Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in Galveston is about $445,000 as of Sep 2026, down 4.6% from a year ago. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Yes, if you negotiate. Buyers have more room in Galveston than usual. Compared with 2017–2019 at this time of year, there are 10 pending sales per 100 listings, against 23 then, and there are 77% more homes for sale. Sellers are competing harder for you than they used to. Use it.
Asking price per square foot in Galveston is 11.5% below its Jun 2022 high and down 3.4% over the last year. Prices were above the year before in 68% of months since the data starts, so drops here have not always reversed quickly. 14% of sellers have cut their price. Underwrite with no price growth for now and let the seller carry the next cut.
There are 1,316 homes for sale in Galveston, 77% more than in 2017–2019 at this time of year. That count is down 10% on last year, with 174 new listings this month. The build-up is biggest in 77551 (287 for sale, 108% above its 2017–2019 level) and 77554 (701 for sale, 78% above its 2017–2019 level). More choice means you can walk away from any home priced for the market of three years ago.
For every 100 homes still for sale, 10 are under contract. In 2017–2019 at this time of year it was 23. The rest are still waiting for a buyer. Few sellers are dropping their price. Your discount will come from one stale listing.
Galveston listings spend a median 100 days on the market. There are 1,316 homes for sale in Galveston. That is 5.6 times the tightest month on record, but below the peak of 1,596. Supply is shrinking against last year.
Ranked among the 77 Texas markets we track:
The median asking price is 23.1% below its May 2022 peak. Per square foot the gap is smaller: 11.5% below the Jun 2022 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Galveston prices rose in only 76 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.
Most Galveston households rent. 51 out of every 100 households are renters. The renter share is shrinking. Five years ago it was 54 in 100. Galveston added about 1,800 renter households in five years. Renter households average 1.8 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 21% in five years. The housing stock grew 13%. Demand is outrunning supply. 31.2% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.
The median Galveston household earns $57,845 a year. Incomes here have grown 2.6% a year since 2019. Incomes and home prices are rising in step. A typical home costs 7.7 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $1,446 a month.
To see what one Galveston address would rent for and cash flow, run it through the app.
Read how price cuts signal a market turning and how we read these numbers, then run the numbers on a deal.
The median asking price in Galveston is about $445,000 as of Sep 2026, down 4.6% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Galveston figures cover the 6 ZIP codes with a Galveston mailing address, which can reach past city limits.
Buyers have more room in Galveston than usual. We compare Galveston with 2017–2019 at this time of year: there are 10 pending sales per 100 listings, against 23 then; there are 77% more homes for sale; 14% of sellers have cut their price, against 18% then.
The median asking price is 23.1% below its May 2022 peak. Per square foot the gap is smaller: 11.5% below the Jun 2022 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Across 9 full years, Galveston asking prices ran lowest in January, about 5.8% below the year's average. They peaked in September. The most homes for sale show up in July, about 7% above the yearly average.
Assume +2.9% a year. Galveston grew 5.0% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Galveston grows about 2.9% a year. That is the number to type in. Prices fell 3.4% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Galveston County is $1,573 a month for 2 bedrooms and $2,116 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
Galveston has six ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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