Is Gainesville, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gainesville is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Gainesville has remained a Seller's Market.

Key Takeaway

Gainesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gainesville, FL

How much do homes in Gainesville, FL cost?

Median Sold Price

$307,050

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$27,751(+9.9%)

Key Takeaway

Homes in Gainesville have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Gainesville was $307,050 in June 2024, up 9.9% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $123.2K$125.5K
+1.8%
2 $180K$185K
+2.8%
3 $294.5K$303K
+2.9%
4 $404.1K$434.9K
+7.6%
5+ $597K$570K
-4.5%

Summary: Gainesville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

Gainesville
+9.9%
High Springs-Alachua
-0.1%
Alachua
-1.3%

Housing Supply in Gainesville, FL

How many homes are available in Gainesville, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,1851,131-4.6%

Summary: The Gainesville real estate market had 1,131 homes for sale in June 2024, a 4.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 4551
+13.3%
2 283274
-3.2%
3 453422
-6.8%
4 312296
-5.1%
5+ 9288
-4.3%

Summary: The Gainesville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
271237-12.5%

Asking Price vs. Sold Price

154 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gainesville, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 237 homes were sold or pending in Gainesville in June 2024, down by 12.5% month-over-month. Of the 237 sold homes, 65% were sold under asking, 18% were sold at asking, and 17% were sold over asking.

Days on Market for Gainesville, FL

How long does it take to sell a home in Gainesville, FL?

Average Sale Time

Jun 2023Jun 2024CHANGE
31 Days46 Days+47.9%

Summary: Homes in Gainesville had an average of 46 days on market in Jun 2024, up by 47.9% compared to last year.

Breakdown of Home Sale Times

139 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gainesville are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 237 homes were sold in Gainesville; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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