Is Alvin, IL 61811 a buyer’s or seller’s market?
Alvin is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Alvin housing market right now
In the three months ending August 31, 2026, 0% of homes in Alvin, IL 61811 sold above their list price, the typical home went under contract in 71 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Vermilion County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.
Run the numbers for 61811
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ftCatlin 61817Seller’s market $113 /sq ft Browse all markets →Where Alvin is
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Questions about Alvin real estate
Is Alvin a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Alvin, IL 61811 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Alvin?
The typical home went under contract in 71 days in the latest three months.
Do homes in Alvin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Alvin?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Alvin?
The median sale price was $229,201 in the three months ending August 31, 2026, about $176 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology