Pearland, TX 77089 Real Estate Market Report

ZIP Code: 77089
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Pearland market is currently characterized by a median sold price of $272,500, reflecting a stable transaction environment. Although the market has shown an upward trend in prices year-over-year, recent data suggests a cooling off from previous peaks, as buyers are now experiencing longer median days on market at 214 days. This shift may indicate a more balanced negotiation landscape, where buyers are gaining some leverage against sellers' expectations.

With median listing prices at $299,000, there exists a notable gap between listing and sold prices, suggesting potential pricing friction as sellers adjust to the current market conditions. The elevated interest rate pressure, with current mortgage rates around 6.30% to 6.32%, continues to impact buyer affordability and behavior, contributing to a more cautious market atmosphere.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Pearland, TX, averaging around 6.30% to 6.32%, are notably lower than the 6.67% average seen one year ago in March 2025, presenting a favorable refinancing comparison for recent borrowers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $272,500 is the current median sold price, indicating a stable market despite recent cooling trends.

2. 214 days is the median days on market, suggesting slower sales velocity and potential buyer negotiation leverage.

3. $299,000 is the median listing price, reflecting a notable gap from sold prices, indicating possible pricing friction.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

5. Year-over-year trends show up in both sold prices and rents, indicating a resilient market despite elevated interest rate pressure.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.