$3,563 Closing Credit*
$300,000
1,424 SqFt
3 Beds
•2 Full Baths
Chris Gordon-Garza, Listing Office: McCallum Realty
Is Galena Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Galena Park was a Neutral Market.
Key Takeaway
Galena Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galena Park, TX
How much do homes in Galena Park, TX cost?
Median Sold Price
$180,000
$124/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$10,000(-5.3%)
Key Takeaway
Homes in Galena Park have sold for 5.3% less than they did a month ago.
Summary: The median home sold price in Galena Park was $180,000 in August 2024, down 5.3% from last month, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | - | N/A |
| 3 Bedrooms | $196.5K | $180K | -8.4% |
| 4 Bedrooms | $215K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Galena Park housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Galena Park, TX
How many homes are available in Galena Park, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Galena Park real estate market had 29 homes for sale in August 2024, a 16.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Galena Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galena Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Galena Park in August 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 73 Days | +129.7% |
Summary: Homes in Galena Park had an average of 73 days on market in Aug 2024, up by 129.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Galena Park are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Galena Park; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.