Is Galveston, TX 77550 a buyer’s or seller’s market?

The Galveston housing market right now

In the three months ending August 31, 2026, 4% of homes in Galveston, TX 77550 sold above their list price, the typical home went under contract in 83 days and there were 8.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 119 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold faster (87 days then) and the median sale price fell 2% to $333,606. Overall, Galveston is about as competitive as it was a year ago.

Within Galveston County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Galveston ranks #841 of 868 TX ZIP codes with enough sales (score 5 out of 100).

Nearby, buyers who want less competition could look at High Island 77623 (0% sold over asking) or Gilchrist 77617 (0% sold over asking), while Bacliff 77518 (20% sold over asking) and Santa Fe 77517 (18% sold over asking) are even more competitive.