Is Galveston County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galveston County is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Galveston County has remained a Seller's Market.

Key Takeaway

Galveston County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Galveston County, TX cost?

Median Sold Price

$300,573

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$36,258(+13.7%)

Key Takeaway

Homes in Galveston County have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $125K$150K
+20.0%
2 $205K$244.7K
+19.4%
3 $235.1K$270.2K
+14.9%
4 $311.9K$352.4K
+13.0%
5+ $427.6K$520K
+21.6%

Median Sold Price Compared To Nearby Counties

Harris County
+16.6%
Galveston County
+13.7%
Brazoria County
+12.1%
Chambers County
-1.7%

How many homes are available in Galveston County, TX?

Number of Homes For Sale

Nov 2021Dec 2021%
1,9101,621-15.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 8667
-22.1%
2 237219
-7.6%
3 860718
-16.5%
4 583500
-14.2%
5+ 144117
-18.8%

Number of Homes Sold

Nov 2021Dec 2021%
562522-7.1%

Asking Price vs. Sold Price

246 Homes Were Sold
Under Asking

125 Homes Were Sold
At Asking

150 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galveston County, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
36 Days29 Days-19.4%

Breakdown of Home Sale Times

349 Homes Were Sold
Under 30 Days

133 Homes Were Sold
In 30 - 90 Days

39 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Galveston County are selling fast, if you're buying plan to act quickly.

About Galveston County, TX

Number of homes for sale in Galveston County, TX real estate market have reached 1,621. The number of homes for sale in Galveston County, TX decreased by 15.1% between November 2021 and December 2021. The median list price of listings available in December 2021 was $300,573, while the average time on the real estate market was 29 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 20%, the cost of 2 bedrooms properties went up by 19.4%, 3 bedrooms properties became 14.9% more expensive, the cost of 4 bedrooms properties went up by 13%, prices of 5 bedrooms properties went up by 21.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 22.1%, the quantity of 2 bedrooms homes went down by 7.6%, 3 bedrooms homes became 16.5% less available, 4 bedrooms homes became 14.2% less available, number of 5 bedrooms homes decreased by 18.8%. Over 150 listings were sold over their listed price in December 2021 in Galveston County, TX. In the same period over 246 listings were sold below the listed price and 125 listings were sold for the listed price.

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