Is Pearland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pearland has remained a Seller's Market.
Housing Prices in Pearland, TX
How much do homes in Pearland, TX cost?
Median Sold Price
$365,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pearland was $365,000 in March 2024, down 1.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.1M | N/A |
2 Bedrooms | $270K | $252K | -6.7% |
3 Bedrooms | $320K | $325K | +1.6% |
4 Bedrooms | $400K | $401.9K | 0.5% |
5+ Bedrooms | $475K | $513.5K | +8.1% |
Summary: Pearland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Manvel | $405.5K | $459.6K | +13.3% |
Friendswood | $419.6K | $435.1K | +3.7% |
Fresno | $286.7K | $294K | +2.5% |
Pearland | $369.9K | $365K | -1.3% |
Housing Supply in Pearland, TX
How many homes are available in Pearland, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
342 | 376 | +9.9% |
Summary: The Pearland real estate market had 376 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 110 | 126 | +14.5% |
4 Bedrooms | 167 | 184 | +10.2% |
5+ Bedrooms | 43 | 43 | 0.0% |
Summary: The Pearland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 105 | +1.9% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Pearland in March 2024, up by 1.9% month-over-month. Of the 105 sold homes, 55% were sold under asking, 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 29 Days | -14.7% |
Summary: Homes in Pearland had an average of 29 days on market in Mar 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 105 homes were sold in Pearland; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.