Is Jamaica Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jamaica Beach was a Seller's Market.
Housing Prices in Jamaica Beach, TX
How much do homes in Jamaica Beach, TX cost?
Median Sold Price
$529,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jamaica Beach was $529,000 in April 2024, down 6.2% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.9K | $277.5K | +35.4% |
2 Bedrooms | $401K | $412.2K | +2.8% |
3 Bedrooms | $559.5K | $530K | -5.3% |
4 Bedrooms | $900K | $842.5K | -6.4% |
5+ Bedrooms | $925K | $1.1M | +18.9% |
Summary: Jamaica Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
Galveston | $446.3K | $445.3K | -0.2% |
Jamaica Beach | $564K | $529K | -6.2% |
Housing Supply in Jamaica Beach, TX
How many homes are available in Jamaica Beach, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 61 | -4.7% |
Summary: The Jamaica Beach real estate market had 61 homes for sale in April 2024, a 4.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 31 | 30 | -3.2% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Jamaica Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Jamaica Beach in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jamaica Beach, TX
How long does it take to sell a home in Jamaica Beach, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 28 Days | +17.1% |
Summary: Homes in Jamaica Beach had an average of 28 days on market in Apr 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Jamaica Beach; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.