$57,000
0.14 Acres
Land
Suzanne Chapman, Listing Office: Hamilton Real Estate
Is Bolivar Peninsula, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bolivar Peninsula was a Neutral 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
$464,750
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,250(-8.9%)
Key Takeaway
Homes in Bolivar Peninsula have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Bolivar Peninsula was $464,750 in October 2024, down 8.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $316K | $220K | -30.4% |
| 2 Bedrooms | $340K | $314.5K | -7.5% |
| 3 Bedrooms | $513.5K | $448.8K | -12.6% |
| 4 Bedrooms | $680K | $623.5K | -8.3% |
| 5+ Bedrooms | $950K | $862.5K | -9.2% |
Summary: Bolivar Peninsula housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Gilchrist | $344.5K | $462.5K | +34.3% |
| Texas City | $245.7K | $260K | +5.8% |
| Bolivar Peninsula | $510K | $464.7K | -8.9% |
| Port Bolivar | $520K | $468.5K | -9.9% |
Housing Supply in Bolivar Peninsula, TX
How many homes are available in Bolivar Peninsula, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 330 | 358 | +8.5% |
Summary: The Bolivar Peninsula real estate market had 358 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 51 | 62 | +21.6% |
| 3 Bedrooms | 176 | 188 | +6.8% |
| 4 Bedrooms | 74 | 75 | +1.4% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Bolivar Peninsula housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bolivar Peninsula, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bolivar Peninsula in October 2024, down by 26.1% month-over-month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 108 Days | +45.1% |
Summary: Homes in Bolivar Peninsula had an average of 108 days on market in Oct 2024, up by 45.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 17 homes were sold in Bolivar Peninsula; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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