Kelly Kelley

Galveston, TX 77551

Single-Family Homes

Broker Associate/ RE/MAX Leading Edge / CPA


Galveston, TX 77551

Sun Apr 28 2024
This week the median list price for Galveston, TX 77551 is $359,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has decreased to 113. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Galveston, TX 77551

Sun Apr 28 2024
This week the median list price for Galveston, TX 77551 is $359,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has decreased to 113. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Galveston market.
Median List Price $359,000
Median Price of New Listings $385,750
Per Square Foot $232
Average Days on Market 145
Median Days on Market 105
Price Decreased 52%
Price Increased 4%
Relisted 21%
Inventory 113
Median Rent
Market Action 27
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$499,450 2,270 6,500 - 8,000 sqft 4 2.5 55 2 1 59
$377,500 1,732 4,500 - 6,500 sqft 3 2 59 2 0 70
$321,950 1,389 4,500 - 6,500 sqft 3 2 57 1 0 119
$259,000 1,040 0 - 4,500 sqft 2 2 62 1 4 154