Is Galveston, TX 77554 a buyer’s or seller’s market?
Galveston is a buyer’s market. With about 10.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 0% of U.S. ZIP codes, and #860 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Galveston housing market right now
In the three months ending August 31, 2026, 1% of homes in Galveston, TX 77554 sold above their list price, the typical home went under contract in 120 days and there were 10.4 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 166 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 4%, homes sold more slowly (109 days then) and the median sale price fell 6% to $594,743. Overall, Galveston is less competitive than a year ago, which gives buyers more room.
Within Galveston County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Galveston ranks #860 of 868 TX ZIP codes with enough sales (score 2 out of 100).
Nearby, Bacliff 77518 (20% sold over asking) and Santa Fe 77517 (18% sold over asking) are even more competitive.
Run the numbers for 77554
Nearby markets
Bacliff 77518Buyer’s market $143 /sq ftDickinson 77539Balanced $161 /sq ftFriendswood 77546Seller’s market $184 /sq ftGalveston 77550Buyer’s market $222 /sq ft Browse all markets →Towns like Galveston nearby
Find towns like Galveston in other states →Where Galveston is
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Questions about Galveston real estate
Is Galveston a buyer’s or seller’s market?
A buyer’s market: there were 10.4 months of supply in Galveston, TX 77554 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Galveston?
The typical home went under contract in 120 days in the latest three months.
Do homes in Galveston sell over asking?
1% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Galveston?
About 1.41% of a home’s value a year in Galveston County, or roughly $5,640 on a $400,000 home.
What is the median home price in Galveston?
The median sale price was $594,743 in the three months ending August 31, 2026, about $340 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology