$5,926 Closing Credit*
$499,000
2,251 SqFt
4 Beds
•2 Full Baths
Lisandra Figueroa Batista, Listing Office: Coldwell Banker Realty
Is Alva, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Alva was a Seller's Market.
Key Takeaway
Alva is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alva, FL
How much do homes in Alva, FL cost?
Median Sold Price
$450,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$5,000(+1.1%)
Key Takeaway
Homes in Alva have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Alva was $450,000 in August 2024, up 1.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | $340K | -6.1% |
| 2 Bedrooms | $413.8K | $354K | -14.5% |
| 3 Bedrooms | $444.1K | $442K | -0.5% |
| 4 Bedrooms | $510K | $484.2K | -5.1% |
| 5+ Bedrooms | $752.5K | $615K | -18.3% |
Summary: Alva housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $378.6K | $435K | +14.9% |
| Lehigh Acres | $360K | $365K | +1.4% |
| Alva | $445K | $450K | +1.1% |
Housing Supply in Alva, FL
How many homes are available in Alva, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 193 | 196 | +1.6% |
Summary: The Alva real estate market had 196 homes for sale in August 2024, a 1.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 103 | 104 | +1.0% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Alva housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alva, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Alva in August 2024, down by 11.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Alva, FL
How long does it take to sell a home in Alva, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 59 Days | 108 Days | +83.9% |
Summary: Homes in Alva had an average of 108 days on market in Aug 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alva has remained consistent over time.
Summary: During August 2024, 16 homes were sold in Alva; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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