Is 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, 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
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pearland was $365,000 in April 2024, down 1.3% 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 | - | $1.1M | N/A |
2 Bedrooms | $270K | $250K | -7.4% |
3 Bedrooms | $320.2K | $325.3K | +1.6% |
4 Bedrooms | $400K | $401.8K | 0.4% |
5+ Bedrooms | $475K | $514.5K | +8.3% |
Summary: Pearland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Manvel | $415K | $460K | +10.9% |
Fresno | $288K | $295K | +2.4% |
Friendswood | $428.7K | $425.7K | -0.7% |
Pearland | $369.6K | $365K | -1.3% |
Housing Supply in Pearland, TX
How many homes are available in Pearland, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
368 | 430 | +16.8% |
Summary: The Pearland real estate market had 430 homes for sale in April 2024, a 16.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 125 | 142 | +13.6% |
4 Bedrooms | 177 | 209 | +18.1% |
5+ Bedrooms | 43 | 55 | +27.9% |
Summary: The 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 4.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 27.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 109 | -1.8% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Pearland in April 2024, down by 1.8% month-over-month. Of the 109 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +10.4% |
Summary: Homes in Pearland had an average of 29 days on market in Apr 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 109 homes were sold in Pearland; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.