Is Alvin-Pearland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alvin-Pearland has remained a Seller's Market.
Housing Prices in Alvin-Pearland, TX
How much do homes in Alvin-Pearland, TX cost?
Median Sold Price
$359,522
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alvin-Pearland was $359,522 in April 2024, up 2.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $112K | -44.0% |
2 Bedrooms | $233K | $225K | -3.4% |
3 Bedrooms | $300.8K | $309.9K | +3.0% |
4 Bedrooms | $395K | $400.3K | +1.4% |
5+ Bedrooms | $491.2K | $515K | +4.8% |
Summary: Alvin-Pearland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Alvin-Pearland, TX
How many homes are available in Alvin-Pearland, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
812 | 935 | +15.1% |
Summary: The Alvin-Pearland real estate market had 935 homes for sale in April 2024, a 15.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 28 | 34 | +21.4% |
3 Bedrooms | 281 | 330 | +17.4% |
4 Bedrooms | 393 | 443 | +12.7% |
5+ Bedrooms | 108 | 126 | +16.7% |
Summary: The Alvin-Pearland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
188 | 191 | +1.6% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 191 homes were sold or pending in Alvin-Pearland in April 2024, up by 1.6% month-over-month. Of the 191 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Alvin-Pearland, TX
How long does it take to sell a home in Alvin-Pearland, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 37 Days | -0.1% |
Summary: Homes in Alvin-Pearland had an average of 37 days on market in Apr 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 191 homes were sold in Alvin-Pearland; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.