Is Alachua County, 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 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
$322,780
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alachua County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Alachua County was $322,780 in April 2024, up 4.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.5K | $128.7K | 0.2% |
| 2 Bedrooms | $180K | $189.1K | +5.1% |
| 3 Bedrooms | $301.9K | $309.9K | +2.7% |
| 4 Bedrooms | $419.4K | $420K | 0.1% |
| 5+ Bedrooms | $529.5K | $510K | -3.7% |
Summary: Alachua County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Alachua County | $309.6K | $322.7K | +4.2% |
| Bradford County | $224.9K | $231.5K | +2.9% |
| Gilchrist County | $260K | $261K | 0.4% |
| Marion County | $274.9K | $274.9K | 0% |
| Union County | $300K | $249.5K | -16.8% |
Housing Supply in Alachua County, FL
How many homes are available in Alachua County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,623 | 1,663 | +2.5% |
Summary: The Alachua County real estate market had 1,663 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 43 | +2.4% |
| 2 Bedrooms | 274 | 291 | +6.2% |
| 3 Bedrooms | 688 | 697 | +1.3% |
| 4 Bedrooms | 503 | 513 | +2.0% |
| 5+ Bedrooms | 116 | 119 | +2.6% |
Summary: The Alachua County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 281 | 348 | +23.8% |
Asking Price vs. Sold Price
205 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
57 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. 58.9% of homes here sold below asking price last month.
Summary: A total of 348 homes were sold or pending in Alachua County in April 2024, up by 23.8% month-over-month. Of the 348 sold homes, 59% were sold under asking, 25% were sold at asking, and 16% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 52 Days | +28.6% |
Summary: Homes in Alachua County had an average of 52 days on market in Apr 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
86 Homes Were Sold
In 30 - 90 Days
71 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 April 2024, 348 homes were sold in Alachua County; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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