Is Eastside / Northeast Gainesville, 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, Eastside / Northeast Gainesville has remained a Seller's Market.
Key Takeaway
Eastside / Northeast Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastside / Northeast Gainesville, FL
How much do homes in Eastside / Northeast Gainesville, FL cost?
Median Sold Price
$210,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eastside / Northeast Gainesville have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Eastside / Northeast Gainesville was $210,250 in April 2024, up 7.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | - | N/A |
| 2 Bedrooms | $125.5K | $156K | +24.3% |
| 3 Bedrooms | $205.8K | $209.7K | +1.9% |
| 4 Bedrooms | $233K | $238.2K | +2.3% |
| 5+ Bedrooms | $305K | $185K | -39.3% |
Summary: Eastside / Northeast Gainesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 39.3%.
Housing Supply in Eastside / Northeast Gainesville, FL
How many homes are available in Eastside / Northeast Gainesville, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 63 | -1.6% |
Summary: The Eastside / Northeast Gainesville real estate market had 63 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Eastside / Northeast Gainesville 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 decreased by 40%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastside / Northeast Gainesville, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Eastside / Northeast Gainesville in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for Eastside / Northeast Gainesville, FL
How long does it take to sell a home in Eastside / Northeast Gainesville, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 24 Days | -45.8% |
Summary: Homes in Eastside / Northeast Gainesville had an average of 24 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastside / Northeast Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Eastside / Northeast Gainesville; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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