We investigate the relaxation dynamics of the fermion two-point correlation function Cmn(t)=〈ψ(t)∣cm†cn∣ψ(t)〉 in the XY chain with alternating nearest-neighbor hopping interaction after a quench. We find that the deviation δ C mn (t) = C mn (t) − C mn (∞) decays with time following the power law behavior t −μ , where the exponent μ depends on whether the quench is to the commensurate phase (μ = 1) or incommensurate phase ( μ=12 ). This decay of δ C mn (t) arises from the transient behavior of the double-excited quasiparticle occupations and the transitions between different excitation spectra. Furthermore, we find that the steady value C mn (∞) only involves the average fermion occupation numbers (i.e. the average excited single particle) over the time-evolved state, which are different from the ground state expectation values. We also observe nonanalytic singularities in the steady value C mn (∞) for the quench to the critical points of the quantum phase transitions (QPTs), suggesting its potential use as a signature of QPTs.