Galveston, TX 77551

Kelly Kelley

Galveston, TX 77551

Single-Family Homes

Broker Associate/ RE/MAX Leading Edge / CPA

Mon Apr 29 2024
This week the median list price for Galveston, TX 77551 is $357,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 120. Click here to stay informed with the Galveston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Median List Price		$357,000
Median Price of New Listings		$325,000
Per Square Foot		$233
Average Days on Market		146
Median Days on Market		105
Price Decreased		54%
Price Increased		4%
Relisted		23%
Inventory		120
Median Rent
Market Action		26
Slight Buyer's Advantage

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$497,250	2,270	6,500 - 8,000 sqft	4	2.5	55	1	0	63
$377,500	1,736	4,500 - 6,500 sqft	3	2	59	2	0	73
$322,000	1,339	4,500 - 6,500 sqft	3	2	59	3	2	105
$257,250	1,084	0 - 4,500 sqft	2	1.5	59	4	1	175

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$497,250	2,270	6,500 - 8,000 sqft	4	2.5	55	1	0	63
$377,500	1,736	4,500 - 6,500 sqft	3	2	59	2	0	73
$322,000	1,339	4,500 - 6,500 sqft	3	2	59	3	2	105
$257,250	1,084	0 - 4,500 sqft	2	1.5	59	4	1	175

Median Price	Top $497,250	Upper $377,500	Lower $322,000	Bottom $257,250
Sq. Ft.	2,270	1,736	1,339	1,084
Lot Size	6,500 - 8,000 sqft	4,500 - 6,500 sqft	4,500 - 6,500 sqft	0 - 4,500 sqft
Beds	4	3	3	2
Baths	2.5	2	2	1.5
Age	55	59	59	59
New	1	2	3	4
Absorbed	0	0	2	1
DOM	63	73	105	175

Kelly Kelley