The past couple of weeks has been fairly regular for Rosenberg!
The median list price for a property has been $170K and the average list price has been $261K. There are currently 156 properties on the Market in Rosenberg. With the market staying the same in Rosenberg, it's not giving a good outlook for the future of the homes. Home sales have been exceeding new inventory for several weeks. They call the Rosenberg's Market a buyers market! Because this is a Buyer's Market, the prices have been fairly low. But experts say that the market is moving towards a Seller's Market, which means in a couple of months, the prices of homes will go up dramatically.
The most expensive properties have been on the market for an average of 159 days. But the lower-middle priced properties have been on the market for an average of 70 days. This lets us know, that the lower priced properties are going first.
The average days on the market for all properties is 112 days. And the most expensive listing is $6,500,000 while the least expensive listing is $57,500. That's a VERY large gap. The amount of properties that have decreased their prices in order to compete with the other properties is over 25%. This market is definitely a Buyer's Market.
The amount of houses that have been bought and flipped is almost 20%!
Just a couple of things I found interesting about the Real Estate Market in Rosenberg, TX!