Is Jamaica Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jamaica Beach has remained a Buyer's Market.
Housing Prices in Jamaica Beach, TX
How much do homes in Jamaica Beach, TX cost?
Median Sold Price
$530,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jamaica Beach was $530,000 in May 2024, down 6.5% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204.9K | $277.5K | +35.4% |
2 Bedrooms | $401K | $400K | -0.2% |
3 Bedrooms | $572.5K | $530K | -7.4% |
4 Bedrooms | $907.5K | $842.5K | -7.2% |
5+ Bedrooms | $925K | $1.1M | +18.9% |
Summary: Jamaica Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
Galveston | $449.8K | $447.3K | -0.5% |
Jamaica Beach | $567K | $530K | -6.5% |
Housing Supply in Jamaica Beach, TX
How many homes are available in Jamaica Beach, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 64 | +25.5% |
Summary: The Jamaica Beach real estate market had 64 homes for sale in May 2024, a 25.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Jamaica Beach 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 54.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Jamaica Beach in May 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Jamaica Beach, TX
How long does it take to sell a home in Jamaica Beach, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 19 Days | -54.8% |
Summary: Homes in Jamaica Beach had an average of 19 days on market in May 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Jamaica Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.