South Galveston News

In November, the median sale price of a home in Galveston County rose by $15,820 from the same period in the previous year, while total sales increased by 4.4%, according to BlockShopper.com.

There were 95 homes sold in November, with a median sale price of $156,770 — an 11.2% increase over the $140,950 median sale price during the same period of the previous year. In comparison, 91 homes were sold in Galveston County in November 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Galveston County from November 2023 to November 2024.