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South Galveston News

Wednesday, November 6, 2024

Galveston County home prices fell in Q1

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The median sale price of a home sold in the first quarter of 2023 in Galveston County fell by $4,620 while total sales decreased by 84.5%.

From January through March of 2023, there were 350 homes sold, with a median sale price of $154,600 - a 2.9% decrease from the $159,220 median sale price for the same period of the previous year. There were 2,256 homes sold in Galveston County in the first quarter of 2022.

The median sales tax in Galveston County for the most recent year with available data, 2018, was $3,478 approximately 2.2% of the median home sale price for the first quarter of 2023.

The following histogram displays changes in median sales prices in Galveston County from January 2022 to March 2023.

Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023$159220$159220$163190$163190$156995$156995$152030$152030$154600$154600

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