$3,800 Closing Credit*
$320,000
1,273 SqFt
3 Beds
•2 Full Baths
Anna Guarino, Listing Office: FLORIDA HOMES REALTY & MTG
Is Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Gainesville was a Seller's Market.
Key Takeaway
Gainesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gainesville, FL
How much do homes in Gainesville, FL cost?
Median Sold Price
$305,278
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,817(+5.1%)
Key Takeaway
Homes in Gainesville have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Gainesville was $305,278 in September 2024, up 5.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.2K | $122.5K | -2.2% |
| 2 Bedrooms | $181K | $185K | +2.2% |
| 3 Bedrooms | $300.7K | $301.6K | 0.3% |
| 4 Bedrooms | $415.6K | $434.8K | +4.6% |
| 5+ Bedrooms | $590.5K | $612.5K | +3.7% |
Summary: Gainesville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $290.4K | $305.2K | +5.1% |
| Alachua | $339.9K | $337.1K | -0.8% |
| High Springs-Alachua | $328.1K | $325.4K | -0.8% |
Housing Supply in Gainesville, FL
How many homes are available in Gainesville, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,022 | 985 | -3.6% |
Summary: The Gainesville real estate market had 985 homes for sale in September 2024, a 3.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 46 | +12.2% |
| 2 Bedrooms | 221 | 230 | +4.1% |
| 3 Bedrooms | 434 | 393 | -9.4% |
| 4 Bedrooms | 258 | 264 | +2.3% |
| 5+ Bedrooms | 68 | 52 | -23.5% |
Summary: The Gainesville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 202 | 116 | -42.6% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gainesville, you may be able to get a good deal. 71.6% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Gainesville in September 2024, down by 42.6% month-over-month. Of the 116 sold homes, 72% were sold under asking, 20% were sold at asking, and 9% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 33 Days | 66 Days | +98.5% |
Summary: Homes in Gainesville had an average of 66 days on market in Sep 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gainesville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 116 homes were sold in Gainesville; 39% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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