$9,369 Closing Credit*
$789,000
2,775 SqFt
3 Beds
•2 Full Baths, 1 Partial
Steven Martins, Listing Office: HORIZON REALTY OF ALACHUA INC
Is 32640, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 32640 was a Neutral Market.
Key Takeaway
32640 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 32640, FL
How much do homes in 32640, FL cost?
Median Sold Price
$244,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+6.1%)
Key Takeaway
Homes in 32640 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 32640 was $244,000 in November 2024, up 6.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $326K | +50.9% |
| 2 Bedrooms | $178K | $236K | +32.6% |
| 3 Bedrooms | $220K | $229K | +4.1% |
| 4 Bedrooms | $434K | $369.5K | -14.9% |
| 5+ Bedrooms | $547.4K | - | N/A |
Summary: 32640 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.9%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes did not change.
Housing Supply in 32640, FL
How many homes are available in 32640, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 88 | +8.6% |
Summary: The 32640 real estate market had 88 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 45 | 51 | +13.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 32640 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32640, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 32640 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 32640, FL
How long does it take to sell a home in 32640, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 53 Days | -30.6% |
Summary: Homes in 32640 had an average of 53 days on market in Nov 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 32640 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 32640; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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