Is Alafaya, 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, Alafaya has remained a Seller's Market.
Housing Prices in Alafaya, FL
How much do homes in Alafaya, FL cost?
Median Sold Price
$449,816
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alafaya was $449,816 in March 2024, up 2.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.5K | $195.7K | +5.0% |
2 Bedrooms | $259.5K | $317.5K | +22.4% |
3 Bedrooms | $385K | $396.5K | +3.0% |
4 Bedrooms | $500K | $515K | +3.0% |
5+ Bedrooms | $580K | $613.9K | +5.9% |
Summary: Alafaya housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
Townhomes at Avalon Lake | $368K | $389.9K | +6.0% |
Alafaya | $439.7K | $449.8K | +2.3% |
Housing Supply in Alafaya, FL
How many homes are available in Alafaya, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
248 | 241 | -2.8% |
Summary: The Alafaya real estate market had 241 homes for sale in March 2024, a 2.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 95 | 96 | +1.1% |
4 Bedrooms | 106 | 101 | -4.7% |
5+ Bedrooms | 33 | 29 | -12.1% |
Summary: The Alafaya housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 12.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 64 | +16.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Alafaya in March 2024, up by 16.4% month-over-month. Of the 64 sold homes, 59% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Alafaya, FL
How long does it take to sell a home in Alafaya, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 27 Days | -26.6% |
Summary: Homes in Alafaya had an average of 27 days on market in Mar 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 64 homes were sold in Alafaya; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.