$3,324 Closing Credit*
$279,900
1,197 SqFt
2 Beds
•2 Full Baths
Thomas Sons, Listing Office: Keller Williams Island Life RE
Is Alva, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Alva was a Neutral 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
$448,750
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,231(+1.6%)
Key Takeaway
Homes in Alva have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Alva was $448,750 in November 2024, up 1.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | $340K | -6.1% |
| 2 Bedrooms | $420K | $350K | -16.7% |
| 3 Bedrooms | $426K | $439.9K | +3.3% |
| 4 Bedrooms | $490K | $486.6K | -0.7% |
| 5+ Bedrooms | $592.5K | $1.0M | +73.8% |
Summary: Alva housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 73.8%.
Median Sold Price Compared To Nearby Cities
| Fort Myers Shores | $385.3K | $425K | +10.3% |
| Alva | $441.5K | $448.7K | +1.6% |
| Lehigh Acres | $363.1K | $365K | 0.5% |
Housing Supply in Alva, FL
How many homes are available in Alva, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 183 | 217 | +18.6% |
Summary: The Alva real estate market had 217 homes for sale in November 2024, a 18.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 98 | 119 | +21.4% |
| 4 Bedrooms | 57 | 60 | +5.3% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Alva housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Alva in November 2024, up by 50.0% month-over-month. Of the 18 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 146 Days | +201.5% |
Summary: Homes in Alva had an average of 146 days on market in Nov 2024, up by 201.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 18 homes were sold in Alva; 22% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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