League City & Friendswood Real Estate: February Market Trends You Need to Know

February 2025 Real Estate Market Update for League City and Surrounding Areas

As we step into February, the weather may still be chilly, but the local real estate market is heating up. Let’s dive into the latest trends and statistics for League City, Dickinson, Friendswood, Pearland, and La Porte, providing you with valuable insights for your home buying or selling journey.

League City

In January, the average sold price in League City was $392,750, reflecting a month-over-month growth of 2.01%. Homes in this area are selling at about 94.5% of their list price, with an average of 42 days on the market. This stability indicates a healthy market for both buyers and sellers, with homes selling relatively close to their asking prices.

Dickinson

Dickinson is experiencing some fluctuations, with an average sold price of $273,500, down by 6.54% month-over-month. However, the sale-to-list price ratio remains strong at 97.1%, suggesting that homes are still being marketed effectively. The average days on market is 70, highlighting that while the market may be cooling, demand is still present.

Friendswood

Friendswood is showing robust performance, particularly in the Galveston County area, with an impressive average sold price of $468,000 and a remarkable month-over-month growth of 24.8%. Homes here are selling at 96.4% of their list price and spending an average of just 26 days on the market. The desirability of the Friendswood Independent School District plays a significant role in these numbers, making homes in this area highly sought after.

Pearland

Pearland's real estate market remains steady with an average sold price of $375,000, reflecting modest growth of 0.81%. With a sale-to-list price of 97.9% and an average of 33 days on the market, Pearland continues to be a competitive market for buyers and sellers alike. This stability is a positive sign for those looking to invest in the area.

La Porte

La Porte has seen a significant decline with an average sold price of $250,000, marking a sharp drop of 15.25% month-over-month. The sale-to-list price ratio stands at 97.5%, with homes averaging 32 days on the market. This downturn may be attributed to neighborhood-specific factors, emphasizing the importance of understanding local dynamics when buying or selling.

Key Neighborhood Insights

• Marbella: Slight decline of 0.9%, with a median value of $440,000.

• Tuscan Lakes: Up 1.2%, median value at $417,740.

• Hidden Lakes: Minimal growth of 0.3%, median valued at $519,000.

• Victory Lakes: Year-over-year appreciation at 1%, median value at $537,000.

• South Shore Marina: Down by 1.4%, average value at $490,550.

Market Outlook

As we move forward, it's essential to keep an eye on interest rates and their impact on housing affordability. While predictions suggest limited drops in interest rates, the current rates are helping maintain stable sales prices. This is crucial for ensuring that homes remain affordable for buyers.

Conclusion

February's market update showcases a mixed bag of trends across League City and its neighboring areas. Whether you're considering buying or selling, understanding these dynamics is key to making informed decisions. Stay tuned for next month’s update.