Is Alvin, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alvin is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Alvin has remained a Seller's Market.

Key Takeaway

Alvin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alvin, TX

How much do homes in Alvin, TX cost?

Median Sold Price

$294,785

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,118(+7.3%)

Key Takeaway

Homes in Alvin have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Alvin was $294,785 in May 2024, up 7.3% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $330K$112K
-66.1%
2 $180K$182.5K
+1.4%
3 $260.6K$279.9K
+7.4%
4 $308.9K$327.5K
+6.0%
5+ $383.7K$406K
+5.8%

Summary: Alvin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Alvin
+7.3%
Iowa Colony
+3.5%
Alvin-Pearland
+1.3%
Rosharon
0.5%

Housing Supply in Alvin, TX

How many homes are available in Alvin, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
224237+5.8%

Summary: The Alvin real estate market had 237 homes for sale in May 2024, a 5.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1114
+27.3%
3 117116
-0.9%
4 7481
+9.5%
5+ 2125
+19.0%

Summary: The Alvin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5143-15.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alvin, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Alvin in May 2024, down by 15.7% month-over-month. Of the 43 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% were sold over asking.

Days on Market for Alvin, TX

How long does it take to sell a home in Alvin, TX?

Average Sale Time

May 2023May 2024CHANGE
22 Days49 Days+114.5%

Summary: Homes in Alvin had an average of 49 days on market in May 2024, up by 114.5% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alvin are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 43 homes were sold in Alvin; 49% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Alvin, TX

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