Is Galindo, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Galindo was a Seller's Market.
Housing Prices in Galindo, TX
How much do homes in Galindo, TX cost?
Median Sold Price
$789,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Galindo was $789,000 in May 2024, up 11.3% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $431.5K | $419.5K | -2.8% |
2 Bedrooms | $622.5K | $639K | +2.7% |
3 Bedrooms | $790K | $800K | +1.3% |
4 Bedrooms | $1.4M | $1.3M | -7.6% |
5+ Bedrooms | $732.5K | $1.4M | +94.2% |
Summary: Galindo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 94.2%.
Housing Supply in Galindo, TX
How many homes are available in Galindo, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 46 | +43.8% |
Summary: The Galindo real estate market had 46 homes for sale in May 2024, a 43.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 13 | 21 | +61.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Galindo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 61.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Galindo in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Galindo, TX
How long does it take to sell a home in Galindo, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 102 Days | +121.3% |
Summary: Homes in Galindo had an average of 102 days on market in May 2024, up by 121.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Galindo; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.