Is Alachua County, 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 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
$323,114
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alachua County was $323,114 in May 2024, up 3.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $126K | -3.1% |
2 Bedrooms | $180K | $187.8K | +4.3% |
3 Bedrooms | $305.4K | $309.6K | +1.4% |
4 Bedrooms | $419.5K | $419.9K | 0.1% |
5+ Bedrooms | $520K | $502.3K | -3.4% |
Summary: Alachua County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Bradford County | $225K | $239.5K | +6.4% |
Gilchrist County | $250K | $265K | +6.0% |
Alachua County | $312.6K | $323.1K | +3.3% |
Union County | $276K | $279.5K | +1.3% |
Marion County | $273.9K | $275K | 0.4% |
Housing Supply in Alachua County, FL
How many homes are available in Alachua County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,709 | 1,686 | -1.3% |
Summary: The Alachua County real estate market had 1,686 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 49 | +11.4% |
2 Bedrooms | 297 | 333 | +12.1% |
3 Bedrooms | 703 | 682 | -3.0% |
4 Bedrooms | 531 | 503 | -5.3% |
5+ Bedrooms | 134 | 119 | -11.2% |
Summary: The Alachua County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 11.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
359 | 365 | +1.7% |
Asking Price vs. Sold Price
207 Homes Were Sold
Under Asking
100 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 365 homes were sold or pending in Alachua County in May 2024, up by 1.7% month-over-month. Of the 365 sold homes, 57% were sold under asking, 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 47 Days | +24.1% |
Summary: Homes in Alachua County had an average of 47 days on market in May 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
206 Homes Were Sold
Under 30 Days
96 Homes Were Sold
In 30 - 90 Days
63 Homes Were Sold
Over 90 Days
Summary: During May 2024, 365 homes were sold in Alachua County; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.