$8,075 Closing Credit*
$680,000
2,600 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sandra Mills, Listing Office: Galveston Island Real Estate
Is Terramar Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Terramar Beach has remained a Buyer's Market.
Key Takeaway
Terramar Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Terramar Beach, TX
How much do homes in Terramar Beach, TX cost?
Median Sold Price
$615,000
$328/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$137,500(-18.3%)
Key Takeaway
Homes in Terramar Beach have sold for 18.3% less than they did a month ago.
Summary: The median home sold price in Terramar Beach was $615,000 in November 2024, down 18.3% from last month, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | - | N/A |
| 3 Bedrooms | - | $455K | N/A |
| 4 Bedrooms | $1.1M | $685K | -39.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Terramar Beach housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 39.4%, and 5+ bedroom homes did not change.
Housing Supply in Terramar Beach, TX
How many homes are available in Terramar Beach, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Terramar Beach real estate market had 47 homes for sale in November 2024, a 11.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Terramar Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 24%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terramar Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Terramar Beach in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Terramar Beach, TX
How long does it take to sell a home in Terramar Beach, TX?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 63 Days | +68.0% |
Summary: Homes in Terramar Beach had an average of 63 days on market in Nov 2024, up by 68% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Terramar Beach has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Terramar Beach; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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