Pelican Bay, TX Housing Market — 32 Homes Sold (September 2025 – September 2026)

Q: What does the typical Pelican Bay home cost?

The typical Pelican Bay home sold for $231,450 (about $164 per square foot) over the last twelve months.

Q: How fast do homes sell in Pelican Bay?

The typical Pelican Bay home went under contract in 49 days; 6.2% sold within the first week.

Q: Is it cheaper to rent or buy in Pelican Bay?

The median Pelican Bay lease ran $1,864/month this year; principal and interest on the median $231,450 home is roughly $1,317/month with 10% down.

The edge goes to buyers: homes typically take 49 days and only 18.8% beat their asking price.

Pelican Bay market at a glance

Homes sold (12 months): 32
Median sale price: $231,450 (about $1,317/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $164
Median days on market (list to contract): 49; 6.2% went under contract within a week
Sold over asking: 18.8% · Sold under asking: 46.9%
Typical home: 3 bed, 1,322 sqft, built 2018, mostly Azle ISD
Price range of sales: $55,000 – $1,710,000
On the market right now: 18 active listings, 4 under contract, 6.8 months of supply, median asking $214,950
How buyers paid: Conventional 28.1%, FHA 21.9%, VA 9.4%, Cash 21.9%, Other 18.8%
Seller contributions: 43.8% of sellers chipped in, typically $7,134
Contract to close: about 31 days
Median rent (same home types, 20 closed leases): $1,864/month — owning the median home runs about $1,317/month principal & interest with 10% down
HOA: 12.5% of sales had a mandatory HOA, typically $61/month

Five-year price history in Pelican Bay

Median sale price by quarter: 2026 Q2: $189,900.

Median price by elementary school zone

Liberty: 21 sales, median $270,000, $169/sqft
Hoover: 8 sales, median $189,500, $173/sqft

Pricing right vs. cutting the price in Pelican Bay

Sellers who held their original asking price sold in 28 days at 100% of ask. Sellers who overpriced and later cut took 93 days and kept 94.2% of the original ask — roughly $13,700 left on the table on a typical Pelican Bay listing.

Most active Pelican Bay neighborhoods

Pelican Bay Add: 9 sales, median $189,900, 51 days on market
Pelican Bay Tenth Filing: 9 sales, median $135,000, 46 days on market

Nearby markets

Fort Worth · Arlington · Mansfield · North Richland Hills · Crowley · Azle · Keller · Bedford

Common questions

Is now a good time to buy in Pelican Bay? The edge goes to buyers: homes typically take 49 days and only 18.8% beat their asking price.

What does the typical Pelican Bay home cost? $231,450 — about $164 per square foot, or roughly $1,317/month with 10% down before taxes and insurance.

How fast do homes sell in Pelican Bay? The typical home went under contract in 49 days; 6.2% sold within the first week.

Is it cheaper to rent or buy in Pelican Bay? The median Pelican Bay lease ran $1,864/month this year, while principal and interest on the median $231,450 home is roughly $1,317/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 3 2025 – September 3 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.