Is Alvin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Alvin was a Seller's Market.
Key Takeaway
Alvin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Alvin, TX
How much do homes in Alvin, TX cost?
Median Sold Price
$294,785
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Alvin have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Alvin was $294,785 in June 2024, up 7.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $112K | -66.1% |
| 2 Bedrooms | $201.5K | $176.3K | -12.5% |
| 3 Bedrooms | $262.5K | $276.8K | +5.5% |
| 4 Bedrooms | $310K | $329.9K | +6.4% |
| 5+ Bedrooms | $389.3K | $404.7K | +3.9% |
Summary: Alvin housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Alvin | $275K | $294.7K | +7.2% |
| Iowa Colony | $428.5K | $449K | +4.8% |
| Rosharon | $333.8K | $343.7K | +3.0% |
| Alvin-Pearland | $354.9K | $359.5K | +1.3% |
Housing Supply in Alvin, TX
How many homes are available in Alvin, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 220 | 232 | +5.5% |
Summary: The Alvin real estate market had 232 homes for sale in June 2024, a 5.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 114 | 124 | +8.8% |
| 4 Bedrooms | 74 | 75 | +1.4% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Alvin housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 50 | 37 | -26.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alvin, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Alvin in June 2024, down by 26.0% month-over-month. Of the 37 sold homes, 54% were sold under asking, 30% were sold at asking, and 16% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +34.9% |
Summary: Homes in Alvin had an average of 45 days on market in Jun 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alvin are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 37 homes were sold in Alvin; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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