Is Southwest 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, Southwest Gainesville has remained a Seller's Market.
Housing Prices in Southwest Gainesville, FL
How much do homes in Southwest Gainesville, FL cost?
Median Sold Price
$349,547
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Gainesville was $349,547 in April 2024, up 12.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.5K | $127.5K | -0.8% |
2 Bedrooms | $170K | $179K | +5.3% |
3 Bedrooms | $359.4K | $369K | +2.7% |
4 Bedrooms | $475.4K | $450K | -5.3% |
5+ Bedrooms | $818K | $630K | -23.0% |
Summary: Southwest Gainesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 23%.
Housing Supply in Southwest Gainesville, FL
How many homes are available in Southwest Gainesville, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
521 | 519 | -0.4% |
Summary: The Southwest Gainesville real estate market had 519 homes for sale in April 2024, a 0.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 32 | +3.2% |
2 Bedrooms | 141 | 146 | +3.5% |
3 Bedrooms | 140 | 136 | -2.9% |
4 Bedrooms | 157 | 157 | 0.0% |
5+ Bedrooms | 52 | 48 | -7.7% |
Summary: The Southwest Gainesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 111 | +38.8% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Southwest Gainesville in April 2024, up by 38.8% month-over-month. Of the 111 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for Southwest Gainesville, FL
How long does it take to sell a home in Southwest Gainesville, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 48 Days | +59.1% |
Summary: Homes in Southwest Gainesville had an average of 48 days on market in Apr 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 111 homes were sold in Southwest Gainesville; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.