Real-world image super-resolution (Real-ISR) aims to preserve structures supported by the degraded observation while reconstructing perceptually realistic details. However, existing Real-ISR methods largely optimize fidelity and perceptual quality within a shared network, causing the two objectives to interfere throughout training and making their balance difficult to control. Recent one-step methods reduce sampling steps, yet often inherit both this coupled optimization behavior and the expensive high-resolution backbone of their multi-step predecessors. We argue that efficient Real-ISR requires not only a shorter sampling trajectory, but also specialized modeling of faithful reconstruction and perceptual detail synthesis. Based on this insight, we propose PixelIR, a fidelity-perception decoupling framework built upon pixel-space image-residual flow matching. PixelIR first learns an image flow that maps the degraded observation to a faithful reconstruction. Then, a residual flow synthesizes the missing perceptual details from noise without repeatedly relearning or overwriting the complete restoration solution. We further distill the teacher into a deployment-oriented one-step student within a coarse-to-fine pyramid architecture. Extensive experiments show that PixelIR achieves leading PSNR, SSIM, and LPIPS on both RealSR and DRealSR. The final model completes pixel-space restoration in a single evaluation with only 32.9M parameters, 89.7G MACs, and 8.5ms latency, demonstrating a strong practical fidelity-perception-efficiency balance.

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