Is Pearland, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pearland is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pearland has remained a Seller's Market.

Key Takeaway

Pearland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pearland, TX

How much do homes in Pearland, TX cost?

Median Sold Price

$373,466

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,117(+2.8%)

Key Takeaway

Homes in Pearland have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Pearland was $373,466 in October 2024, up 2.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$625K
N/A
2 $247.9K$264.5K
+6.7%
3 $325K$331K
+1.8%
4 $404.8K$405.4K
0.2%
5+ $500K$511.5K
+2.3%

Summary: Pearland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Pearland
+2.8%
Manvel
-1.4%
Fresno
-1.6%
Friendswood
-6.3%

Housing Supply in Pearland, TX

How many homes are available in Pearland, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
422486+15.2%

Summary: The Pearland real estate market had 486 homes for sale in October 2024, a 15.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2123
+9.5%
3 142156
+9.9%
4 212252
+18.9%
5+ 4653
+15.2%

Summary: The Pearland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 15.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85112+31.8%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pearland, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 112 homes were sold or pending in Pearland in October 2024, up by 31.8% month-over-month. Of the 112 sold homes, 56% were sold under asking, 23% were sold at asking, and 21% were sold over asking.

Days on Market for Pearland, TX

How long does it take to sell a home in Pearland, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days31 Days+29.9%

Summary: Homes in Pearland had an average of 31 days on market in Oct 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pearland are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 112 homes were sold in Pearland; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Pearland, TX

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