Alvord Home Values

While Wise County's typical closing wrapped in 57 days this quarter, homes in Alvord took closer to 80 — widening a gap that has become one of the more persistent divergences between this market and the county it sits in. Based on MLS data for 2026-09 closings in Alvord, the median sale price climbed to roughly $282,000, with price per square foot near $175, still trailing the county's roughly $192 benchmark. Sellers received about 94 cents on the dollar, a touch softer than Wise County's 96, and just over half of closings carried a concession, running slightly above the county average. With fewer than 40 sales behind the reading, the comparison reads as directional rather than definitive.

The supply gap that put Alvord below Wise County last month has closed: months of supply climbed back to roughly nine and a half, essentially matching the county's broader reading of nine-plus. Pending contracts ticked up to seven agreements, snapping three straight months of decline, while active inventory held near 124 listings. New listings arrived at a pace of 45, a smaller share of the standing inventory than the county's flow — a modest signal that fresh supply in Alvord is adding more slowly than the county pattern would suggest.

Closings in Alvord climbed to 56 in the trailing quarter, the strongest pace of the year, while the typical sale moved through escrow in about 87 days — noticeably faster than the 101-day average over the trailing twelve months. Based on MLS data for 2026-08 closings in Alvord, homes changed hands near $156 per square foot, holding roughly flat against last month even as the median sale price ticked up to around $253,000. Nearly half of all closings included a concession, up further from last month's already elevated pace, and just under half settled below list price. Sellers continued receiving about 95 cents on the dollar at closing.

The pipeline continued to thin in Alvord, with pending contracts down to about six agreements — the third consecutive monthly decline after roughly ten in July and fourteen in June. Active listings held steady near 130 homes, but new listings arrived at a slower pace than the prior quarter, trimming the flow of fresh supply. Months of supply eased to about seven, moving Alvord below Wise County's broader reading of nine and suggesting the imbalance between listings and closings that has weighed on the market since spring is beginning to ease, even as absorption of existing contracts remains sluggish.

A surge in closings — 44 in the trailing quarter, well above the year's typical pace — lends more weight to Alvord's price signals than the thin sample carried earlier this year. Based on MLS data for 2026-07 closings in Alvord, homes closed near $155 per square foot, edging higher than last month, while the median sale price landed near $247,000. Sellers received roughly 95 cents on the dollar, with only a scant share of transactions closing above asking and half settling below list. Concession activity eased from last month's elevated pace to just under four in ten closings, though Alvord still trails Wise County's roughly $196-per-square-foot benchmark by a wide margin.

Pending contracts in Alvord fell to about ten agreements, down sharply from last month's pipeline of roughly fourteen, even as active listings held near 130 homes — widening the gap between supply and near-term demand. New listings arrived at a pace roughly consistent with the year's norm, doing little to ease that imbalance. Months of supply crept up to about nine, keeping conditions decisively tilted toward buyers. Closing timelines continue to run somewhat faster than the trailing-year average, a mild counterpoint to an otherwise widening pipeline gap heading into fall.