Galleria Housing Market

Updated Jan 9, 2025


90 days agoSeller'sMarket369Buyer'sMarketBalanced Market6 Months Inventory

What does this mean for you?
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Today, Galleria homes sell for a median price of $382,500 in an average of 143 days. This is a 31.1% higher price & 55 day increase compared to last year.

In December, the number of sales were up 12%. Looking ahead, pending sales have decreased 31% and there are 18% less price reductions compared to last year.


Future Indicators

Homes0246810121410/1610/2310/3011/611/1311/2011/2712/412/1112/1812/251/11/8Galleria Pending SalesPast 13 Weeks, Ending Jan 8202520242023

Pending sales are the #1 indicator of future closings.

Average Sold Days On Market05010015020025030010/1610/2310/3011/611/1311/2011/2712/412/1112/1812/251/11/8Galleria Days On MarketPast 13 Weeks, Ending Jan 8202520242023

Days on market is the #1 indicator of future price reductions.

Homes05101520253010/1610/2310/3011/611/1311/2011/2712/412/1112/1812/251/11/8Galleria Price ReductionsPast 13 Weeks, Ending Jan 8202520242023

Price reductions are the #1 indicator of future sales prices.


Current Real Estate Data

Total Home Sales020406080100MonthsJanFebMarAprMayJunJulAugSepOctNovDecGalleria Home Sales - Monthly2021 - 202520252024202320222021
Jan '20Feb '20Mar '20Apr '20May '20Jun '20Jul '20Aug '20Sep '20Oct '20Nov '20Dec '20Jan '21Feb '21Mar '21Apr '21May '21Jun '21Jul '21Aug '21Sep '21Oct '21Nov '21Dec '21Jan '22Feb '22Mar '22Apr '22May '22Jun '22Jul '22Aug '22Sep '22Oct '22Nov '22Dec '22Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23Aug '23Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24Median Home Price$100K$150K$200K$250K$300K$350K$400KAvg 30-Year Fixed Mortgage Rate1%2.17%3.33%4.5%5.67%6.83%8%Galleria Home Prices - Monthly2020 - 2025Median Home PriceMortgage Rate

Historical Trends

Total Home Sales0200400600800Year20062007200820092010201120122013201420152016201720182019202020212022202320242025Galleria Home Sales - Annual2006 - 2025
20062007200820092010201120122013201420152016201720182019202020212022202320242025Median Home Price$220K$240K$260K$280K$300K$320K$340KAvg 30-Year Fixed Mortgage Rate1%2%3%4%5%6%7%Galleria Home Prices - Annual2006 - 2025Median Home PriceMortgage Rate

Sources & Methodology

Data from the HAR MLS for purchases of condos, single-family homes and townhomes over $125,000 from the respective Geo Market area.

The average days on market is calculated using the average of the trailing 4 weeks of data from the Days on Market graph.

The median sale price is from the most recent month on the Home Prices - Monthly graph, comparing the value to the same month one year ago.

The number of homes sold is from the most recent month on the Home Sales - Monthly graph, comparing the value to the same month one year ago.

Pending sales values are calculated by summing the number of new “Pending” listings from the trailing four weeks for the past two years and then expressing the differences in a percentage value.

Number of properties with price reductions are calculated by summing the number of new properties with a price change and comparing it with same time periods over the last two years.

Pending Sales graph displays the weekly count of new “Pending” listings in the HAR MLS. It does not include “Option Pending” or “Pending Continuing To Show” status fields so contracts are not double or triple counted.

The Days on Market graph displays the average of the Cumulative Days on Market field for sold properties from the HAR MLS field for the past 13 weeks, as compared to the same data over the past three years.

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.


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