Is Gilchrist, 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, Gilchrist was a Seller's Market.
Housing Prices in Gilchrist, TX
How much do homes in Gilchrist, TX cost?
Median Sold Price
$560,000
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gilchrist was $560,000 in May 2024, up 59.4% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $274K | +15.4% |
2 Bedrooms | $292.9K | $346.1K | +18.2% |
3 Bedrooms | $512.5K | $449.9K | -12.2% |
4 Bedrooms | $1.9M | $612.7K | -68.5% |
5+ Bedrooms | $862.4K | $862.5K | 0.0% |
Summary: Gilchrist housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 68.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gilchrist | $351.3K | $560K | +59.4% |
Bolivar Peninsula | $524.5K | $481K | -8.3% |
Port Bolivar | $538.3K | $485K | -9.9% |
Housing Supply in Gilchrist, TX
How many homes are available in Gilchrist, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 48 | +29.7% |
Summary: The Gilchrist real estate market had 48 homes for sale in May 2024, a 29.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Gilchrist 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 18.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Gilchrist in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Gilchrist, TX
How long does it take to sell a home in Gilchrist, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 71 Days | +3.6% |
Summary: Homes in Gilchrist had an average of 71 days on market in May 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Gilchrist; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.