Real Estate Market Update Shadow Creek Ranch, Pearland, TX

One of the most asked questions of real estate agents is how is the market?

One thing I always remind my buyers is stop listening to the national media..real estate is local.

Today, we'll explore the market in the master-planned community of Shadow Creek Ranch in Pearland, TX.Shadow Creek Ranch offers homebuyers a great location near the intersection of South Hwy 288 and Beltway 8, offering ease of access to so many areas of Houston: the Texas Medical Center, Stafford, Sugar Land, Downtown, the Galleria and to the south to Lake Jackson/Freeport.

It's lushly landscaped boulevards, community lakes and abundance of recreational amenities including miles of walking/biking trails, tennis courts, parks, sand volleyball court, recreation center, putting green and 4 community swimming pools have made this a popular community year after year.

Shadow Creek Ranch

Pearland, TX 77584

Per MLS data

• Active homes for sale: 16
• Price range of homes for sale: $337,000 - $849,999
• Homes under contract: 18
• Homes closed since 1/1/2023: 12
• Average Days on Market sold homes: 36 days
• Average Sales Price Sold Homes: $423,583
• Average Days on Market pending homes: 41 days
• Months of Inventory: 0.9 months

2022 Sales Data

Shadow Creek Ranch

• Homes sold: 219
• Average Sales Price: $429,382
• Average Days on Market: 22

To interpret the data, sales prices in Shadow Creek Ranch on average have decreased slightly and homes are taking a little longer to sell. We have seen in increase in activity in January 2023 as interest rates have dropped some. I am seeing some buyers with interest rates locked in the upper 5% range, which has helped to fuel activity. Generally, activity picks up during spring and summer seasons.

So, we are seeing a normalization of the market. However, a balanced market is typically when the months of inventory are around 6 months. As you can see, Shadow Creek Ranch currently has 0.9 months of inventory, meaning inventory is still relatively low.

Months of inventory is the current supply of homes offered for sale relative to the number of homes being purchased.

So, while the market in Shadow Creek Ranch has slowed some, the inventory remains relatively low. Meaning, if you fall in love with a property, don't wait or another buyer may get the home of your dreams.

If you would like a list of available homes for sale in Shadow Creek Ranch, please contact me for more information.

Take a look at our Shadow Creek Ranch One Story Home for Sale in Pearland, Texas:

Shadow Creek Ranch Home for Sale Pearland, Tx One Story