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Is Alva, OK 73717 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Alva is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list89.1%Sold price ÷ list price
Median days on market121Listing to accepted offer
Median price per sq ft$62▼ −29.1% vs. last year

The Alva housing market right now

In the three months ending August 31, 2026, 0% of homes in Alva, OK 73717 sold above their list price, the typical home went under contract in 121 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (61 days then) and the median sale price fell 47% to $82,464. Overall, Alva is less competitive than a year ago, which gives buyers more room.

Run the numbers for 73717

Prefilled for 73717Can I win this house?Multiple-offer likelihood for a listing Prefilled for 73717Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aline 73716 — /sq ftFreedom 73842 — /sq ftWaynoka 73860Buyer’s market $54 /sq ft Browse all markets →

Towns like Alva nearby

Find towns like Alva in other states →
Medicine Lodge, KS67104 · 34 miles away66% similarcheaper homes ($27K less) · smaller Cherokee, OK73728 · 18 miles away53% similarsmaller · older residents Fairview, OK73737 · 36 miles away45% similarsmaller · older residents Mooreland, OK73852 · 38 miles away45% similarsmaller · older residents

Where Alva is

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Questions about Alva real estate

Is Alva a buyer’s or seller’s market?

A balanced market: there were 6 months of supply in Alva, OK 73717 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 Alva?

The typical home went under contract in 121 days in the latest three months.

Do homes in Alva sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.1% of the list price.

What are property taxes in Alva?

About 0.58% of a home’s value a year in Woods County, or roughly $2,320 on a $400,000 home.

What is the median home price in Alva?

The median sale price was $82,464 in the three months ending August 31, 2026, about $62 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