Pelican Bay Home Values

While sellers across Tarrant County collected roughly 97 to 98 cents on the dollar at closing, Pelican Bay sellers gave back nearly four cents — receiving about 96 cents on the dollar on completed transactions, based on MLS data for June 2026 closings in Pelican Bay. Price per square foot held near $145, essentially flat versus the trailing annual figure, while the median sale settled around $161,000. Year-over-year, values have retreated by roughly a fifth. Nearly four in ten transactions carried a concession, with average concession amounts running about $6,000 — the limited sample directionally favors buyers at the negotiating table.

Pending contracts in Pelican Bay numbered just 15 against 41 active listings, a ratio that directionally points toward a buyer's advantage in the pipeline. New listing activity added roughly 30 homes over the quarter, outpacing absorption. Months of supply has compressed to around five from the seven-plus months in the annual window, but remains elevated relative to Tarrant County's broader pace. If pending volume does not recover, supply could soften further heading into summer.

Pelican Bay's market velocity shifted noticeably in the most recent quarter, with homes spending roughly 36 days on market at close — a meaningful improvement from the 47-day annual average, based on MLS data for May 2026 closings in Pelican Bay. Price per square foot came in near $139, slightly below the trailing annual figure, while the median sale price settled around $145,000. Year-over-year, prices have declined sharply — by roughly a fifth — signaling that the market is still repricing. Sellers accepted offers at about 96 cents on the dollar; roughly a third of transactions included concessions, though the limited sample suggests these figures should be read as directional rather than definitive.

The most notable signal in Pelican Bay's pipeline is a sharp contraction in pending contracts — just 12 homes under contract against 36 active listings — a ratio that directionally points toward easing near-term absorption. New listing activity added roughly 26 homes over the quarter, outpacing pending volume by more than two to one. With months of supply around five, conditions sit in balanced-to-soft territory. The limited transaction volume means these pipeline readings carry wider-than-usual uncertainty, but the pattern aligns with Tarrant County's broader trend of moderating demand.