Looking to buy or sell in Sugar Land? The Median Sold Price is currently at $445,000, and the List to Sold Price percentage is at 98.4%. These are great indicators of a strong market for both buyers and sellers. Let’s work together to achieve your real estate goals.
MARKET TRENDS ANALYSIS:
As we analyze the real estate metrics in the Sugar Land market, we can see that the months supply of inventory is currently at 1.14. This means that if no new homes were listed, it would take just over a month to sell all of the existing homes on the market. Looking at the 12-month change in months of inventory, we can see that it has increased by 12.87%. This indicates that there are more homes on the market now than there were a year ago.
Despite the increase in inventory, the median days that homes are on the market is only 14. This means that homes are selling quickly, which is likely due to the list to sold price percentage of 98.4%. This percentage indicates that homes are selling for very close to their asking price, which is a great sign for sellers.
Finally, the median sold price in this market is $445,000. This is a solid price point and shows that there are buyers willing to pay a fair price for homes in this area.
Overall, we can see that this market is currently experiencing a slight increase in inventory, but homes are still selling quickly and for close to their asking price. This is a great balance for both buyers and sellers, as buyers can find homes quickly and sellers can expect to receive a fair price for their property.
We hope you have learned something today about the market updates and trends at Sugar Land. If you have any questions, reach out to our Houston Suburb Group, and our expert REALTOR® is here if you need help with the market trends and updates in Sugar Land, so you can get ready to EXPERIENCE LIVING IN HOUSTON, TEXAS!
Source: RPR
Jeanette San Luis is a blog contributor, a double degree major in BS Chemical Engineering and BS Nursing, and graduated Magna Cum Laude and Summa Cum Laude respectively. She has won numerous accolades and was named one of Houston Chronicles TOP 150 Outstanding Nurses in 2016 and 2019. In her dual role as a REALTOR®, she empathizes and understands the needs of her clients; therefore, you are in very good hands.
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