$1,900 Closing Credit*
$160,000
620 SqFt
1 Bed
•1 Full Bath
David Bowers, Listing Office: Better Homes and Gardens Real Estate Gary Greene-Gary Greene-Galveston Intown
Is Galveston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Galveston was a Seller's Market.
Key Takeaway
Galveston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galveston, TX
How much do homes in Galveston, TX cost?
Median Sold Price
$429,400
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,716(-5.2%)
Key Takeaway
Homes in Galveston have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Galveston was $429,400 in November 2024, down 5.2% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195.2K | $182.7K | -6.4% |
| 2 Bedrooms | $339K | $309K | -8.8% |
| 3 Bedrooms | $521.1K | $489.5K | -6.1% |
| 4 Bedrooms | $760K | $748.5K | -1.5% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.7% |
Summary: Galveston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Jamaica Beach | $535K | $530K | -0.9% |
| Galveston | $453.1K | $429.4K | -5.2% |
Housing Supply in Galveston, TX
How many homes are available in Galveston, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 976 | 1,113 | +14.0% |
Summary: The Galveston real estate market had 1,113 homes for sale in November 2024, a 14.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 146 | 161 | +10.3% |
| 2 Bedrooms | 217 | 244 | +12.4% |
| 3 Bedrooms | 356 | 414 | +16.3% |
| 4 Bedrooms | 184 | 212 | +15.2% |
| 5+ Bedrooms | 73 | 82 | +12.3% |
Summary: The Galveston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 52 | -16.1% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Galveston, you may be able to get a good deal. 94.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Galveston in November 2024, down by 16.1% month-over-month. Of the 52 sold homes, 94% were sold under asking, 4% were sold at asking, and 2% were sold over asking.
Days on Market for Galveston, TX
How long does it take to sell a home in Galveston, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 79 Days | +32.9% |
Summary: Homes in Galveston had an average of 79 days on market in Nov 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Galveston has remained consistent over time.
Summary: During November 2024, 52 homes were sold in Galveston; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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