Pearland - Friendswood Edition | July 2023

2023

HOME EDITION

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REAL ESTATE DATA

COMPILED BY JAKE MAGEE

2022-23 Pearland and Friendswood real estate market at a glance Overall, the number of homes sold in Pearland- and Friendswood-area ZIP codes in June 2022-May 2023 has lagged compared to June 2021-May 2022. Meanwhile, the average home sales price and average days on market in June 2022-May 2023 have increased in Pearland- and Friendswood-area ZIP codes compared to June 2021-May 2022.

77089 77546 77578 77581 77584

521

518

45

288

SOURCES: SPARROW REALTY, FREDDIE MACCOMMUNITY IMPACT

6

35

N

Number of homes sold

Average home sales price

June 2021-May 2022

June 2022-May 2023

June 2021-May 2022

June 2022-May 2023

77089

$311,971 $286,345

+8.95%

77546

77581

$442,258

$349,717

+12.07%

+8.43%

$495,653

$379,213

77578

77584

$473,181 $440,463

$357,310

+7.43%

+8.75%

$388,562

77089

77546

77578

77581

77584

Average days on market

National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year xed-rate mortgage 15-year xed-rate mortgage

June 2021-May 2022

June 2022-May 2023

8%

6.48%

6%

3.72%

3.22%

2.65%

4%

5.73%

0 2%

3.16%

2.16%

2.43%

January 2020

January 2021

January 2022

January 2023

77089

77546

77578

77581

77584

13

PEARLAND  FRIENDSWOOD EDITION • JULY 2023

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