$5,451 Closing Credit*
$459,000
1,815 SqFt
3 Beds
•2 Full Baths
Susie Eason, Listing Office: Berkshire Hathaway Florida
Is Alva, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alva has remained a Buyer'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
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,444(+1.2%)
Key Takeaway
Homes in Alva have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Alva was $450,000 in October 2024, up 1.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | $340K | -6.1% |
| 2 Bedrooms | $428K | $350.9K | -18.0% |
| 3 Bedrooms | $427.5K | $441K | +3.2% |
| 4 Bedrooms | $488.7K | $493K | +0.9% |
| 5+ Bedrooms | $592.5K | $1.0M | +73.8% |
Summary: Alva housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 73.8%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $385K | $428.3K | +11.3% |
| Lehigh Acres | $360K | $365.3K | +1.5% |
| Alva | $444.5K | $450K | +1.2% |
Housing Supply in Alva, FL
How many homes are available in Alva, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 188 | +9.9% |
Summary: The Alva real estate market had 188 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 88 | 93 | +5.7% |
| 4 Bedrooms | 57 | 64 | +12.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Alva housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alva, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Alva in October 2024, down by 38.9% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 160 Days | +252.1% |
Summary: Homes in Alva had an average of 160 days on market in Oct 2024, up by 252.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Alva are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in Alva; 27% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
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