Is Alafaya, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alafaya has remained a Seller's Market.
Housing Prices in Alafaya, FL
How much do homes in Alafaya, FL cost?
Median Sold Price
$444,795
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alafaya was $444,795 in April 2024, up 1.2% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.5K | $195K | +4.6% |
2 Bedrooms | $259.5K | $315K | +21.4% |
3 Bedrooms | $385K | $396.3K | +2.9% |
4 Bedrooms | $499K | $510.2K | +2.2% |
5+ Bedrooms | $580K | $615K | +6.0% |
Summary: Alafaya housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 6%.
Housing Supply in Alafaya, FL
How many homes are available in Alafaya, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
251 | 247 | -1.6% |
Summary: The Alafaya real estate market had 247 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 103 | 97 | -5.8% |
4 Bedrooms | 100 | 102 | +2.0% |
5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Alafaya housing inventory by bedroom type for April 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 5.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 60 | -10.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Alafaya in April 2024, down by 10.4% month-over-month. Of the 60 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 34 Days | +17.2% |
Summary: Homes in Alafaya had an average of 34 days on market in Apr 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in Alafaya; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.