Is Alachua, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alachua was a Seller's Market.
Key Takeaway
Alachua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alachua, FL
How much do homes in Alachua, FL cost?
Median Sold Price
$337,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alachua have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Alachua was $337,000 in March 2024, down 0.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $247K | $227.4K | -7.9% |
| 3 Bedrooms | $311.1K | $315.5K | +1.4% |
| 4 Bedrooms | $387.9K | $395K | +1.8% |
| 5+ Bedrooms | $404.9K | $443.3K | +9.5% |
Summary: Alachua housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $245.9K | $307K | +24.8% |
| High Springs-Alachua | $329.9K | $329.7K | -0.1% |
| Alachua | $339.5K | $337K | -0.7% |
| High Springs | $305K | $300K | -1.6% |
Housing Supply in Alachua, FL
How many homes are available in Alachua, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 122 | -0.8% |
Summary: The Alachua real estate market had 122 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 60 | 68 | +13.3% |
| 4 Bedrooms | 46 | 40 | -13.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Alachua housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alachua, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Alachua in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Alachua, FL
How long does it take to sell a home in Alachua, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 52 Days | -22.9% |
Summary: Homes in Alachua had an average of 52 days on market in Mar 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alachua are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Alachua; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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