$135,000
12.53 Acres
Land
Marie DePalma, Listing Office: DEPALMA REALTY
Is Gilchrist County, 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, Gilchrist County was a Neutral Market.
Key Takeaway
Gilchrist County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gilchrist County, FL
How much do homes in Gilchrist County, FL cost?
Median Sold Price
$275,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+10.0%)
Key Takeaway
Homes in Gilchrist County have sold for 10% more than they did a year ago.
Summary: The median home sold price in Gilchrist County was $275,000 in October 2024, up 10% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102K | $275K | +169.6% |
| 2 Bedrooms | $193K | $189.5K | -1.8% |
| 3 Bedrooms | $254.9K | $279.9K | +9.8% |
| 4 Bedrooms | $338K | $330.5K | -2.2% |
| 5+ Bedrooms | $250K | $650K | +160.0% |
Summary: Gilchrist County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 169.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 160%.
Median Sold Price Compared To Nearby Counties
| Gilchrist County | $250K | $275K | +10.0% |
| Levy County | $247K | $255K | +3.2% |
| Alachua County | $315.2K | $324.7K | +3.0% |
Housing Supply in Gilchrist County, FL
How many homes are available in Gilchrist County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Summary: The Gilchrist County real estate market had 38 homes for sale in October 2024, a 11.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 28 | 23 | -17.9% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gilchrist County 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 remained the same, 3 bedroom homes decreased by 17.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gilchrist County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Gilchrist County in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Gilchrist County, FL
How long does it take to sell a home in Gilchrist County, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 81 Days | -6.8% |
Summary: Homes in Gilchrist County had an average of 81 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gilchrist County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Gilchrist County; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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