In-depth Real Estate Data: Local Markets

Galveston Island Research, Pricing, and Statistics

From May 25th, 2024 through November 21st, 2024

Units Sold:

354

Average Sold Price:

$368,871

Average Sold Discount:

8%

Average Price Reduction:

4%

Average DOM:

105

Galveston Island's real estate market offers a diverse range of options, with 909 homes currently for sale. Prices average around $463,291, with listings ranging from $40,000 to $4,250,000. Homes typically feature 2 to 3 bedrooms and vary in size from 430 to 17,641 sq ft, making it an exciting time for buyers and sellers alike!

Active Listings

911

Average List Price

$463,267

Typical List Price

$255k to $516k

Homes Listed per Price Range

A visual list price spectrum representation

$40kto$251k$251kto$461k$461kto$672k$672kto$882k$882kto$1.1M$1.1Mto$1.3M$1.3Mto$1.5M$1.5Mto$1.7M$1.7Mto$1.9M$1.9Mto$2.1M$2.1Mto$2.4M$2.4Mto$2.6M$2.6Mto$2.8M$2.8Mto$3.0M$3.0Mto$3.2M$3.2Mto$3.4M$3.4Mto$3.6M$3.6Mto$3.8M$3.8Mto$4.0M$4.0Mto$4.3M
202422538915662351186812311112

Sold Listings

354

Average Selling Price

$368,871

Typical Selling Price

$200k to $427k

Homes Sold per Price Range

A visual sold price spectrum representation

$25kto$194k$194kto$363k$363kto$531k$531kto$700k$700kto$869k$869kto$1.0M$1.0Mto$1.2M$1.2Mto$1.4M$1.4Mto$1.5M$1.5Mto$1.7M$1.7Mto$1.9M$1.9Mto$2.0M$2.0Mto$2.2M$2.2Mto$2.4M$2.4Mto$2.6M$2.6Mto$2.7M$2.7Mto$2.9M$2.9Mto$3.1M$3.1Mto$3.2M$3.2Mto$3.4M
20247514577271094512

Average Sold Price per Sq Ft

$310

Typical Sold Price per Sq Ft

$222 to $373

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$57to$95$95to$133$133to$172$172to$210$210to$248$248to$286$286to$325$325to$363$363to$401$401to$439$439to$477$477to$516$516to$554$554to$592$592to$630$630to$669$669to$707$707to$745$745to$783$783to$822
202461441625543342616115241321413

Average Days to Sell

105

Typical Days to Sell

16 to 168

Days on the Market Distribution

The number of homes sold in each DOM range

to4343to8686to129129to172172to215215to257257to300300to343343to386386to429429to472472to515515to558558to572
202414858362828131513433312

Average Price Reduction

4%

Typical Price Reduction

0% to 6%

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-24%to-21%-21%to-17%-17%to-13%-13%to-10%-10%to-6%-6%to-2%-2%to1%1%to5%5%to8%8%to12%12%to16%16%to19%19%to23%23%to27%27%to30%30%to34%34%to38%38%to41%41%to45%45%to48%
202412385019516410159253014622128

Average Discount from Original List

8%

Typical Sold Discount from Original List

2% to 12%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-21%to-18%-18%to-15%-15%to-12%-12%to-9%-9%to-6%-6%to-4%-4%to-1%-1%to2%2%to5%5%to8%8%to11%11%to14%14%to17%17%to20%20%to23%23%to26%26%to28%28%to31%31%to34%34%to37%
2024111211707552313320171355339

Average Discount from Last List

5%

Typical Sold Discount from Last List

1% to 8%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

-15%to-12%-12%to-9%-9%to-6%-6%to-3%-3%to0%0%to3%3%to6%6%to9%9%to12%12%to16%16%to19%19%to22%22%to25%25%to28%28%to31%31%to34%34%to37%37%to40%40%to43%43%to46%
202411167388794827107522112

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.