Is Alachua, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alachua has remained a Seller's Market.
Key Takeaway
Alachua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alachua, FL
How much do homes in Alachua, FL cost?
Median Sold Price
$335,150
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alachua have sold for 2% less than they did a year ago.
Summary: The median home sold price in Alachua was $335,150 in April 2024, down 2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $227.5K | $224.9K | -1.1% |
| 3 Bedrooms | $303.5K | $318K | +4.8% |
| 4 Bedrooms | $389.9K | $377.4K | -3.2% |
| 5+ Bedrooms | $397.6K | $554.9K | +39.6% |
Summary: Alachua housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 39.6%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $252.9K | $311K | +22.9% |
| High Springs-Alachua | $330.7K | $329.9K | -0.3% |
| High Springs | $306.4K | $301.5K | -1.6% |
| Alachua | $341.9K | $335.1K | -2.0% |
Housing Supply in Alachua, FL
How many homes are available in Alachua, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 128 | +1.6% |
Summary: The Alachua real estate market had 128 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 68 | 74 | +8.8% |
| 4 Bedrooms | 43 | 39 | -9.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Alachua housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 30 | +76.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alachua, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Alachua in April 2024, up by 76.5% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 87 Days | +23.2% |
Summary: Homes in Alachua had an average of 87 days on market in Apr 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 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 April 2024, 30 homes were sold in Alachua; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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