Real Estate Market Update for Galveston, TX
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 16% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 40%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold increased 21% year-over-year, and decreased 7% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Galveston, TX
Area Information for Galveston, TX
  • Population: 48,797
  • Median Age: 38.35 yr
  • Median Commute Time: 14.77 mins
  • Educational Climate*: 3
  • Sales Tax: 8.25%
  • Population Density: 1,184/sq mi
  • Population Change Since 2000: -15.56%
  • Closest Airport: William P Hobby
  • Closest College: Texas A And M University At Galveston
  • Closest Jr. College: Galveston College
  • Median Household Income: $37,193
  • Annual Residential Turnover: 21.03%
  • Median Years in Residence: 2.55 yr
  • Median Home Sales Price: $156,750
  • Closest Major Sports Team: Houston Dynamo
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Galveston, TX
Median Age: 38.35 Married: 27% Number of Households: 20,540 Households with Children: 5,107
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Galveston, TX

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Oppe Elementary School 0.8 mi Public PRESCHOOL-4 4-5 5
      Early Childhood University 1.5 mi Public PRESCHOOL-4 1 0
      Parker Elementary School Of International Studies 1.8 mi Public PRESCHOOL-4 1 3
      Odyssey Academy 2.2 mi Public PRESCHOOL-8 2 4
      Judah's Tribe Of Youth 2.2 mi Private 5-12 0 0
      Ambassadors Preparatory Academy 2.9 mi Public K-8 2 4
      Ball High School 3.7 mi Public 9-12 2 2
      Ball Preparatory Stem Academy 3.7 mi Public 9-12 0 0
      Galveston Early College High School 3.7 mi Public 6-7 2 4
      Scott Collegiate Academy 3.7 mi Public 5-8 0 0
      Morgan Elementary Magnet School 4.1 mi Public PRESCHOOL-4 2 3
      Central Middle School 4.6 mi Public 7-8 1 3
      Holy Family Catholic School 4.8 mi Catholic PRESCHOOL-8 0 0
      Holy Family School 4.8 mi Catholic PRESCHOOL-8 0 0
      O'connell College Preparatory 5.0 mi Catholic 9-12 0 0
      Trinity Episcopal School 5.2 mi Private PRESCHOOL-8 0 5
      Galveston Academy 5.2 mi Public 6-12 0 0
      East End Preschool 5.5 mi Private PRESCHOOL-K 0 0
      Austin Middle School 5.5 mi Public 5-8 4-5 3
      Kipp Coastal Village 6.0 mi Public PRESCHOOL-4 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Galveston, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.