What happened to the median home valuation in Galveston during April?

Medium realestate4

The median assessed value of a home sold in April in Galveston rose by $104,775 while total valuation decreased by 85.8 percent, according to BlockShopper.com.

In April, there were 28 homes sold, with a median home valuation of $285,605 - a 57.9 percent increase over the $180,830 median valuation for the same period of the previous year. There were 197 homes sold in Galveston in April 2021.

The following table compares Galveston 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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