Is Alachua, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$337,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alachua have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Alachua was $337,000 in May 2024, down 1.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $227.5K | $224.9K | -1.1% |
| 3 Bedrooms | $303.5K | $320K | +5.4% |
| 4 Bedrooms | $385K | $380K | -1.3% |
| 5+ Bedrooms | $393.9K | $460K | +16.8% |
Summary: Alachua housing prices by bedroom type for May 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 5.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $266.9K | $309.2K | +15.8% |
| High Springs | $302.5K | $314.9K | +4.1% |
| High Springs-Alachua | $329.9K | $329.8K | 0% |
| Alachua | $340.9K | $337K | -1.2% |
Housing Supply in Alachua, FL
How many homes are available in Alachua, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 127 | -3.8% |
Summary: The Alachua real estate market had 127 homes for sale in May 2024, a 3.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 71 | 64 | -9.9% |
| 4 Bedrooms | 45 | 53 | +17.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Alachua housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alachua, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Alachua in May 2024, down by 9.4% month-over-month. Of the 29 sold homes, 55% were sold under asking, 38% were sold at asking, and 7% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 43 Days | -30.5% |
Summary: Homes in Alachua had an average of 43 days on market in May 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 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 May 2024, 29 homes were sold in Alachua; 48% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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