Is Alvin-Pearland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alvin-Pearland has remained a Seller's Market.
Key Takeaway
Alvin-Pearland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alvin-Pearland, TX
How much do homes in Alvin-Pearland, TX cost?
Median Sold Price
$359,594
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alvin-Pearland have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Alvin-Pearland was $359,594 in May 2024, up 1.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $255.5K | +27.8% |
| 2 Bedrooms | $227.5K | $227.1K | -0.1% |
| 3 Bedrooms | $300.8K | $310.3K | +3.1% |
| 4 Bedrooms | $401.2K | $400.3K | -0.2% |
| 5+ Bedrooms | $490K | $515K | +5.1% |
Summary: Alvin-Pearland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Alvin-Pearland, TX
How many homes are available in Alvin-Pearland, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 919 | 1,002 | +9.0% |
Summary: The Alvin-Pearland real estate market had 1,002 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 37 | +12.1% |
| 3 Bedrooms | 330 | 342 | +3.6% |
| 4 Bedrooms | 433 | 487 | +12.5% |
| 5+ Bedrooms | 121 | 134 | +10.7% |
Summary: The Alvin-Pearland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 210 | 232 | +10.5% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alvin-Pearland, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.
Summary: A total of 232 homes were sold or pending in Alvin-Pearland in May 2024, up by 10.5% month-over-month. Of the 232 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +16.9% |
Summary: Homes in Alvin-Pearland had an average of 34 days on market in May 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alvin-Pearland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 232 homes were sold in Alvin-Pearland; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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