Pelican Bay Home Values

While price per square foot across Tarrant County held near $184 this quarter, Pelican Bay's climbed to roughly $175, closing a gap that had run twice as wide just last month, based on MLS data for September 2026 closings in Pelican Bay. Median sale price followed the same path, landing near $350,000, almost even with the county's own figure and a sharp break from the roughly half-county pricing reported earlier this year. Sellers received about 94 cents on the dollar, a touch below the county's 98-cent pace, while concessions appeared in nearly two-thirds of transactions. With fewer than fifteen closings recorded, the swing toward county parity is real but should be read as directional rather than definitive.

On the pipeline side, Pelican Bay's inventory offers only modest confirmation of the new price level: active listings held at 44, roughly matching the annual pace, while pending contracts numbered just three -- thin even by the standard of a market this size. New listings arrived at a pace close to the annual norm, keeping months of supply near nine and a half, nearly double Tarrant County's five-month reading. That gap suggests the market has more room to absorb before the recent price jump can be considered settled rather than a single-quarter outlier.

Price per square foot in Pelican Bay held near $149 this quarter — about a fifth below the $186 median across Tarrant County as a whole, based on MLS data for August 2026 closings in Pelican Bay. The median sale price, near $178,000, settled at roughly half the countywide figure. Closed-sale timelines told a similar story: homes here again took more than twice as long to sell as the county median, a gap that has held since July. Sellers received about 95 cents on the dollar, just under the county's 98-cent pace, while concession activity — present in a bit over half of transactions — tracked closer to the county norm. With just over twenty closings, the comparison remains directional.

Pelican Bay's pipeline metrics diverge from the county's just as clearly as its closed-sale data. Months of supply here runs near six months, about a quarter higher than the five months typical of Tarrant County, and pending contracts numbered just five against 46 active listings — a far thinner conversion ratio than the county's broader pipeline. New listings continued arriving at roughly the same clip as recent months, keeping active inventory from thinning. The mismatch suggests Pelican Bay's slower absorption is a local pattern distinct from the county's overall pace, not a temporary blip tied to seasonal listing activity.

Homes in Pelican Bay took longer to find buyers this quarter, with time on market stretching to roughly nine weeks at closing — nearly two weeks longer than the trailing annual pace and more than double the pace typical of Tarrant County. Price per square foot held close to $147, essentially flat versus the annual figure, while the median sale price climbed to around $177,000, based on MLS data for July 2026 closings in Pelican Bay. Sellers accepted roughly 94 cents on the dollar, with about half of transactions carrying a concession, consistent with recent quarters. With just under thirty closings, the sample remains modest, but the lengthening timeline marks a shift from the improving pace reported in May.

Pelican Bay pipeline data reinforces the slower pace seen at the closing table: pending contracts thinned to just ten homes, down from fifteen a month earlier, even as active inventory held steady near forty listings and new listings continued arriving at roughly the same clip. Months of supply eased to about four and a half, below the annual pace and now tracking tighter than Tarrant County's broader figure — a signal that absorption, while slower on a per-home basis, has not loosened the overall balance between buyers and sellers.