Pearland Friendswood Edition | July 2022

2022

REAL ESTATE EDITION

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REAL ESTATE DATA

COMPILED BY JAKE MAGEE & ANDY YANEZ

2021-22 Pearland and Friendswood Real estate market at a glance

77089 77546 77578 77581 77584

521

According to Sparrow Realty data, average home sales prices have increased this past year compared to the year prior. At the same time, the average days on the market has decreased in all ZIP codes in the Pearland and Friendswood area. The number of homes sold, however, has remained relatively at overall. SOURCES: SPARROW REALTY, FREDDIE MACCOMMUNITY IMPACT NEWSPAPER

518

45

35

6

288

N

Average home sales price

Number of homes sold

June 2020-May 2021

June 2021-May 2022

June 2020-May 2021

June 2021-May 2022

77089

77581

$299,218

$335,653

+14.09%

+20.45%

$341,377

$404,293

77584

77546

$319,224

$412,873

+11.22%

+19.53%

$459,203

$381,573

77578

$425,356

+24.91%

$531,306

77089

77546

77578

77581

77584

Average days on market

Featured development

June 2020-May 2021

June 2021-May 2022

VALENCIA PLANNED DEVELOPMENT

Hillwood Communities, a national commercial and residential real estate developer, on May 17 led the groundbreaking of Valencia, a new planned development in Manvel. The development, opening in summer 2023, will bring 940 homes to the area. It will also feature nearly 30 acres of commercial properties, a proposed elementary school and space to house a new Manvel City Hall and other city facilities.

Additionally, the development will include a recreation center; parks; athletic elds, including softball and baseball elds; and miles of trails that connect with other areas in Manvel.

288

1128

6

N

IOWA LN.

77089

77546

77578

77581

77584

12

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