Is Sugar Land, 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, 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
$441,936
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sugar Land was $441,936 in May 2024, up 3.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $262.2K | -2.9% |
2 Bedrooms | $240K | $247.5K | +3.1% |
3 Bedrooms | $326.6K | $327.8K | 0.4% |
4 Bedrooms | $465K | $483.8K | +4.0% |
5+ Bedrooms | $687.9K | $731K | +6.3% |
Summary: Sugar Land housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Meadows Place | $283.5K | $300K | +5.8% |
Missouri City | $349K | $364.3K | +4.4% |
Sugar Land | $426.7K | $441.9K | +3.6% |
Rosenberg-Richmond | $342.9K | $349.8K | +2.0% |
Stafford | $295K | $292.5K | -0.8% |
Housing Supply in Sugar Land, TX
How many homes are available in Sugar Land, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
473 | 569 | +20.3% |
Summary: The Sugar Land real estate market had 569 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 21 | 31 | +47.6% |
3 Bedrooms | 140 | 163 | +16.4% |
4 Bedrooms | 218 | 253 | +16.1% |
5+ Bedrooms | 91 | 117 | +28.6% |
Summary: The Sugar Land housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 140 | +11.1% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Sugar Land in May 2024, up by 11.1% month-over-month. Of the 140 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 25 Days | -4.4% |
Summary: Homes in Sugar Land had an average of 25 days on market in May 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 140 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.