Is 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, Pearland has remained a Seller's Market.
Housing Prices in Pearland, TX
How much do homes in Pearland, TX cost?
Median Sold Price
$364,833
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pearland was $364,833 in May 2024, down 1.4% 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 | - | $1.1M | N/A |
2 Bedrooms | $254.5K | $250K | -1.8% |
3 Bedrooms | $325K | $325K | 0.0% |
4 Bedrooms | $400K | $400.2K | 0.1% |
5+ Bedrooms | $475K | $513.5K | +8.1% |
Summary: Pearland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Manvel | $429.9K | $459.7K | +6.9% |
Friendswood | $414K | $420.7K | +1.6% |
Fresno | $295K | $293K | -0.7% |
Pearland | $369.9K | $364.8K | -1.4% |
Brookside Village | $410K | $376.8K | -8.1% |
Housing Supply in Pearland, TX
How many homes are available in Pearland, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
412 | 444 | +7.8% |
Summary: The Pearland real estate market had 444 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 141 | 147 | +4.3% |
4 Bedrooms | 194 | 222 | +14.4% |
5+ Bedrooms | 55 | 53 | -3.6% |
Summary: The 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 130 | +13.0% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 130 homes were sold or pending in Pearland in May 2024, up by 13.0% month-over-month. Of the 130 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 21 Days | -13.1% |
Summary: Homes in Pearland had an average of 21 days on market in May 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 130 homes were sold in Pearland; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.