$7,006 Closing Credit*
$590,000
2,228 SqFt
4 Beds
•3 Full Baths
Xia Mei, Listing Office: YOUNG REAL ESTATE
Is Alafaya, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Alafaya was a Seller's Market.
Key Takeaway
Alafaya is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Alafaya, FL
How much do homes in Alafaya, FL cost?
Median Sold Price
$460,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,277(+5.8%)
Key Takeaway
Homes in Alafaya have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Alafaya was $460,000 in October 2024, up 5.8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $195K | -7.1% |
| 2 Bedrooms | $275.2K | $315K | +14.4% |
| 3 Bedrooms | $389.8K | $405K | +3.9% |
| 4 Bedrooms | $494.8K | $507K | +2.5% |
| 5+ Bedrooms | $599K | $615K | +2.7% |
Summary: Alafaya housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in Alafaya, FL
How many homes are available in Alafaya, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 292 | 287 | -1.7% |
Summary: The Alafaya real estate market had 287 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 109 | 110 | +0.9% |
| 4 Bedrooms | 128 | 117 | -8.6% |
| 5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The Alafaya housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 46 | -19.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alafaya, you may be able to get a good deal. 80.4% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Alafaya in October 2024, down by 19.3% month-over-month. Of the 46 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Alafaya, FL
How long does it take to sell a home in Alafaya, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +89.1% |
Summary: Homes in Alafaya had an average of 44 days on market in Oct 2024, up by 89.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alafaya has remained consistent over time.
Summary: During October 2024, 46 homes were sold in Alafaya; 39% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.