$7,719 Closing Credit*
$650,000
2,840 SqFt
5 Beds
•4 Full Baths
Katie Garrett, Listing Office: GARRETT REALTY
Is Alachua, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Alachua was a Seller's Market.
Key Takeaway
Alachua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alachua, FL
How much do homes in Alachua, FL cost?
Median Sold Price
$337,150
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$2,840(-0.8%)
Key Takeaway
Homes in Alachua have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Alachua was $337,150 in September 2024, down 0.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $250K | $205K | -18.0% |
| 3 Bedrooms | $312.2K | $306K | -2.0% |
| 4 Bedrooms | $397.4K | $371.7K | -6.5% |
| 5+ Bedrooms | $415.7K | $460K | +10.7% |
Summary: Alachua housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $290.4K | $305.2K | +5.1% |
| High Springs | $292K | $305.5K | +4.6% |
| Alachua | $339.9K | $337.1K | -0.8% |
| High Springs-Alachua | $328.1K | $325.4K | -0.8% |
Housing Supply in Alachua, FL
How many homes are available in Alachua, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 135 | 123 | -8.9% |
Summary: The Alachua real estate market had 123 homes for sale in September 2024, a 8.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 69 | 61 | -11.6% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Alachua housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alachua, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Alachua in September 2024, down by 50.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 31 Days | 77 Days | +146.2% |
Summary: Homes in Alachua had an average of 77 days on market in Sep 2024, up by 146.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 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 September 2024, 10 homes were sold in Alachua; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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