Is Alvin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$289,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alvin have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Alvin was $289,900 in March 2024, up 9.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $108.5K | -27.7% |
| 2 Bedrooms | $192.5K | $173.1K | -10.1% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $302.5K | $320K | +5.8% |
| 5+ Bedrooms | $366.9K | $410.4K | +11.8% |
Summary: Alvin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Alvin | $265K | $289.9K | +9.4% |
| Alvin-Pearland | $350K | $358.1K | +2.3% |
| Iowa Colony | $434.2K | $426.7K | -1.7% |
| Rosharon | $349.5K | $335.3K | -4.1% |
Housing Supply in Alvin, TX
How many homes are available in Alvin, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 211 | 222 | +5.2% |
Summary: The Alvin real estate market had 222 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 108 | 107 | -0.9% |
| 4 Bedrooms | 73 | 77 | +5.5% |
| 5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Alvin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alvin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Alvin in March 2024, down by 11.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 49 Days | -8.7% |
Summary: Homes in Alvin had an average of 49 days on market in Mar 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 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 March 2024, 32 homes were sold in Alvin; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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