Is Galveston County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Galveston County was a Seller's Market.
Key Takeaway
Galveston County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galveston County, TX
How much do homes in Galveston County, TX cost?
Median Sold Price
$340,174
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Galveston County have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Galveston County was $340,174 in April 2024, down 1.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $195K | 0.0% |
| 2 Bedrooms | $286.5K | $290K | +1.2% |
| 3 Bedrooms | $306K | $301.3K | -1.5% |
| 4 Bedrooms | $396.4K | $399.9K | +0.9% |
| 5+ Bedrooms | $593.7K | $625K | +5.3% |
Summary: Galveston County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Counties
| Chambers County | $330.8K | $358.7K | +8.4% |
| Harris County | $314.1K | $319.6K | +1.8% |
| Brazoria County | $330.7K | $330.9K | 0.1% |
| Galveston County | $344.2K | $340.1K | -1.2% |
Housing Supply in Galveston County, TX
How many homes are available in Galveston County, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,642 | 3,171 | +20.0% |
Summary: The Galveston County real estate market had 3,171 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 165 | 192 | +16.4% |
| 2 Bedrooms | 352 | 432 | +22.7% |
| 3 Bedrooms | 1,141 | 1,353 | +18.6% |
| 4 Bedrooms | 774 | 948 | +22.5% |
| 5+ Bedrooms | 210 | 246 | +17.1% |
Summary: The Galveston County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 397 | 418 | +5.3% |
Asking Price vs. Sold Price
269 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galveston County, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 418 homes were sold or pending in Galveston County in April 2024, up by 5.3% month-over-month. Of the 417 sold homes, 65% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for Galveston County, TX
How long does it take to sell a home in Galveston County, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 49 Days | -2.1% |
Summary: Homes in Galveston County had an average of 49 days on market in Apr 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
227 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
84 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galveston County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 418 homes were sold in Galveston County; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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