Is Bolivar Peninsula, 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, Bolivar Peninsula was a Seller's Market.
Key Takeaway
Bolivar Peninsula is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bolivar Peninsula, TX
How much do homes in Bolivar Peninsula, TX cost?
Median Sold Price
$481,000
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bolivar Peninsula have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Bolivar Peninsula was $481,000 in May 2024, down 8.3% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $312K | +9.5% |
| 2 Bedrooms | $355K | $341.2K | -3.9% |
| 3 Bedrooms | $529K | $470K | -11.2% |
| 4 Bedrooms | $770K | $665K | -13.6% |
| 5+ Bedrooms | $1.1M | $881.2K | -21.5% |
Summary: Bolivar Peninsula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Gilchrist | $351.3K | $560K | +59.4% |
| Texas City | $244.1K | $250.5K | +2.6% |
| Bolivar Peninsula | $524.5K | $481K | -8.3% |
| Port Bolivar | $538.3K | $485K | -9.9% |
Housing Supply in Bolivar Peninsula, TX
How many homes are available in Bolivar Peninsula, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 335 | 394 | +17.6% |
Summary: The Bolivar Peninsula real estate market had 394 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 11 | +57.1% |
| 2 Bedrooms | 52 | 55 | +5.8% |
| 3 Bedrooms | 186 | 218 | +17.2% |
| 4 Bedrooms | 72 | 85 | +18.1% |
| 5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Bolivar Peninsula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bolivar Peninsula, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Bolivar Peninsula in May 2024, down by 4.2% month-over-month. Of the 23 sold homes, 83% were sold under asking, 13% were sold at asking, and 4% were sold over asking.
Days on Market for Bolivar Peninsula, TX
How long does it take to sell a home in Bolivar Peninsula, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 103 Days | +45.3% |
Summary: Homes in Bolivar Peninsula had an average of 103 days on market in May 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bolivar Peninsula are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 23 homes were sold in Bolivar Peninsula; 22% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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