$3,563 Closing Credit*
$300,000
2,139 SqFt
4 Beds
•2 Full Baths
Byron Winters, Listing Office: Realty Associates
Is Alvin-Pearland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$365,026
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,343(+3.2%)
Key Takeaway
Homes in Alvin-Pearland have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Alvin-Pearland was $365,026 in October 2024, up 3.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $274.5K | +83.1% |
| 2 Bedrooms | $226K | $235K | +4.0% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $406.4K | $405.2K | -0.3% |
| 5+ Bedrooms | $514.5K | $515K | 0.1% |
Summary: Alvin-Pearland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Alvin-Pearland, TX
How many homes are available in Alvin-Pearland, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 782 | 934 | +19.4% |
Summary: The Alvin-Pearland real estate market had 934 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 260 | 304 | +16.9% |
| 4 Bedrooms | 393 | 481 | +22.4% |
| 5+ Bedrooms | 92 | 109 | +18.5% |
Summary: The Alvin-Pearland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 145 | 158 | +9.0% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
23 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. 60.8% of homes here sold below asking price last month.
Summary: A total of 158 homes were sold or pending in Alvin-Pearland in October 2024, up by 9.0% month-over-month. Of the 158 sold homes, 61% were sold under asking, 25% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +22.8% |
Summary: Homes in Alvin-Pearland had an average of 44 days on market in Oct 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
47 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 October 2024, 158 homes were sold in Alvin-Pearland; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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