Real Estate Market Update for Galveston, TX

Video: Real Estate Community Tour for Galveston, TX

See Real estate community tour for Galveston, TX
Welcome to October's Market Update. Lets take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 9% from one year earlier, and down 6% 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 over 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 25%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold increased 25% year-over-year, and increased 31% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for Galveston, TX
Area Information for Galveston, TX
  • Population: 51,067
  • Median Age: 38.37 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 1,238/sq mi
  • Population Change Since 2000: -12.08%
  • Closest Airport: William P Hobby
  • Closest College: Texas A And M University At Galveston
  • Closest Jr. College: Galveston College
  • Median Household Income: $42,100
  • Annual Residential Turnover: 28%
  • Median Home Sales Price: $186,750
  • Closest Major Sports Team: Houston Dynamo
  • Change Avg. Household Income Since 2000: 48.56%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Galveston, TX
Median Age: 38.37 Married: 31% Number of Households: 21,397 Households with Children: 4,414
    • 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 School Rating Parent Rating
      Oppe Elementary School 0.8 mi Public PRESCHOOL-4 5 0
      Burnet/ecu 1.5 mi Public PRESCHOOL-4 1 0
      Parker El 1.8 mi Public PRESCHOOL-4 1 0
      Odyssey Academy - Galveston 2.2 mi Public PRESCHOOL-11 2 0
      Odyssey Academy - Bay Area 2.2 mi Public PRESCHOOL-5 0 0
      Ambassadors Preparatory Academy 2.9 mi Public PRESCHOOL-8 2 0
      Aim College & Career Prep 3.0 mi Public 6-12 1 0
      Ball High School 3.7 mi Public 9-12 2 3
      Scott Collegiate Academy 3.7 mi Public 5-8 1 0
      Morgan Elementary Magnet School 4.1 mi Public PRESCHOOL-4 3 0
      Central Middle School 4.6 mi Public 7-9 0 0
      Holy Family Catholic School - Galveston 4.8 mi Catholic PRESCHOOL-8 0 0
      O'connell College Preparatory School 5.0 mi Catholic 9-12 0 0
      Trinity Episcopal School - Galveston 5.2 mi Private PRESCHOOL-8 0 0
      Coastal Village Middle School 5.2 mi Public 7-8 1 0
      East End Preschool 5.5 mi Private PRESCHOOL-K 0 0
      Austin Middle School 5.5 mi Public 5-8 5 0
      St Vincents House - Hope Academy 5.9 mi Private 9-12 0 0
      Kipp Coastal Village At Rosenberg School 6.0 mi Public PRESCHOOL-4 0 0
      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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Galveston, TX
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.