Is 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, Gainesville has remained a Seller's Market.
Housing Prices in Gainesville, FL
How much do homes in Gainesville, FL cost?
Median Sold Price
$311,018
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gainesville was $311,018 in April 2024, up 22.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $125.5K | +5.5% |
2 Bedrooms | $177.8K | $186K | +4.6% |
3 Bedrooms | $280.1K | $312.1K | +11.4% |
4 Bedrooms | $389.5K | $427.6K | +9.8% |
5+ Bedrooms | $552.5K | $582.7K | +5.5% |
Summary: Gainesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Gainesville | $252.9K | $311K | +22.9% |
High Springs-Alachua | $330.7K | $329.9K | -0.3% |
Alachua | $341.9K | $335.1K | -2.0% |
Housing Supply in Gainesville, FL
How many homes are available in Gainesville, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,043 | 1,081 | +3.6% |
Summary: The Gainesville real estate market had 1,081 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 40 | +2.6% |
2 Bedrooms | 229 | 243 | +6.1% |
3 Bedrooms | 410 | 422 | +2.9% |
4 Bedrooms | 285 | 298 | +4.6% |
5+ Bedrooms | 80 | 78 | -2.5% |
Summary: The Gainesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
181 | 240 | +32.6% |
Asking Price vs. Sold Price
138 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 240 homes were sold or pending in Gainesville in April 2024, up by 32.6% month-over-month. Of the 240 sold homes, 57% were sold under asking, 27% were sold at asking, and 15% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 42 Days | +43.1% |
Summary: Homes in Gainesville had an average of 42 days on market in Apr 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During April 2024, 240 homes were sold in Gainesville; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.