Is Rosenberg-Richmond, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rosenberg-Richmond is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rosenberg-Richmond was a Seller's Market.

Key Takeaway

Rosenberg-Richmond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rosenberg-Richmond, TX

How much do homes in Rosenberg-Richmond, TX cost?

Median Sold Price

$359,088

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,452(-0.4%)

Key Takeaway

The sold price of homes in Rosenberg-Richmond has remained the same since last year.

Summary: The median home sold price in Rosenberg-Richmond was $359,088 in November 2024, down 0.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $300K$306.5K
+2.2%
3 $287K$289K
+0.7%
4 $399.9K$380.4K
-4.9%
5+ $525K$469K
-10.7%

Summary: Rosenberg-Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 10.7%.

Median Sold Price Compared To Nearby Cities

Sugar Land
+1.3%
Rosenberg-Richmond
-0.4%

Housing Supply in Rosenberg-Richmond, TX

How many homes are available in Rosenberg-Richmond, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
524548+4.6%

Summary: The Rosenberg-Richmond real estate market had 548 homes for sale in November 2024, a 4.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2934
+17.2%
3 183204
+11.5%
4 253244
-3.6%
5+ 5865
+12.1%

Summary: The Rosenberg-Richmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10371-31.1%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rosenberg-Richmond, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Rosenberg-Richmond in November 2024, down by 31.1% month-over-month. Of the 70 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
51 Days43 Days-15.9%

Summary: Homes in Rosenberg-Richmond had an average of 43 days on market in Nov 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rosenberg-Richmond are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 71 homes were sold in Rosenberg-Richmond; 51% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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