Is Galena Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Galena Park has remained a Seller's Market.
Housing Prices in Galena Park, TX
How much do homes in Galena Park, TX cost?
Median Sold Price
$181,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Galena Park was $181,000 in March 2024, down 2.2% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $140K | $115K | -17.9% |
3 Bedrooms | $185K | $169K | -8.6% |
4 Bedrooms | $215K | $220K | +2.3% |
5+ Bedrooms | $238.7K | $205K | -14.1% |
Summary: Galena Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
Galena Park | $185K | $181K | -2.2% |
Houston | $329K | $314.7K | -4.4% |
Jacinto City | $193K | $179.9K | -6.8% |
Housing Supply in Galena Park, TX
How many homes are available in Galena Park, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Galena Park real estate market had 28 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Galena Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Galena Park in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Galena Park, TX
How long does it take to sell a home in Galena Park, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 59 Days | +43.0% |
Summary: Homes in Galena Park had an average of 59 days on market in Mar 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Galena Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.