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 neutral's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Galveston County was a Seller's Market.

Key Takeaway

Galveston County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Galveston County, TX cost?

Median Sold Price

$343,917

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$42,993(+14.3%)

Key Takeaway

Homes in Galveston County have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $150K$191K
+27.3%
2 $245K$289.9K
+18.3%
3 $270.1K$307.8K
+14.0%
4 $351.7K$396.5K
+12.7%
5+ $519K$599K
+15.4%

Median Sold Price Compared To Nearby Counties

Chambers County
+15.4%
Galveston County
+14.3%
Brazoria County
+13.2%
Harris County
+10.2%

How many homes are available in Galveston County, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
1,8281,777-2.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 8185
+4.9%
2 234225
-3.8%
3 844822
-2.6%
4 537505
-6.0%
5+ 132140
+6.1%

Number of Homes Sold

Nov 2022Dec 2022%
360270-25.0%

Asking Price vs. Sold Price

166 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

47 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. 61.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
31 Days41 Days+32.1%

Breakdown of Home Sale Times

159 Homes Were Sold
Under 30 Days

73 Homes Were Sold
In 30 - 90 Days

36 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Galveston County, TX

There are 1,777 homes are for sale in Galveston County, TX real estate market. The number of listings in Galveston County, TX decreased by 2.8% between November 2022 and December 2022. While the average time on the market in December 2022 was 41 days, the median list price was $343,917. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 27.3%, prices of 2 bedrooms properties increased by 18.3%, 3 bedrooms properties became 14% more expensive, prices of 4 bedrooms properties went up by 12.7%, prices of 5 bedrooms properties increased by 15.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 4.9%, number of 2 bedrooms homes decreased by 3.8%, number of 3 bedrooms homes decreased by 2.6%, 4 bedrooms homes inventory decreased by 6%, 5 bedrooms homes inventory increased by 6.1%. Over 47 listings were sold over their listed price in December 2022 in Galveston County, TX. In the same period over 166 listings were sold below the listed price and 55 listings were sold for the listed price.

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