$2,613 Closing Credit*
$220,000
1,410 SqFt
2 Beds
•2 Full Baths
Cassandra Gardner, Listing Office: KELLER WILLIAMS CORNERSTONE RE
Is Alachua County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Alachua County has remained a Seller's Market.
Key Takeaway
Alachua County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alachua County, FL
How much do homes in Alachua County, FL cost?
Median Sold Price
$322,564
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$7,928(+2.5%)
Key Takeaway
Homes in Alachua County have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Alachua County was $322,564 in August 2024, up 2.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.5K | $127.7K | -1.4% |
| 2 Bedrooms | $185K | $189.4K | +2.4% |
| 3 Bedrooms | $305.9K | $303.8K | -0.7% |
| 4 Bedrooms | $419.2K | $420K | 0.2% |
| 5+ Bedrooms | $511.5K | $530.5K | +3.7% |
Summary: Alachua County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Gilchrist County | $250K | $270K | +8.0% |
| Bradford County | $225K | $239K | +6.2% |
| Union County | $269.9K | $282.2K | +4.6% |
| Alachua County | $314.6K | $322.5K | +2.5% |
| Marion County | $271.5K | $278K | +2.4% |
Housing Supply in Alachua County, FL
How many homes are available in Alachua County, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,617 | 1,519 | -6.1% |
Summary: The Alachua County real estate market had 1,519 homes for sale in August 2024, a 6.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 44 | +2.3% |
| 2 Bedrooms | 296 | 263 | -11.1% |
| 3 Bedrooms | 684 | 667 | -2.5% |
| 4 Bedrooms | 480 | 445 | -7.3% |
| 5+ Bedrooms | 114 | 100 | -12.3% |
Summary: The Alachua County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 12.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 318 | 264 | -17.0% |
Asking Price vs. Sold Price
175 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alachua County, you may be able to get a good deal. 66.3% of homes here sold below asking price last month.
Summary: A total of 264 homes were sold or pending in Alachua County in August 2024, down by 17.0% month-over-month. Of the 264 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for Alachua County, FL
How long does it take to sell a home in Alachua County, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +33.1% |
Summary: Homes in Alachua County had an average of 50 days on market in Aug 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
130 Homes Were Sold
Under 30 Days
86 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alachua County are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 264 homes were sold in Alachua County; 49% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.