Is Alachua County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alachua County has remained a Seller's Market.
Housing Prices in Alachua County, FL
How much do homes in Alachua County, FL cost?
Median Sold Price
$319,664
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alachua County was $319,664 in March 2024, up 3.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $130K | +4.0% |
2 Bedrooms | $180.3K | $187.5K | +4.0% |
3 Bedrooms | $302.3K | $309.3K | +2.3% |
4 Bedrooms | $418.4K | $419.9K | 0.3% |
5+ Bedrooms | $570K | $500K | -12.3% |
Summary: Alachua County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Counties
Bradford County | $225K | $235K | +4.4% |
Alachua County | $310K | $319.6K | +3.1% |
Marion County | $274.5K | $274.1K | -0.1% |
Gilchrist County | $263K | $250K | -4.9% |
Union County | $301K | $259.9K | -13.7% |
Housing Supply in Alachua County, FL
How many homes are available in Alachua County, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,489 | 1,580 | +6.1% |
Summary: The Alachua County real estate market had 1,580 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 45 | +18.4% |
2 Bedrooms | 246 | 274 | +11.4% |
3 Bedrooms | 624 | 674 | +8.0% |
4 Bedrooms | 461 | 476 | +3.3% |
5+ Bedrooms | 120 | 111 | -7.5% |
Summary: The Alachua County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
252 | 270 | +7.1% |
Asking Price vs. Sold Price
169 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 270 homes were sold or pending in Alachua County in March 2024, up by 7.1% month-over-month. Of the 270 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 57 Days | +25.1% |
Summary: Homes in Alachua County had an average of 57 days on market in Mar 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
67 Homes Were Sold
Over 90 Days
Summary: During March 2024, 270 homes were sold in Alachua County; 53% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.