Alvarado Home Values

Alvarado's price per square foot slipped to roughly $165 in the latest quarter, trailing the full-year average by about five percent and landing below Johnson County's benchmark of $172. Based on MLS data for June 2026 closings in Alvarado, two-thirds of completed transactions included seller concessions — the highest concession rate in the trailing twelve-month window — with average givebacks running close to $9,000 per deal. Sellers received roughly 96 cents on the dollar at closing, and more than half of homes sold below asking. Values remain nearly ten percent below year-ago levels, extending a repricing trend that has persisted across multiple consecutive quarters.

Supply conditions in Alvarado continue to favor buyers heading into summer. Active listings have held near 243 homes while the pending count sits at just 59 contracts — a ratio of roughly one pending transaction for every four available listings. Months of supply at about seven has retreated from the nine-month level reported earlier in the year, but it remains well above the threshold that would indicate meaningful seller leverage. New listing activity added roughly 158 homes to the pipeline over the trailing three months, keeping replenishment broadly in line with absorption.

Price per square foot in Alvarado settled near $168 in recent closings — a step down from the full-year average of $175 — with sellers broadly giving back roughly three cents on the dollar at closing. Based on MLS data for May 2026 closings in Alvarado, nearly two-thirds of transactions included seller concessions averaging just over $10,000. More than half of homes closed below list price, and values are running more than 11 percent below where they stood a year ago. The pattern reflects a pricing reset that has been building throughout the trailing twelve-month window.

With nine months of supply currently on the market, Alvarado carries more inventory relative to absorption than a balanced market would typically reflect. The pending count of 65 homes represents roughly one contract for every four active listings, a ratio that has not tightened appreciably despite the recent DOM reading of 50 days being notably faster than the Johnson County average. New listing activity has added approximately 161 homes to the pipeline over the trailing three months, sustaining available supply at current levels.