-Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rosenberg-Richmond, TX
How much do homes in Rosenberg-Richmond, TX cost?
Median Sold Price
$349,899
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rosenberg-Richmond have sold for 2% more than they did a year ago.
Summary: The median home sold price in Rosenberg-Richmond was $349,899 in May 2024, up 2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320.5K | - | N/A |
| 2 Bedrooms | $300K | $305K | +1.7% |
| 3 Bedrooms | $277.4K | $289.4K | +4.3% |
| 4 Bedrooms | $385.7K | $389K | +0.8% |
| 5+ Bedrooms | $470K | $479.5K | +2.0% |
Summary: Rosenberg-Richmond housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Sugar Land | $426.7K | $441.9K | +3.6% |
| Rosenberg-Richmond | $342.9K | $349.8K | +2.0% |
Housing Supply in Rosenberg-Richmond, TX
How many homes are available in Rosenberg-Richmond, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 482 | 554 | +14.9% |
Summary: The Rosenberg-Richmond real estate market had 554 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 34 | 33 | -2.9% |
| 3 Bedrooms | 146 | 178 | +21.9% |
| 4 Bedrooms | 223 | 261 | +17.0% |
| 5+ Bedrooms | 79 | 82 | +3.8% |
Summary: The Rosenberg-Richmond housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 107 | +2.9% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosenberg-Richmond, you may be able to get a good deal. 72.9% of homes here sold below asking price last month.
Summary: A total of 107 homes were sold or pending in Rosenberg-Richmond in May 2024, up by 2.9% month-over-month. Of the 107 sold homes, 73% were sold under asking, 21% were sold at asking, and 7% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | +1.9% |
Summary: Homes in Rosenberg-Richmond had an average of 42 days on market in May 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosenberg-Richmond are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 107 homes were sold in Rosenberg-Richmond; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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