Monica Foster Team of eXp Realty

Galveston, TX

Single-Family Homes

Who You Choose Matters! - 4.9/5.0 850+ Reviews - RealtyByMonica.com



Galveston, TX

Mon Jun 21 2021
This week the median list price for Galveston, TX is $479,900 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has increased to 219. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Galveston, TX

Mon Jun 21 2021
This week the median list price for Galveston, TX is $479,900 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has increased to 219. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Galveston market.
Median List Price $479,900
Median Price of New Listings $398,500
Per Square Foot $258
Average Days on Market 56
Median Days on Market 28
Price Decreased 25%
Price Increased 5%
Relisted 5%
Inventory 219
Median Rent $1,695
Market Action 53
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$992,499 2,875 0.25 - 0.5 acre 4 3 20 10 6 35
$595,000 2,006 4,500 - 6,500 sqft 4 2 36 9 10 21
$399,000 1,719 4,500 - 6,500 sqft 3 2 61 12 9 14
$239,900 1,124 4,500 - 6,500 sqft 2 1 56 16 10 28