What happened to the median home valuation in Jamaica Beach during April?

Medium realestate1

The median assessed value of a home sold in April in Jamaica Beach fell by $39,695 while total valuation decreased by 66.7 percent, according to BlockShopper.com.

In April, there were two homes sold, with a median home valuation of $372,155 - a 9.6 percent decrease from the $411,850 median valuation for the same period of the previous year. There were six homes sold in Jamaica Beach in April 2021.

The following table compares Jamaica Beach to other Galveston County cities with similar median home valuations in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median ValuationApril 2021 Median Valuation% change (Median Valuation)
Jamaica Beach26-66.7$372,155$411,850-9.6
Bolivar Peninsula438-89.5$238,970$234,0002.1
League City59229-74.2$179,490$214,720-16.4
Texas City4093-57$74,785$85,360-12.4
La Marque438-89.5$57,818$63,920-9.5

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