Pelican Bay Home Values

Pelican Bay's housing stock spans an unusually wide range for a small Tarrant County community. The core inventory consists of manufactured and singlewide homes on compact lots, many dating to the 1980s and priced for entry-level buyers or investors. A wave of 2018-2022 site-built construction brought three- and four-bedroom open-concept homes with granite counters and vinyl plank flooring into the mix, typically under 2,000 square feet. At the top end, a handful of custom waterfront properties on Eagle Mountain Lake push well into seven figures. Community amenities include a public boat ramp, fishing dock, and sandy beach — lake access without lakefront pricing.

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.